Author Simon Sinek stated that “When people are financially invested, they want a return. When people are emotionally invested, they want to contribute.” Positive reinforcement can help cement that emotional investment.
Every day we thank complete strangers for their attention and kindness: the person in front of you holding open a door, a waitress for refilling your coffee, or even a bystander offering to take that family picture of you with your own camera. So why is it so hard for some managers and business owners to say “thank you” to their own employees for a job well done?
The reality is that just giving an employee a pay check is not a “thank you.”…
Last week we discussed the fact the economy is improving and employees no longer feel lucky just to have a paycheck. They are now in a position to demand more. We explored some of the ways to increase the chance that they stay with you long term. Today I would like to take a deeper dive on some additional ideas on how to keep your employees happy.
Compensation is always an important factor in ensuring that people are satisfied at work. The challenge is, when you give someone a raise, after a period of time, that goodwill starts to diminish. Instead of giving the employee a significant raise all at once, why not break it up into smaller incremental raises.…
I am completely reliant on my calendar. I travel frequently and if you ask me where I’m going next week I have to look it up. For years I carried a paper calendar. Eventually my biggest fear came to fruition. I was in Atlanta waiting for my connection when I decided to check what hotel I would be staying in that evening. I reached into my briefcase and panicked. My calendar was gone. I left it on the plane. I rushed back to the gate but the plane had taken off. I left word with the airline but I never saw it again.…
How industrious are you? Do you wish you could get more done? Can you be more productive?
In the early 1900’s Charles Schwab (left), the head of the Bethlehem Steel, hired Ivy Lee, a well-known consultant and asked him to help his organization be more productive. When they got to the issue of how Lee would be compensated, Lee suggested that Schwab should pay him what he thinks his services are worth. After 3 months, Schwab sent Lee a check for $35,000. Keep in mind at that time, the average house sold for just over $2000, and the typical worker was making less than $2 per day.…
