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39 comments

A Raise, but No Money

Posted August 31, 2011 7:47 AM

"People will never admit it, but money is not the thing they desire most from their work," declares an author in this IndustryWeek article, which discusses ways to motivate workers that don't involve raising their salaries. With corporate budgets so tight in recent years, has your company tried to replace monetary rewards with other ways of expressing their appreciation? If so, how satisfying have these substitutes been compared to a good old-fashioned raise?

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#1

Re: A Raise, but No Money

08/31/2011 8:41 AM

My Company is known to be a little on the cheap side, salary wise. They also have some bizarre HR policies regarding time off and punctuality. Most of us in the department feel like we're being treated like children. Pay is not tied to performance, so you never know if you'll be getting even the smallest increase; it's left to the Managers to decide who gets what. Not a happy environment.

The Company tries to compensate by sponsoring Company events, free to employees, like a Family Picnic, Open House, Christmas Bash, Employee Appreciation Lunches, that sort of thing.

A person who tells you that "money is not the thing they desire most from their work" is either lying to you or delusional. This person is afraid to move on or is stuck in his job because there simply is no other work. In these difficult economic times, Companies may realize this to their advantage.

All the Company sponsored freebies don't put food on my table or clothes on my back. The freebies don't pay for my mortgage or my car. They don't pay for my kids' education.

IMHO, NOTHING says "thank you" more than a substantial raise in pay, a raise more than the Cost of Living. A raise not only puts more money in your pocket, but your feelings of worth and self-esteem increase as well. You'll actually work harder because you KNOW the Company sees and appreciates all your efforts and is willing to reward you.

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#2
In reply to #1

Re: A Raise, but No Money

08/31/2011 9:09 AM

Here,Here

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#3
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Re: A Raise, but No Money

08/31/2011 11:03 AM

A person who tells you that "money is not the thing they desire most from their work" is ...
Usually someone at the top who sets their own salary.
And if it's not the big motivator, how come those *^%$£* bankers get away with those obscene bonuses while the rest of us squirm?

On the otherhand, I personally don't rate money at the top of my list, but then I'm semi retired and don't have a young family and a mortgage.
I could certainly do with a raise tho'.
Del

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#4
In reply to #1

What is "A Raise, but No Money"

08/31/2011 11:33 AM

I'll give that response a GA vote.

And just what does "A Raise, but No Money" really mean?

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#5
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Re: What is "A Raise, but No Money"

08/31/2011 11:41 AM

Once upon a time, first thing in the morning I'd have been able to tell you
Del

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#7
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Re: What is "A Raise, but No Money"

08/31/2011 11:56 AM

My wife HATES being woken at 5am. But it's only once a day, so she puts up with it.

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#6
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Re: What is "A Raise, but No Money"

08/31/2011 11:51 AM

Thanks!

I've been thinking, for several years now, of starting my own side business. Methods of earning fast, easy money are all illegal. I'm forced to pursue the more legal endeavours since I can't support my family while I'm in the Big House.

Welcome to YukTumBubbaloo Industries, a division of GigaMax Corporation, which is a division of IR Handyman Enterprises. I've yet to figure what I'll be scamming selling to people, but it's gotta be good to compete with the likes of LynDoor Ind and KrisDel Ent.

Stay tuned for the launch of my first new product...The Cranial Refractory Encapsulator.

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#8

Re: A Raise, but No Money

08/31/2011 10:33 PM

It would then follow equally that companies don't go into business for money.... and shareholders don't invest for gain....

a ridiculous pile of shyte.

sure job satisfaction is important... and so is fresh breath. but is a far cry from the importance of breathing, or of being paid proportional to value delivered.

Chris

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#22
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Re: A Raise, but No Money

09/01/2011 12:11 PM

We'll get into the Utopian Society of "Brave New World".

They can just give us our daily ration of soma and we'll be happy.

Anyone up for a soma shake?

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#23
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Re: A Raise, but No Money

09/01/2011 12:56 PM

Or perhaps "Soylent Green"?

"It's people!!..."

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#9

Re: A Raise, but No Money

09/01/2011 12:02 AM

Having been on the management side for many years, I would argue that it is important to at least pay the median salary of the industry sector, appreciate the work done, treat the employees as people or as you would like to be treated.

I have seen too high salaries be negative incentive to productivity, lock employees into their job, prevent them from being mobile, and tolerate abuse when they should not.

Too low salary and you motivate the good employee to move on. It is the final straw that breaks the camel's back. The grass is greener on the other side.

Median salary and due to inertia they won't move on, treat them well, publicly praise work well done, nurture a family culture, and you have life long employees.

