In this week’s show we explore four types of rewards:
- Recognition and praise
- Pay for performance
- Pay for contribution
- Pay for potential
Do you know what reward most managers think that employees want? “Good wages.”
Do you know what reward most employees actually say they want? “Full appreciation for work done.”
Wages rank #5 on employees’ lists.
Rewarding people is not the booby-trap of fueling spiraling expectations that many leaders fear.
Are you overlooking a powerful tool at your disposal?