Channel Button

There are 60 articles on this title. You are reading the article ranked and rated #2 by Helium's members.

Debate_icon

Jobs & Careers   >

Employers

Motivating employees: Is money or recognition more appreciated?

Results so far:

Money
55% 367 votes Total: 667 votes
Recognition
45% 300 votes

by Cyn Lee

  • Writing Level StarWriting Level StarWriting Level Star

Employee's lives come in all shapes and sizes, and so should the rewards given for recognition. In order for recognition to be effective, rewards need to be suited to the different personalities, ages and lifestyles.

When attempting to motivate employees younger than thirty, cash works best. Younger employees appreciate extra money in their wallets more than a pat on the back. If they know there is extra cash involved, they work harder.

The middle-aged guy with two kids in college could use a few extra bucks, however regognition will make him feel good about himself and that's worth more than cash. Especially since in my twenty years as a business owner, I've learned no matter what you pay this group, it will never be enough to ease their debt. Between house payments, car payments, kids in college, credit card debt, health costs, and travel costs, any extra cash gets sucked up without notice. This makes a pat on the back, a picture on the wall, a front row parking space, and tickets to the Red Sox, the perfect type of Employer acknowledgement for the middle-aged.

The senior employee wants both cash and acknowledgement. They're smart, and they've been in the work force long enough to learn the system. At their age, they need both cash and recognition for continued motivation. I say, give it to them.

I have twelve employees with different needs and wants. If I need to motivate the teenage part timer, I throw some cash their way. For some, it comes in the form of a dollar an hour raise. Others, a fifty or hundred dollar bill tossed their way is good incentive for a job well done. Either way, today's youth want the money.

I have a couple of employees over sixty. They are great all around workers. I can count on them never calling in sick and never being late. Dependability and experience are two great employee assets employers lose out on when not hiring elders in the workplace.

By giving older employees both cash and recognition, I can count on them doing an even better job for the weeks to come. I don't see the old age of an employee when they come in to apply. I see the wisdom and ability their experience will bring to my workplace.

As for myself, I have always been motivated by praise versus the cash. Give me the pat on the back anytime over money. I want to know I am doing a good job and someone has taken the time to tell me. Communication when positive, is priceless. Parking up front and the Red Sox tickets would be nice too.

Learn more about this author, Cyn Lee.
Contact this writer Click here to send author comments or questions.


Below are the top articles rated and ranked by Helium members on:

Motivating employees: Is money or recognition more appreciated?

Recognition
  • 1 of 29

    by Lane Trawick

    Money is a very close second to recognition; but, it's still second. Studies have shown that appreciation (sincerely ...read more

  • 2 of 29

    by Cyn Lee

    Employee's lives come in all shapes and sizes, and so should the rewards given for recognition. In order for recogni...read more

Money
  • 1 of 31

    by Barry Williams

    Who are we trying to kid here? Think about it. You work to provide an income. Your firm is only going to pay you enou...read more

  • 2 of 31

    by Sean Curtis

    Recognition in the workplace is certainly wonderful. Everyone likes to receive praise for their effort and hard work....read more

Add your voice

Know something about Motivating employees: Is money or recognition more appreciated??
We want to hear your view. Write_penWrite now!

136374

Featured Partner

Single Global Currency Association

Single Global Currency Association has partnered with Helium, giving you the chance to write for a cause. Browse...more

What is Helium? | User Guide | Community | Link to Helium | Privacy | User agreement | DMCA

Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA