When it comes to motivating your employees, there are two main methods of achieving high levels of productivity: the carrot and the stick. Whilst using the ‘stick’ method typically sees workers having to meet specific KPIs (key performance indicators) or risk facing the sack, losing a portion of their bonus or working overtime to deliver what you need, the ‘carrot’ method instead provides workers with specific rewards. These rewards may be end of year bonuses after annual reviews and smaller incentives throughout the year. As suppliers of many reward-based corporate hampers, we thought we’d take a look at why the carrot method of motivation is proving to be so effective in the workplace.
Guidant Financial’s 8th annual Office Olympics were celebrated this past week. It’s an event that consistently brings our teams together by promoting intra-company friendships through healthy competition and some ridiculousness.
This year’s theme, “Time After Time” covered some of the most famous eras of our past, present and future. Each day, a new challenge was brought to the table for a chance to win points. The top three teams with the most points at the end of the week were awarded with gold, silver, and bronze medals (as well as Amazon.com gift cards).
Day 1: Tango of Time
On day one, after the opening ceremonies, the competition kicked off with Tango of Time, also known as musical chairs. Choosing one valiant member from each team, nine individuals went head-to-head as the sound system belted out tunes themed to “time.” Teams also had a chance to earn spirit and style points, which lead to some creative dancing and intense cheering.
For any business owner, sustainability and growth are always top of mind. You want to invest in growth while realizing a positive return. As you contemplate your long-term goals, here are the top three investments to consider:
1. Technology infrastructure – It’s important to operate off a scalable technology platform – one that enhances employee performance. Because technology impacts every sector of your business, it’s important that it provides a simple and flexible experience for your team members so that they can maximize efficiency.
Keeping up with cutting edge trends that you can implement first in your industry is a great way for your company to stay ahead of the curve and stand out. Don’t be afraid to take risks!
Improving and building team spirit is an essential part of business growth, more so for small enterprises. The main challenge to a business leader is to encourage the team members to bond, readily share relevant information and work together towards pushing the business brand forward. Small enterprises mostly do not have resources at their disposal to cover employee redundancy, therefore employees should be aptly encouraged to work together and market the company. The employees should readily engage in promoting and sharing of the company’s vision and mission.
By David Nilssen, CEO & Co-founder of Guidant Financial
Actually—happiness is in empowering others, which comes naturally when you’re the boss.
Think of it this way: in an orchestra, the conductor is the most powerful person yet he or she makes the least noise. The conductor infuses others with opportunities to make beautiful music.
Being a small business owner isn’t so different. It’s a gift to be able to develop the raw talent in your employees and push decisions downstream. When you harness their capabilities, you not only encourage them to grow; you strengthen your organization as a whole.
I’ve seen this time and time again at Guidant.
Here are four important things to consider when hiring your staff:
- Hire, train and fire based on your values. Once you establish the values of your organization, it’s important that those hired actually live and demonstrate those values. If they can’t, won’t or don’t—move ‘em on out. They could be an amazing fit for another business and won’t undermine the type of culture you want. (more…)
We have A LOT to be thankful here over at MyCorp – it has been an awesome year, and it has been an absolute blast helping small business owners turn their dreams into an actual business. While we could go on and on and on listing all the people and groups we want to say thank you to, that wouldn’t make a very interesting blog post. Instead, we’ve narrowed the list down to our top five. (more…)
As another holiday season is upon us, it’s important to remember everyone involved with your business, and recognize their contributions in a meaningful way. In short, acknowledge the team of people that make it possible to run a successful small business. Here are some simple ways you can recognize their contributions: (more…)
Bosses. Everyone’s had one, if not more. Finding effective ways to communicate with your boss is paramount regardless of what industry you are in. Of course, not everyone loves their boss, thus making communication difficult. Thankfully, we here at MyCorp are led by a pretty awesome team. However, we know not everyone can be as lucky as are. So what are the most effective ways to communicate with your boss? Why does it even matter?
First of all, open lines of communication are essential to any successful business. Think of communication as water in a pipe line, if not water is flowing there is bound to be a buildup. This buildup will eventually burst causing severe damage. Let that water flow! It may sound easier said than done, however keep in mind the following tips and you should be smooth sailing. (more…)