photo credit: lumaxart
Recently Entrepreneur.com posted an article regarding what truly motivates your employees in a down economy that i don’t necessarily think is true for everyone. While they state that money sure does motivate your employees in today’s economy, they are more suggesting that the recognition you give your employees motivates them more than money.
It’s the recognition and status that are the true motivators for the increased output. Take for example, the high tech salesperson who sold more product than anyone else in the department.
I have no doubt in my mind that employees appreciate recognition a great deal, however, i wouldn’t go as far to say that they prefer that over money in a down economy. Maybe during times of good business the recognition would mean a lot more, but let’s face it, during good times people enjoy more money so they definitely are going to enjoy it a great deal during times when they very much need it.
Entrepreneur.com suggests that smart employees don’t need to be motivated that they are self motivated through their status and recognition. I would say that no matter the employees status or their recognition or even how smart they are, they are still going to want a decent if not better than decent salary otherwise they will go somewhere else.