Thank you so much for another awesome episode! Short yet super powerful and thought provoking.
I have certainly utilized the 'carrot and stick' mentality and operational mechanisms to try and motivate employees in the past (for example, the longer you are employed, the greater % of your monthly health insurance premium the company pays for, or whatever). In general, it has been pretty unsuccessful for us. :( For me, the lesson has been that each team member (including myself as an owner) has pretty different needs and desires, and therefore, needs different carrots. Some people are indeed motivated by more money, others by praise, others by increased power / influence, others by increased security, etc. IMHO, thoughtful and loving management can still involve a carrot (and occasional stick i guess) but it just helps to be tailored to each employee. I believe setting goals and trying to motivate employees to improve through individually crafted rewards is not an inherently flawed approach. but, what the heck do i know ?!?!? We used to say that each employee has their own 'story arch' . However, problems can arise with 'fairness' and comparative compensation and such . It's so hard :)
I hear that-- there's sort of a catch 22 sometimes, we want to ensure that everyone's unique needs and desires are tended to...and then at the same time how do you ensure fairness?
Thank you so much for another awesome episode! Short yet super powerful and thought provoking.
I have certainly utilized the 'carrot and stick' mentality and operational mechanisms to try and motivate employees in the past (for example, the longer you are employed, the greater % of your monthly health insurance premium the company pays for, or whatever). In general, it has been pretty unsuccessful for us. :( For me, the lesson has been that each team member (including myself as an owner) has pretty different needs and desires, and therefore, needs different carrots. Some people are indeed motivated by more money, others by praise, others by increased power / influence, others by increased security, etc. IMHO, thoughtful and loving management can still involve a carrot (and occasional stick i guess) but it just helps to be tailored to each employee. I believe setting goals and trying to motivate employees to improve through individually crafted rewards is not an inherently flawed approach. but, what the heck do i know ?!?!? We used to say that each employee has their own 'story arch' . However, problems can arise with 'fairness' and comparative compensation and such . It's so hard :)
I hear that-- there's sort of a catch 22 sometimes, we want to ensure that everyone's unique needs and desires are tended to...and then at the same time how do you ensure fairness?