reward

What Am I Doing Right?

Right now, pick up the phone, call your best client and after the appropriate niceties ask them this question: “What am I doing right?” They will surely share some details....

Is Money Always the best Way to Reward Employees?

Employees love to be rewarded. Heck, we all do! It makes us feel good and appreciated for the things we do. But, believe it or not, money may not be...

51 Ways to Reward Your Employees (No Money Required)

Sure, many companies feel strapped right now and may duck their head and run in the other direction at the mere mention of bonuses. But tough times don’t mean that...

Don't Punish Failure, Reward It

I have noticed a trend with employees.  As a company grows it's the natural tendency of employees to work more and more within the corporate structure. Their job is to...

Don't Punish Failure, Reward It

Certificate of recognition - I am a failure

I have noticed a trend with employees.  As a company grows it’s the natural tendency of employees to work more and more within the corporate structure. Their job is to fit in.  Their job is to not make mistakes.

It make’s sense from the employee’s vantage point. Do what you are told, how you are told, and you will be rewarded with a predictable paycheck.  It make’s sense from the employers stand point, too.  Predictable employee behavior is manageable and scalable.  It makes sense. Until you realize it doesn’t make sense.

More structure, more compliance, means a whole lot less risk taking.  That’s the danger. Less risk means less failure, which means less innovation.  It is just a matter of time before the business becomes stagnant and the slow miserable death begins.  Unless, of course, you reward failure.

As a solo entrepreneur, you naturally rewarded failure.  You would mess up, and you wouldn’t fire yourself or reprimand yourself.  Instead you would hustle that much harder to find the right answer.

Now that you have employees, do the same. Don’t punish failure. . . in the spirit of innovation, reward it.  Give them a pat on the back, and a congratulations for (quickly) finding a way not to do it.  Then give them the kick in the butt to get back up and start hustling to find the right solution.