Honest business question. - GoFuckYourself.com

Rob · 09-17-2005, 09:04 PM

Do you pay your employees more than the standard and hope that it motivates them to perform or do you pay them less and expect them to go above and beyond to make more money?

I'm curious about this.

Gungadin · 09-17-2005, 09:05 PM

I'm a "pay for performance" type of guy...

Sosa · 09-17-2005, 09:05 PM

I pay myself cheap. Better for tax reasons.

LiveDose · 09-17-2005, 09:10 PM

I understand the question and don't think under paying ever motivated anyone, especially when they find out that their peers at other companies make more for similar work. I always paid very well and also expected more from employees and they knew that.

psili · 09-17-2005, 09:16 PM

As an employee - I've left jobs that pay more for jobs that pay less because of the environment I have to work in.
Money isn't everything.
And a comfortable place of employment that doesn't quite pay as much as an uncomfortable place that pays more is worth it, in my opinion.

rickholio · 09-17-2005, 10:07 PM

I've always paid competitive baseline, but offered bonuses for performance. According to an article in today's Globe + Mail, that's apparently the way a lot of other places are going as well.

Makes sense to share the benefits if someone goes the extra mile, puts in the time and the company reaps the reward.

Pleasurepays · 09-17-2005, 10:10 PM

Quote:

Originally Posted by HighOnAcid

Do you pay your employees more than the standard and hope that it motivates them to perform or do you pay them less and expect them to go above and beyond to make more money?

I'm curious about this.

money does not motivate the wrong people to do the right things. more money is not necessary when you hire the right people who are intrinsically driven to do better at everything. it would really depend on what they are doing and how fair incentive systems could be set up to evenly and fairly reward those who excel and not those who don't.

but paying people more money wiht the idea that it will motivate them to do better is a VERY bad idea. it will never work. better to fire those people and keep looking for replacements.

Doctor Dre · 09-17-2005, 10:14 PM

Offerign a good base + bonus for performances, and creating a good work environement is the way to go

Antonio · 09-17-2005, 10:18 PM

it's a bit more complex than that, in a few words:
for your unskilled employees money is the best motivator;
your skilled employees not only need to be paid well, they need to find the job challenging;

Serge Litehead · 09-17-2005, 10:23 PM

don't overpay or else it will get them spoiled fast
performance benefits are cool though

09-17-2005, 09:04 PM	#1
Rob I'm a great bowler. Industry Role: Join Date: Nov 2003 Location: Right Outside of Normal. Posts: 13,309	Honest business question. Do you pay your employees more than the standard and hope that it motivates them to perform or do you pay them less and expect them to go above and beyond to make more money? I'm curious about this. __________________

09-17-2005, 09:05 PM	#2
Gungadin Confirmed User Join Date: Aug 2005 Location: O&A PARTY ROCK Posts: 444	I'm a "pay for performance" type of guy... __________________ The GFY popularity contest scoreboard

09-17-2005, 09:10 PM	#4
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	I understand the question and don't think under paying ever motivated anyone, especially when they find out that their peers at other companies make more for similar work. I always paid very well and also expected more from employees and they knew that. __________________ Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

09-17-2005, 09:16 PM	#5
psili Confirmed User Join Date: Apr 2003 Location: Loveland, CO Posts: 5,526	As an employee - I've left jobs that pay more for jobs that pay less because of the environment I have to work in. Money isn't everything. And a comfortable place of employment that doesn't quite pay as much as an uncomfortable place that pays more is worth it, in my opinion. __________________ Your post count means nothing.

09-17-2005, 10:07 PM	#6
rickholio Confirmed User Industry Role: Join Date: Jan 2004 Location: Nor'easterland Posts: 1,914	I've always paid competitive baseline, but offered bonuses for performance. According to an article in today's Globe + Mail, that's apparently the way a lot of other places are going as well. Makes sense to share the benefits if someone goes the extra mile, puts in the time and the company reaps the reward. __________________ ~

09-17-2005, 09:05 PM	#3
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	I pay myself cheap. Better for tax reasons.

09-17-2005, 10:18 PM	#9
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	it's a bit more complex than that, in a few words: for your unskilled employees money is the best motivator; your skilled employees not only need to be paid well, they need to find the job challenging;

09-17-2005, 10:23 PM	#10
Serge Litehead Confirmed User Industry Role: Join Date: Dec 2002 Location: Behind the scenes Posts: 5,190	don't overpay or else it will get them spoiled fast performance benefits are cool though __________________ SilverCrocodile.com Adult web design since '05