A successful corporation is built upon many foundations. Although entrepreneurs
may disagree as to what these keys may or may not be, it may be hard to argue that fairness does not make that list. It is essential that any successful company thrive on teamwork, and in order for employees to work together within an office environment, the company must operate fairly.
According to Marcus Erb, contributor to Entrepreneur
magazine, issues such as pay, favoritism among managers and recognition are often challenges that leaders face. Corporate executives face these problems just as often as their small business equals, he wrote, however entrepreneurs are ten percent more likely to see favorable results among their staff members.
One way to handle fairness in the work place is to ensure that promotions are handled in a proper manner, meaning that employees frequently hear constructive feedback and receive professional support. Additionally, consider a fair appeals process, the source recommends, so that employees have a sounding board to hear their concerns should they arise.
Managing a workplace in a more fair, supportive environment often translates in happier, more productive employees. Although they may not necessarily see a higher paycheck, they will see that fairness is important in their workplace.
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