As you’re pondering year end employee moves and possibly whether to give a year end bonus, there’s a good post on employee motivation done by Nadia Goodman at entrepreneur.com.
Nadia, citing some psychological research, says that money’s important, but there are others, primarily autonomy and job satisfaction, that are vastly important in an employee deciding to work for you.
We’ve always found that the honesty that you display towards employees is also an important factor; we just counselled one of our Solutions Forum members that it might be ok to go light on Christmas bonuses because of expected economic conditions next year.
Here’s the link to Nadia’s post: http://www.entrepreneur.com/blog/225041