I recently read that employees, by a wide margin, prefer recognition for their work and contributions over bonuses or financial incentives. This seems counterintuitive, but there is a strange truth about what motivates humans in life: we want to know our work is meaningful and appreciated. This isn’t to say that money isn’t important. There are limits to this idea. Very few people would go to work every day in order to receive nice words and encouragement. However, one of the areas where employers often fall short in motivating their people is totally free in terms of cash cost. This idea isn’...
