Most employers know that they have to use a carrot-and-stick method of making sure that their employees stay productive. You have to bribe them in a sense by offering the benefits that they are seeking. You also have to punish them (or have the threat of punishment) when the benefits aren’t working. Unfortunately, most employers have some strong misconceptions of what truly motivates employees to be productive which hinders their ability to offer the right carrots and to wield the right sticks. At the top of the list of misconceptions is that employers think wages are the most important benefit to offer to employees when that’s really not the case at all.
Most employers believe that good wages and regular raises are a key benefit to offer to employees to motivate them to stay productive. The truth is that there are several benefits that employees value more than wages which Continue reading ‘How Much Do Wages Matter to Employee Productivity?’
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