Monday, October 8, 2012

How To Reward Employees On A Tight Budget

How To Reward Employees On A Tight Budget: The past few days I was working with a wonderful group – the senior Legal and Policy team of a client company – and we were talking about how to foster an environment where “employees are happy to come to work and can achieve their potential.”  Someone noted that’s harder when money's tight - when, for instance, you don’t have the budget to pay overtime or give significant raises.  Which led to a great conversation about what’s motivating to people.  We all agreed that money is great (it’s hard to imagine employees saying no to more money), but that you can reward and incent people in meaningful ways that don’t involve financial compensation.

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