I believe every manager is a member of three teams: The people that report to that manager. This is usually what someone means when they refer to “my team.” The external stakeholders in other departments they work with every day. For example, marketing is often considered part of the extended team for sales or development. Their peers…
Tag Archives | incentives
Cash or Non-Cash Rewards?
There is a longstanding debate as to whether people are more motivated by financial or non-monetary incentives. The obvious answer is that not everyone can be incented the same way and not every situation warrants the same incentive. This may be an obvious answer but it isn’t a very useful one because it doesn’t give…
Are Non-Cash Rewards Better Than Cash?
It’s the holiday season and I’m faced with my annual dilemma: How do I thank a small number of employees who have disproportionately supported the company’s and my own success over the last year? For most of my career, I’ve believed non-cash rewards were better than cash. After all, cash gets used for next months’ car…