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Non-Monetary Treasures to Give to Your Staff

Everyone say they work for money, but if you ask them will they work for money if their boss is a jerk, most will say no.  Obviously there are many things worth more than money.  A smart boss will give these to them, simply because they are costless but are perceived as priceless to the receiver. These 7 Invaluable Non-Monetary Treasures include:
  1. Recognition for not just achievements but hard work done.  Many bosses only recognize people when they hit the targets, but given the tough business environment that we are in, people will feel de-motivated if they work hard and fail to hit the targets.  That's why a smart boss always recognize people with simple words like, "Thanks for the hard work" coupled with a smile
  2. Sense of Belonging.  People want to feel that they belong to something more than just colleagues, their organization must stand for something and they must feel that they belong there and are not just work for money. The most effective way to make people belong is to involve them in your decision-making
  3. Concern for their Personal Lives.  People are not just employees, they too have their life outside of work.  If you only care about their work and nothing else, how can you get them to give you their life to you?  The easiest way to care for them is to show concern on Monday morning
  4. Exclusive Privileges.  Like the use of the boss's Mercedes on special occasions and discounts on merchants and of course, free gifts
  5. Promotion.  People want to grow, and they can grow vertically up or horizontally wide.  Upgrade their skills, send them for courses, and then give them more responsibilities.  Promote them once they show they can handle their expanded roles
  6. Stress Reduction.  Yes, people are so afraid of talking to their bosses because the stress is always there. Be the first boss in the world whereby people will actually feel de-stressed when they talk to you.  One way to do it is to reduce their workload
  7. Catch them Doing Right, not just doing wrong. Few bosses do this, and you will be a different boss if you can do this, at least once a week if not everyday
By Andy Ng, whose oldest course: How to Be a Better Manager is starting on Monday 6 October 2014 2 pm to 5.30 pm. It is on 4 Mondays on 6/10, 13/10, 20/10 and 27/10.  Details are at here.  Related articles:
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