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#10

Re: A Raise, but No Money

09/01/2011 12:06 AM

(And then there was the raise I got, it pushed me into a higher tax bracket, and the take home pay was flat for the year. Actually the first couple paychecks were less because at the higher income the deductions were front end loaded for the first quarter.)

Biggest raise I ever got was when the house was paid off. Next biggest was when the kids left home.

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#11

Re: A Raise, but No Money

09/01/2011 4:57 AM

My feet always seemed headed toward the best money I could get - working conditions were of little importance.

If I were to do it all again (retired now) would I do the same? YES

I saw many times how companies acted when it was to their benefit to let people go (or otherwise screw the over) so I never considered company loyalty as part of the equation.

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#14
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Re: A Raise, but No Money

09/01/2011 9:07 AM

...working conditions were of little importance.

I agree with you there. People will put up with a lot if the money is good. Your bit about loyalty is bang on, too. Be loyal to yourself instead.

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#12

Re: A Raise, but No Money

09/01/2011 6:49 AM

It is very important issue in every industry.In absence of 'real'appriciation industrial relations,between employees and management,subordinate and boss,among peers gets spoiled and can cause damage to working environment of the company.Motivation by money may not work every time.Now 'workers' are changing their attitude towards job satisfaction,which money alone can not provide.

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#13
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Re: A Raise, but No Money

09/01/2011 8:50 AM

I'm not sure I understand who these "workers" are, that you're referring to. For me... the amount of money that a company decides to pay me for my work provides at least 90% of my satisfaction.

Any satisfaction that is provided by non-monetary means is supplemental satisfaction. A company picnic, in lieu of a raise, is not going to pay my mortgage.

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#15
In reply to #13

Re: A Raise, but No Money

09/01/2011 9:11 AM

From the responses here, it appears none of us were asked to participate in the survey.

In my opinion, good old fashioned time off is a close second to good old fashioned money.

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#17
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Re: A Raise, but No Money

09/01/2011 11:19 AM

Yes, these results were from the 100 Republican CEO's of big Corporations surveyed.

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#36
In reply to #17

Re: A Raise, but No Money

10/26/2011 8:02 AM

Liberals like you never cease to amaze me. Are you telling me that there are not rich CEO's who are democrats? Life must be a lot easier when you always have someone to blame when things go wrong. Maybe the survey was answered by the CEO's and all the politicians involved in the Solyndra shenanigans. Your blame game has gotten old and nobody outside your group is buying it.

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#37
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Re: A Raise, but No Money

10/26/2011 12:47 PM

"Life must be a lot easier when..." people like you insult someone while signing into CR4 as an Anonymous Poster. Your blame game has gotten old. And Anonymous is cowardly when putting someone else down. Man up and show yourself.

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#39
In reply to #37

Re: A Raise, but No Money

10/31/2011 9:04 AM

Whoooa! hold your horses cowboy, anonimity has nothing to do with it, is "out of box" your real name and "experience" your address? My point was that political thought has no place in a forum like this, and was directed to "whomever Mr. Janissaries" is, at this point in time I do not know if is his first or last name, I could not care less, and obviously as stated by his last reply, he is deep into politics.

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#38
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Re: A Raise, but No Money

10/26/2011 1:19 PM

I'm not Liberal. However, since I'm not running a corporation, the Republican Politicians aren't my friends.

Next time you accuse me of being Liberal I think you should take some time researching the History of the Republican Party. You might learn somethings you won't like learning about, that is unless your selective in what you want to learn.

I'm not knocking the Republican Voters, the Voters are sincere in what they are about, the Politicians are not. What the politicians spew is nothing but a smoke cloud. In the mean time they are catering to the corporations.

Case in point: While Bush Jr. was in office, he stated that he was going to veto every bill that comes before him until he gets a bill that addresses overtime. He made it available to employers to avoid having to pay overtime by allowing comp time instead. To those of us working on an hourly wage, many of us need that overtime. We're not getting pay raises to keep up with cost of living increases. That stunt of Bush's is an outrage. Lucky for us working stiffs, employers are reluctant in putting it into practice.

Or maybe I should educate you in the crimes against humanity the Republican party is guilty of before Germany started their Nazi Party. Republican Organized terrorist groups, KKK Resurrected, Silver Shirts, American Legion:

KKK and Silver Shirts terrorized and killed minorities in the 1920's.

American Legion was formed to squash Labor Unions.

Eugenics - Republican backed practice - Each state has 4000 cases of eugenics performed with the exception of California with 38,000 cases. Bush Sr. was promoting eugenics as late as 1968.

