Comments on: How to Get Your Employees to Own Their Job, Not Just Do It http://biggsuccess.com/2008/09/18/how-to-get-your-employees-to-own-their-job-not-just-do-it/ Life On Your Own Terms Mon, 13 Feb 2012 00:01:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: George & Mary-Lynn http://biggsuccess.com/2008/09/18/how-to-get-your-employees-to-own-their-job-not-just-do-it/comment-page-1/#comment-3053 George & Mary-Lynn Fri, 19 Sep 2008 20:59:49 +0000 http://biggsuccess.com/?p=1248#comment-3053 Great point, Ken. Carrots definitely help as well as defining the expected results. Thanks for adding to the post! Great point, Ken. Carrots definitely help as well as defining the expected results. Thanks for adding to the post!

]]> By: Ken Pirok http://biggsuccess.com/2008/09/18/how-to-get-your-employees-to-own-their-job-not-just-do-it/comment-page-1/#comment-3040 Ken Pirok Thu, 18 Sep 2008 21:43:18 +0000 http://biggsuccess.com/?p=1248#comment-3040 You may also choose to pay or otherwise reward your employees as if they own their positions. Some business-owners create a structure where incentive pay or rewards kick in when employees do a good job and contribute to the bottom line. Other businesses give their employees some amount of actual ownership in the business, or they help or encourage their employees to buy in. These strategies allow employees to share in the financial successes, and they may even make financial success more likely. But, this can be a bit of a balancing act. On one hand, you probably want to tie incentives to the bottom line; you only share your profits when your business actually has profits to share. On the other hand, sometimes a single employee contributes to your overall financial success by doing a great job in their corner of the office-despite what the others are doing or regardless of whether the business makes a lot of money that year. Be sure to find a way to reward this person too. You may also choose to pay or otherwise reward your employees as if they own their positions.

Some business-owners create a structure where incentive pay or rewards kick in when employees do a good job and contribute to the bottom line. Other businesses give their employees some amount of actual ownership in the business, or they help or encourage their employees to buy in. These strategies allow employees to share in the financial successes, and they may even make financial success more likely.

But, this can be a bit of a balancing act. On one hand, you probably want to tie incentives to the bottom line; you only share your profits when your business actually has profits to share.

On the other hand, sometimes a single employee contributes to your overall financial success by doing a great job in their corner of the office-despite what the others are doing or regardless of whether the business makes a lot of money that year. Be sure to find a way to reward this person too.

]]>