Tuesday, October 8, 2013

The Color Of Money

Rather than redesign the function or improve the support system to make the work more palatable, it's much easier to just offer fantastic pay.  - Jim Brennan


A penny saved is... a big bonus?
I find few things more interesting than our reaction to money. Notice I didn't say money, itself. So much of what we are, both as individuals and how we navigate through our days at work are influenced - or even dependent - on the symbolism of the money, or lack thereof, circulating all around us both at work and when we return back home. No matter how much it is or isn't, money colors everything.

No surprise, then, of the emotional content of any discussion about money at work. When our employers give us five dollars, what we really notice is who got four seventy five, who got five and a quarter, and of course - whySelf esteem, belonging, worth. Fascinating stuff! And all of it colored by our reaction to money.

One of the best writings on money I discovered just recently, and what I appreciated was how humble the author chose to be. Money's not always the answer for greater staff performance and Jim Brennan knows it. How many chances do we have to witness this honesty from other professions, and our own?

We keep tossing more money at people and jobs that we know evidence clearly shows
Thinking outside the cup.
more money can't improve. Yet, why? Readers of The Citizen will recall The Real Bass, highlighting perhaps the largest, most rigorously scrutinized study by Gallup of the 12 elements of great managing - what the best workers, in all industries, will both want and need, to keep being the best workers. Readers will recall that money was no where to be found on the list, in addition to this list being uniquely applicable to the best - as opposed to mediocre - workers. 

How success is defined is always open to discussion and what successful people look like in a domestic staff setting will always be, as well. Perhaps the sweetest list of behaviors which define successful workers found its way into my inbox this morning and I, delightfully, re-shared the list on LinkedIn, Simple Daily Habits of The Delightfully Successful. Focusing our efforts on helping others isn't just a cliche' or some kind of noble charity work, it's actually pretty good work, itself, and that which I believe defines success more so than your "salary requirements," number of direct reports, or operating budget. 

But, as I said, it's all open to discussion - and I'd be equally interested in hearing about your list for success at work.

Congrats to Compensation Cafe and to all those as fascinated with the color of money and with what really makes a good workplace - a good place to work.