Operation Paperclip: Here's a doozy. Maskng the records of Nazi War Criminals and immigrating them to the USA. Bush Sr. had one of these guys on his campaign staff in 1988 who was exposed. That guy was immigrated here by Bush Sr. and his Daddy Prescott.

Westboro Babtist Church - They are a bunch of fools. I think they are nothing but a bunch of disenfranchised liberals.

Liberal Group in Washington called Ground Zero - They shove their kids in front of moving cars to stop traffic while protesting a train going into Bangor Subase because they think it has Nuclear weapons on it.

When I think of a Conservative I think of a Farmer, who is able to fix everything he owns and will give you the shirt off his back. They don't even come to these forums because it's non-productive.

When I think of Liberals I think of someone that gets a job where they won't have to get their hands dirty or perform manual labor. Someone that is focused on saving trees with no regard for the consequences and complains about prices going up on the very same items they dedicated their lives to protect.

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#34
In reply to #13

Re: A Raise, but No Money

09/03/2011 8:29 AM

To some ,even to large extent ,money is good tool to provide job satisfaction,but for that too,the employer should have guts to appreciate the right one.There are various pressures management need to consider before arriving at the 'right' person,some of them are pressure from workers union,pre decided quote system,level of appreciation in similar industries,personal opinion by manager deciding award and many such things.This I have learnt from my 40 years of experience in industries ,including small,medium and large scale ,and on unionised ,supervisory and managerial levels.

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#35
In reply to #34

Re: A Raise, but No Money

09/03/2011 12:27 PM

I think job satisfaction is different for each person... just as happiness is.. but it is basically a risk vs. reward matrix... one thing to note (in green) is that learning occurs no matter what.. and is always a gain. When my kids were thinking about going to college, and couldn't decide what to take... (and many kids don't go because they can't decide) I pointed out that it didn't matter what they took... learning is continuous no matter what, and schooling is an accelerator.. and that basically the more education you have, the more choices you have.. there is no down side to any education... if you decide later that your courses don't really represent what will provide you with satisfaction... then simply take another course.. there is no loss; only gain. learning is never a risk; it is unavoidable. you can lose your money, your family, your mind... but it is pretty hard to lose your learning. because this is the purpose of life. you do take this with you when you go.

I don't know if I need ot explain any of my matrix... as I do consider learning a spiritual gain.. but if I kill someone, I can definitely lose it spiritually (breaking the golden rule).. but not lose the learning.. etc.

The job I have now is poorly paid, but huge in learning... so I am more satisfied to do this for a year or two.

Chris

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#16

Re: A Raise, but No Money

09/01/2011 9:51 AM

You are absolutely right ! we will never admit it.

Looks like all industrial philosophies in vogue this days try to push a servant attitude into your head, and still make you happy by confering you a "sense of ownership", whatever that means.

In my country it is illegal that employees give away part of their salaries for company porpuses, like the "employee of the month" gifts; I started a process for authorizing, purchasing and delivering of such prizes (on our maintenance budget), but when HR saw the goods, quickly confiscated and locked them.

Everybody went back to collecting from their pockets to do the awards, wich is allowed by HR...

I'm convinced that nothing encourages you the most and makes you give the best from you, than a raise.

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#20
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Re: A Raise, but No Money

09/01/2011 12:01 PM

It all depends on a persons situation.

If you're making enough money that all the bills are paid and you're able to put a little away in savings then a raise isn't as effective as a motivator.

When you're getting paid enough then it comes down to performance recognition.

However, when a person is living from paycheck to paycheck and can't really do anything recreational and one interrupted check wrecks havoc on their economy at home and they really don't have any extravagances, then money and a raise is and always will be the object in their lives.

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#18

Re: A Raise, but No Money

09/01/2011 11:29 AM

I guess I will be the descenter here and agree with the OP. Money is not the prime motivator for me. As long as the bills are paid and there is some left over I'm OK. I can get the same money down the street at the next company any time I want. What matters to me is being treated like a professional and like an adult. Having to punch a time clock for example would drive me nuts. I know what has to be done and when. If I have to put in a few hours past quitting time I will and if it is a slow week I like to be able to quit early, or take a 2 hour lunch without anyone questioning it. If I'm allowed the later then I won't hit you up for overtime when the former happens. Control over how, where and when I get the job done is more important to me than a few extra bucks on the pay check.

