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From an employer point of view you have to look at the many variables that determine whether an employee will actually produce more bang for your buck.
If a person is generally lazy it doesn't matter how much you pay them they will not produce more work for your money. An employee who has a good work ethic, a good attitude and is someone you think will benefit your company in the long run, that person will always give you a good return on your investment. They're the type of person who is determined to succeed regardless of where they work or who they work for.
Paying an employee more money to increase production is more often than not a poor solution. At least not on its own. Rewarding employees with bad morale will produce short term results, but most will soon fall back into the same old rut simply out of habit. Do people produce more work when they get a raise? Some do but unfortunately the majority don't.
Cheap bosses are only part of the problem.
If you're an employer who is cheap and can't see the benefit of treating your employees with dignity respect by paying them what they're worth, your company will be filled with people who have negative attitudes about work, the products or services, their pay and company management. You will hear comment like "I don't get paid enough to do that" or "Why should I do that, so and so makes more money than I do"
Often the source of the problem is not with the employees but with management. Some employees produce lousy work because they work for a lousy boss. A few attitude changes at the top will go a long way in bumping up production all the way down the line. Granted once in a while you will get stuck with a lazy slug, who hates working and will never produce his fair share of work, no matter how good you are to them or how well you pay them.
Management attitude.
If employers really understood how much money they would save by not having to retrain new employees, they would put more effort into keeping the ones they have happy and well paid. Everyone likes a boss who treats them like an important part of the process instead of just another number.
Increasing production naturally.
So how do you increase production without going broke? Getting more involved and interacting in a positive way with your employees is an excellent way to gain respect and trust. Employees that trust and respect their boss will be more willing to produce the work required of them. Become the boss everyone likes to work for. Be generous and pay them what they're worth, it will pay off in the long run. Show genuine care about your company and the people you employ.
Yes, people need to be paid fairly, but just dishing out more money in an attempt to increase production without cultivating an excellent employee employer relationship, is just a waste of time and money. The results will be short lived and at best will only produce mediocre results from a few good workers. The rest will continue to fall into the same old ruts and poor work habits.
Learn more about this author, Ron Beauchamps.
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