The second part of my Blog shows how a outdated pay structure does very little to motivate your employees. Think about it, you created the business, it is your burning desire. It would be safe to say that most of your workers do not feel the same passion about working their jobs. It's ok, if it is not their passion. That is where you have to get creative in your pay structure. They are there to make you money, but for 95% of them they are there to make themselves money. Support their families.
I do not appreciate hourly pay scales simply because they were created over a hundred and thirty years ago. When workers had very little, if any, say in their salaries. I think it should be a bit different in today's society. Any good leader knows how to ultimately motivate an employee, you show them a difference in their pay. That increases productivity. Replaces the hourly scale with either salary plus commissions, or salary based on production would help in most jobs today.
Lets take a simple example, a cashier, she works 40 hours a week and is paid eight bucks an hour. She is going to go to work everyday, waste her forty hours for the same pay that she would make whether she works hard or slacks off, where is the motivation. People are usually lazy so we must always be properly motivating them otherwise they fall into ruts of uselessness. Now if you pay that same cashier the same 16,640 dollars she is making already every year, but throw in the option of bonuses for customer compliments, and every new credit card they get opened. Then you inspire your worker to push to make an impact on the customers every single day. Because that motivation is there every hour of her shift.
Make it easier to please your employees and keep them motivated, happy and wealthy. The more extras you offer them to be able to achieve the more they will increase their production.
It is simple supply and demand.
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