Thursday, September 24, 2009

A place where everyone works for free

Getting maximum productivity out of everyone -- always a goal of management. But too much pressure, and people might start leaving.

One way to deal with this problem is to work everyone like crazy and then pay them dollars they can't get anywhere else. That's most investment banks.

Another way is embodied by comments made by Zappos's CEO Tony Hsieh:
What kind of company can we create where we all want to be there, including me? How can we create such a great environment, where employees get so much out of it that they would do it for free?
Zappos backs it up by offering employees $2,000 to quit, which works out to a month's salary at some of their starting wage levels. So in a sense, many of them do work for one month free.

Your company may not be as progressive as Zappos, and you may not have big profits to distribute.

But, if you're the leader of a team, or even a senior member, you have a lot of influence in the work lives of those around you. What small things are you doing that can contribute to people being happy to work there?

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