You always hear CEOs need big bonuses to keep them motivated, but never that employees do.
When I slashed my CEO pay and doubled our min wage, I stayed motivated because I'm still well-off and care about my work. Employee motivation soared because they didn't fear going broke.
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We discovered higher pay doesn't suddenly transform people into better employees. But when you remove money as an obstacle to life, they can bring their full selves to work.
There's tons of research on this. It's a shame more companies don't realize the benefits of higher pay.
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@DanPriceSeattle @NicolleDWallace I'd be really interested in an interview with Dan. He's got a great solution.
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@DanPriceSeattle I can appreciate the not going broke part but may have also been highly motivated because they see that they are valued. More CEOs should follow your lead.
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@DanPriceSeattle Cause you’re a good human and I bet an amazing boss. ♥️ I would have done the same ♥️
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@DanPriceSeattle Man. Put some extra money in every workers check, those guys and gals will love it. Complain about work? Nope. They’ll work harder cause you showed you appreciate them.
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@DanPriceSeattle workers don't even need bonuses to keep them motivated. they just need their ceos not to receive bonuses.
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