Praise is important, but it can't serve as a substitute for money in motivating employees

[JEDI]

Douglas Klein, president of Sirota Survey Intelligence, a research firm headquartered that surveyed MILLIONS of employees:
"Employees' basic needs can't be substituted for one another. A 'thank you' from the boss can't take the place of money, and money can't substitute for praise."

Interesting.. i guess i consider myself overpaid since i'm motivated by my boss, and not by the 1-3% raises everyone gets. Heck, if the company said no raises this year because we're in the red, i would still be motivated to do my best for my boss.

What about you? $ a substitute for praise and vice versa?

 

[chambersc]

If the company were running in the negative, I would be in the same boat as you. If I liked the place, I could understand a sincere thanks and a hearty praise. However, if the means are there and they choose the cheap way out, I would be less than thriller about the situation.

 

[Nik]

It can if you have employees that aren't frothing at the mouth when they get their paycheck. Not everyone is motivated by greed.

 

[sandorski]

Originally posted by: chambersc
If the company were running in the negative, I would be in the same boat as you. If I liked the place, I could understand a sincere thanks and a hearty praise. However, if the means are there and they choose the cheap way out, I would be less than thriller about the situation.

Good point. Employees can understand struggle, but if the company begins raking in the Cash they deserve some form of sharing in the Bonanza. Doesn't necessarily mean Cash/Wages, but it has to be more than empty words.

 

[her209]

Originally posted by: JEDI
Heck, if the company said no raises this year because we're in the red, i would still be motivated to do my best for my boss.

It depends on the context. If the higher ups are living like kings at the expense at the company then you know... you know...

 

[thoro86]

Originally posted by: JEDI
Douglas Klein, president of Sirota Survey Intelligence, a research firm headquartered that surveyed MILLIONS of employees:
"Employees' basic needs can't be substituted for one another. A 'thank you' from the boss can't take the place of money, and money can't substitute for praise."

Interesting.. i guess i consider myself overpaid since i'm motivated by my boss, and not by the 1-3% raises everyone gets. Heck, if the company said no raises this year because we're in the red, i would still be motivated to do my best for my boss.

What about you? $ a substitute for praise and vice versa?

probably ur in love w/ ur boss!?!?

 

[Nik]

Originally posted by: thoro86

Originally posted by: JEDI
Douglas Klein, president of Sirota Survey Intelligence, a research firm headquartered that surveyed MILLIONS of employees:
"Employees' basic needs can't be substituted for one another. A 'thank you' from the boss can't take the place of money, and money can't substitute for praise."

Interesting.. i guess i consider myself overpaid since i'm motivated by my boss, and not by the 1-3% raises everyone gets. Heck, if the company said no raises this year because we're in the red, i would still be motivated to do my best for my boss.

What about you? $ a substitute for praise and vice versa?

probably ur in love w/ ur boss!?!?

Text

 

[Wheezer]

I always told the people that worked for me thanks everyday when they hit the clock to leave. I was not in a position to give them the money I felt they deserved so on more than one occasion I let them leave a few hours early and made sure thie clock outs reflected a full shift. It wasn't a raise, but it was as close as I could get them and they paid me back by being to work every day and putting in 100% damn near everyday....the company made more off the employees than they had to unknowingly pay out.

When you figure down time one a machine is $23+ a minute and employee would work hard to get a machine back up and running rather than dragging ass and costing the company more downtime...I would say the company made out.