The 3 Things More Important to People (Staff) Than Money (P.R.A) [Business, mindset, entrepreneur, disruptors]
Welcome to another episode of the The Disruptors Podcast.
In this episode Rob discusses the three things in business that are more important to people than money and how you too, can embrace these things and bring them to your staff and employees
The three things that are more important to people than money are:
Progression - This has to be lead by you, and staff need to feel like they are progressing their career, help to progress their knowledge, personal development, experience and salary. When there is no hierarchy or path, people can't see the progression, They can't see where they will be challenged and learn new skills. Progression can simply be a change,
Recognition - Nearly all the issues in a company can be down to recognition, a lack of recognition can cause unhappy staff, de-motivation, gossip and sabotage. Ensure to recognise and praise everyone even those that aren't the star employees. Become a perveya of love, recognition and praise, because people need it.
Autonomy - No-one wants to be micromanaged, smart people want to be given a little too much to do, and that’s to challenge them. Make sure they have the resources to do it and then the trust, faith and autonomy from you to step up to the plate and over deliver. If you don't have people motivated by that you're surrounded by the wrong people.
KEY TAKEAWAYS
- If you give your staff Progression, Recognition and Autonomy you can pay your staff up to 20% less, as they will be fulfilled in their roles.
- Money is 4th on the list of most important things for people, if you give them Progression, Recognition and Autonomy they will be happy and motivated.
- Give a path to everyone you influence, customers, clients, followers and fans, friends and family. Give them a route to progress, personally, professionally and financially.
BEST MOMENTS
- “If you don't trust them, don't hire them”
- “Hiring smart people is an investment in your company”
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"What's the point in hiring someone smart, and then getting in their way, hire smart people and get out of their way" Steve Jobs
- “You can earn and do more in less or your own time”
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979