A perfect example was a job where I ran a staff of about 60 young workers. We had a relaxed work place and I didn't watch the clock as far as starting time went. I knew this irked my boss and she was planing to put a stop to that so I was watching when people left the office and I found i was getting about 200 hours of unpaid (unrequested) overtime from my staff. They liked the place, they liked the work so we usually hung around the office way past quitting time and made sure the job was running on schedule or even ahead of it. Sure enough one morning the bitch boss was waiting at the door with a flippin stop watch. She informed each of my staff exactly how many minutes AND SECONDS they were late. Poof ....200 hours of extra work/week was gone in one sweep of the second hand. They didn't want any pay for those hours they just wanted some control over their own life.

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#19
In reply to #18

Re: A Raise, but No Money

09/01/2011 11:45 AM

Thank you, Apothicus!

While being cash flow positive has to be the overriding factor, once that happens, things I put ahead of cash are (in no particular order):

Respect.

Honesty.

A sense of being needed.

A sense of being wanted.

Interesting work.

Flexible Schedule.

I am "below market" right now, but I'm comfortable. I consider myself lucky to have the above things (although the schedule could be a little *more* flexible) and I hope it lasts...

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#21
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Re: A Raise, but No Money

09/01/2011 12:08 PM

I believe what I'm about to write will be in contradiction to what I just wrote a couple comments above. And I think these last couple comments have made me realize that there is a litmus test for the answer to the question posed by the OP.

First... if I was paid below what I believe I deserve (which has happened often), unless the disparity was extreme, I would continue working there.

On the other hand.... if I was making a salary I was comfortable with, but... I had none of the other items that RufusVS just listed in the comment above (Respect. Honesty. A sense of being needed. A sense of being wanted. Interesting work. Flexible Schedule) .... I'm almost certain that I would quit that job.

Put in that context, my answer now surprises me. But I guess it's true.

But the caveat is that that list as a whole cannot be done without. But I could probably tolerate it if one or two items were missing.

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#24
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Re: A Raise, but No Money

09/01/2011 1:09 PM

I read a case study on a company that did everything for the employees. They provided one site daycare, a place for employees to take a nap, paid them premium salaries, liberal with employee recognition.

All that, and they were experiencing some of the highest employee turnover because the employees were leaving for jobs with less to offer the employees including pay cuts. They felt all the incentives were too much.

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#25
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Re: A Raise, but No Money

09/01/2011 1:10 PM

Then again, maybe it was an attempt to brainwashing me into thinking that less is more for the employees.

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#31
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Re: A Raise, but No Money

09/02/2011 9:45 AM

Do you recall where you read that? I'll take a job there!

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#32
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Re: A Raise, but No Money

09/02/2011 11:04 AM

It was in one of my texts for a business class that I took in 2005 I think.

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#28
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Re: A Raise, but No Money

09/01/2011 9:00 PM

I think you see my point in (9).

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#26
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Re: A Raise, but No Money

09/01/2011 1:16 PM

Those items are automatic I have found - if one is capable of doing the job.

Been many years since I punched a time clock - maybe 40

Been about that long since I worked in anything except management as well.

One saying I have repeated many times is, 'Call me anything except late for pay'.

Hours - I always ended up stretching the 40 hour week to 60 at a minimum and often 80. No problem as things needed to be done.

Company picnics are a pain in the butt! The 'get togethers' for 'bonding' I always consşdered BS. I bonded with good employees on the job and made sure they did OK or better.

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#33
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Re: A Raise, but No Money

09/03/2011 12:35 AM

omg - i worked once for a company that was always (it seemed) having employee appreciation dinner, project completion celebration dinner, Christmas dinner .. on and on.

It was always an event OUTSIDE of normal working hours. Want to thank me for a job well done? Give me some time off! Give me a celebration LUNCH. Don't add time to my workday, since all these evening "festivities" are REALLY an extension of my workday.

Pay is NOT the MOST important thing to me, not gross pay, anyway. The $/Hour pay ranks pretty high up there, though.

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#29
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Re: A Raise, but No Money

09/01/2011 9:01 PM

ga!

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#27

Re: A Raise, but No Money

09/01/2011 1:55 PM

This is kind of fortuitous. I had been following this thread and really didn't know which side I fell on. I kind of figured it was money but the idealist in me wanted it to be pride in the job done.

A little while later my supervisor came in and said that they were really happy with my work and what we've accomplished so far. After he said that, which was really nice, he said I was getting a raise. This was totally came from nowhere. As much as telling me made me I was doing a great job felt good. It didn't even come close to being able to call my pregnant wife up and let her know about it.

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#30

Re: A Raise, but No Money

09/02/2011 3:44 AM

"There are some things that money can't buy. But have you ever tried to buy them without money?"

--Ogden Nash

I can only guess the context; he also said, "Candy is dandy, but liquor is quicker."

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In vino veritas; in cervisia carmen; in aqua E. coli.
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