There was a survey done recently by Michelle McQuaid and the results were picked up by a number of news outlets and delivered as big news. The basis of the study was, if given a choice, would your employee choose a better boss or a pay raise – and guess what they found!?
65% of employees say they would rather have a Better Boss than more Money!
So, my question to you – do you think this is true? If you went to your employees right now, today, and told them – look we know, based on this survey you guys want a better boss, so we going to fire the idiot we have managing you right now and let you pick your next boss! And, because we are doing this – you don’t get a raise next year – but don’t worry – you’ll be more engaged and happier because this next gal you pick to tell you what to do is really going to that much better! What do you say – are you in?!
Before you go cutting your increase budget for 2013, and funneling all of that money into leadership development – let’s look at a couple of things:
1. The person who did the survey -Michelle McQuaid – has a consulting business and guess what she’s selling? Engagement!
2. The survey sample was a total of 1000 folks from various demographics – and I’m sure was academically and statistically tested to be completely valid and reliable…
Unfortunately, the media outlets that pick this crap up never give the full story – that’s not their job – their job is to get you to click – and most people believe what they read. Put into context, this survey is almost laughable – One person, trying to sell her ideas, throws a survey together that just by happenstance validates what she’s saying. The Business Insider even tied Gallup into the article making it look even more valid – which causes great confusion!
Here’s my real life study of this same subject – do this for me and let me know how it turns out:
1. Take $2500 cash – stacks of $20 bills – and set them in front of an employee. Let the employee touch the money – pick it up.
2. Then, ask this one question – “You can have a new boss – a better boss – or you – right now – can have this money. Which one would you like?”
3. Do this to 100 employees – or 1000 (like it matters) – and tell me your results.
Here is my guarantee to you – and if it doesn’t work out this way – I’ll pay for your study. You will not have 65% of your employees chose a new boss!!!! I guarantee it. Look I get what Michelle is trying to do – we’ve all drank the engagement Koolaid – so now we’re supposed to believe that money no longer matters to people. Well it does – it matters a whole lot – don’t try and kid yourself. Telling yourself that your employees will pick a better boss over a raise is fools gold – and makes you look like an idiot to your executives – because they know reality. People want a better boss – people need and want more money – more.