To have highly engaged employees who must do what?
Come on. Come on. What have you been told for the last 10 or 20 years?
I’ll give you the synopsis:
1. Recognize solid performance
2. Provide challenging and meaningful work
3. Give frequent feedback
4. Give employees a voice in decision making
Apparently, that’s all bull shit! From the folks who teach other companies how to become Great Places To Work, Quantum Workplace, released a study last week that show from your most engaged employee, to your least engaged employee, they really only care about one kind of recognition — MONEY! Here’s the chart:
Fascinating research, check out their white paper, it’s one of the better ones I’ve read in the past five years!
Also, it looks like your personalized pleather portfolios aren’t the bang for the buck you hoped for either! That’s alright, neither is the spin you’ve been fed the past 20 years about people getting super psyched for additional responsibility, or the annual holiday party or summer family picnic. All the crap blows as well. You know what doesn’t blow? MONEY! Yeah! So, I’m really, really the best employee, with great performance? Great! SHOW ME THE MONEY!
Also, you leaders who think your team just wants some words of praise, motivation and encouragement? No they don’t. They want you to hand out $100 bills, and shut your stupid mouth!
So, why have you been told a great big lie the last 20 plus years?
Advising leadership that all they have to do is hand out more money doesn’t really sell well! Also, most companies are horrible at pay for performance. They are unwilling to truly pay for great performance, and kick bad performers in the teeth with nothing. We want to reward greatness with 5% and show those bad performers how serious we are by giving them a 1% increase! Take that bad performers!
What do you think gang? What’s is your most important form of recognition? Are you sure? Or, are you just telling yourself that lie?