I’ve been meaning to read Tyler Cowen’s Discover Your Inner Economist since it came out a decade ago. Cowen is an economics professor at George Mason University who describes himself as a “curious intellectual nerd polymath.” He also runs marginalrevolution.com, arguably one of the best economics blogs. While I was intrigued by the subtitle “Use Incentives…
Tag Archives | rewards
Rewarding Teamwork
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…
7 More Tips For New Managers
After the robust discussion on my 7 tips for new managers, I decided to add a few more tips: 8. “Do unto others” Treat employees the way that you would want to be treated. Never ask an employee to do something that you wouldn’t do yourself. 9. “Turn chickens into pigs” During bacon and eggs breakfasts,…
7 Tips For New Managers
After reading my MBWA 101 post, a colleague asked me if I had ever compiled a list of tips for new managers. He wanted to provide some concrete recommendations for a new mentee who had recently become a first line manager. Other than my own management philosophy, I’d never written anything down before so I…
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…