The combined effect of both inflation and how far the dollar goes has changed how employers can motivate their employees through financial means. It is no longer very motivating to work more than forty hours a week and receive minimal pay. Today, employees expect all sorts of financial motivation for their hard work, such as: bonus pay, time off pay, sick leave, insurance benefits, and compensation benefits. Some companies even reward their employees through stock in the company. Fifty years ago, none of that was even a consideration. Employees were expected to take a minimal pay for an extreme amount of work. The effect of this financial motivation has drastically changed how companies and managers can motivate their
The combined effect of both inflation and how far the dollar goes has changed how employers can motivate their employees through financial means. It is no longer very motivating to work more than forty hours a week and receive minimal pay. Today, employees expect all sorts of financial motivation for their hard work, such as: bonus pay, time off pay, sick leave, insurance benefits, and compensation benefits. Some companies even reward their employees through stock in the company. Fifty years ago, none of that was even a consideration. Employees were expected to take a minimal pay for an extreme amount of work. The effect of this financial motivation has drastically changed how companies and managers can motivate their