Why Do You Need "Carrot Secrets (ePub)

We do not discuss special attractive benefits worth seven figures or more for economically minded people. We just want to talk about small "carrots" or in other words, recognition of employee achievements. It is those "carrots" that will make it difficult for your employees to leave you. Consider the following: Anyone can give up a good job without regret for a better opportunity. They are willing to give up a new car or a comfortable office to join a company where they can maximize their abilities and be properly recognized.

Daniel Horne, Dean of Marketing at Providence College, said: "Having free words or modest rewards can contribute to creating a work environment that many people want to stick with. At the same time, there are also many real and invisible costs that the company must bear when Icon of Gostick & Elton's series of books on the topic of Employee Rewards. A good employee quits their job, especially the consequences that result from their departure."

Yet we rarely see managers proactively thinking about the effectiveness of recognizing employee achievements. What are the results? Consider the following example:

At a mining company in the Northwest, there was a marketing specialist who had only been working for a few months. He is truly a good professional, very creative and has great enthusiasm. But then he decided to leave after just a few short months. We met and talked with him.

This expert admitted that the salary at the new company was not better, he also had to move his whole family to a new place thousands of kilometers away. But in his new workplace, he feels more appreciated. It turned out that was the source of his decision.