Raise the Bar, Not the Sacrifices! Why Sacrifices Don't Equal Engagement?

The question of how to get a raise is a constant topic of conversation for employees. While some might envision drastic measures like skipping lunch or working through the night.

The LendEDU conducted an online poll and collected responses from 1,238 employed U.S. residents on 16 questions related to an immediate 10% annual raise in salary if they agreed to the respective sacrifice. Some of the responses received were –

• 40.06% would give up dental care for the next five years

• 53.55% would give up all social media accounts for the next five years

• 88.61% would give up watching Game of Thrones for life

• 43.86% would give up exercise for the next five years

• 73.42% would give up all alcoholic beverages for the next five years

• 50.65% would give up watching movies for the next three years

• 55.9% would work an extra 10 hours per week for life

• 15.27% would give up all of their vacation days for the next five years

• 47.74% would give up all caffeinated products for the next two years

This survey offers a glimpse into employee desires, but it's important to look beyond the surface. While some sacrifices might seem humorous, they reveal a deeper yearning for:

• Work-Life Balance: Giving up weekends or social media points to a desire for clearer boundaries and more time for personal pursuits.

• Meaningful Work: Trading movies or hobbies for work hints at a need for work that feels purposeful and engaging.

• Financial Security: The willingness to give up health insurance reflects a desire for financial security and stability.

Here's why these sacrifices should be a red flag for any business leader:

• Low Morale and Engagement: Employees willing to give up hobbies or social connections likely feel disconnected from their work and the company.

• Burnout Risk: Sacrificing sleep, exercise, or work-life balance for a raise indicates employees are pushing themselves to the limit, potentially leading to burnout.

• High Turnover: Disgruntled and stressed employees are more likely to leave for a better work environment.

Instead of waiting for employees to reach a breaking point, proactive HR practices can address these concerns. While competitive salaries are important, a well-rounded compensation package can address employee needs in a more holistic way. Here are some strategies to consider:

• Flexible Work Arrangements: Offer remote work options, compressed workweeks, or flexible start/end times to promote work-life balance and autonomy.

• Professional Development Opportunities: Invest in training and development programs that help employees grow their skills and advance their careers, fostering a sense of purpose.

• Wellness Programs: Prioritize employee well-being with on-site fitness facilities, healthy meal options, or mental health resources. This can boost employee morale and reduce healthcare costs.

• Profit Sharing or Bonuses: Tie compensation to company performance to create a sense of ownership and shared success.

• Recognition and Appreciation: Don't underestimate the power of a simple "thank you" or public recognition for a job well done. It fosters a positive work environment and motivates employees.

At Infinity people, we are passionate about helping businesses create a culture of appreciation and engagement. Our HR consultants offer a comprehensive suite of services designed to:

• Conduct Employee Engagement Surveys: We'll help you identify employee needs and motivations through surveys and focus groups, going beyond surface-level data.

• Develop a Customized Compensation Strategy: We can guide you in crafting a compensation package that goes beyond salary, offering a variety of benefits and perks tailored to your workforce.

• Foster a Culture of Recognition: We offer workshops and resources to help your organization create a culture of appreciation where employees feel valued and motivated.

Employee motivation is a complex issue, but by offering more than just a paycheck, you can create a truly engaged workforce. Let's move beyond the "Game of Thrones" sacrifices and build a workplace where employees feel valued, motivated, and empowered to reach their full potential.

Contact Infinity Ventures today! Together, let's create a work environment where everyone thrives.