Nationwide Surveys (Time-After-Time)
TOP THREE JOB “NEEDS” OF EMPLOYEES
- Recognition for doing good work
- Freedom for independent thought and action
- Opportunity for personal growth
OTHER “NEEDS”
- Higher salary and/or more benefits.
- Promotion to a better job.
- Job security.
- Satisfying the boss’s wishes.
- Prestige and status.
Sources: Dr. H. Migliore, Dean, Oral Roberts Business School, and hundreds of other similar surveys across North America and Europe by Stephen G. Haines.
EFFECTIVE REWARDS ARE …
- Timely
- Significant
- Personally meaningful
- Competing against oneself only
- Multiple winners
Note: “Pay for Performance” violates all of these. Hence, the need for a different type of “reward”—a “non-financial” reward.