Today we are talking about Idea #4 to help you manage people even better, which is: Rewards & Punishments.
The best tools you have in your arsenal for managing people are rewards and punishments. The fear of punishment and the aspiration of a reward are the foremost sources of motivation for most people. You need to use them according to the situation. Make sure there is a balance between rewards and punishments. None of your employees should feel unfairly treated. Using rewards and punishments perfectly can help in managing people even better.
Punishments are often linked to low productivity and employee morale but can eventually get the work done. An example is when you issue a written notice or cut the salary of the employee, it becomes a tangible punishment.
As for rewards, a pat on the back or a word of encouragement is an intangible reward. Giving someone a bonus (which can be money and a gift certificate for a nice dinner for two, for example) is something tangible.
Tune in tomorrow for idea #5 to help you manage your team even better.
Subscribe to my high-value proven business success tips and resources Blog (https://www.accountabilitycoach.com/blog/)
Take advantage of all the complimentary business tips and tools by joining the Free Silver Membership on https://www.accountabilitycoach.com/coaching-store/inner-circle-store/.
Want more from The Accountability Coach™, subscribe to more high-value content by looking for me on https://www.accountabilitycoach.com/my-podcast/ and on most podcast platforms and in most English-speaking countries, or by going to https://itunes.apple.com/podcast/accountabilitycoach.com/id290547573.
Go to https://www.accountabilitycoach.com to check out for yourself how I, as your Accountability Coach™, can help you get and stay focused on you highest payoff activities that put you in the highest probability position to achieve your professional and personal goals, so you can enjoy the kind of business and life you truly want and deserve.
As an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance.
Check out my proven business accelerator resources by going to https://www.accountabilitycoach.com/coaching-store/.
Aim for what you want each and every day!
Anne Bachrach
The Accountability Coach™
If you get value from these Accountability Minutes, please take a minute to leave me a short rating and review. I would really appreciate it and always love to hear from you.
Published on 1 year, 5 months ago
If you like Podbriefly.com, please consider donating to support the ongoing development.
Donate