Why People Really Work

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Scenario: "Dude, to keep our superstars, we better pay them more -- or Computers-4-You down the street will snatch them up with higher pay. Yay!" Common sense says that you keep the biggest, brightest, killer-est stars by paying them spectacular bonuses, pay packages, benefits, rock star privileges, etc, etc, etc. Yet, common sense -- like most always -- is crazy wrong. Yes, you'll need money to attract people, but it won't retain and ignite your people.

People want something more.

They want meaning. They want to believe the company's doing something amazingly influential. That's how starving philanthropies keep their superstar players. That's how badass startups to ridiculously purposeful Fortune 500s attract and retain A players, as well. Says Stanford's Jerry Pfeffer:
People do work for money, but even more for creativity, challenge, fun, autonomy or whatever personal factors give their working life meaning. A company cannot buy loyalty and commitment with money alone.
The moral to end your fabulous week:

Just incorporate some gosh-mother-$^@%$@ meaning into your company, and watch your people soar higher than an mother-$@^%^% eagle.


Have a great weekend, y'all!

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Posted on September 22

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