Productivity and enthusiasm significantly decrease with boredom. Your challenge is to keep them challenged. But there are other, less expensive ways. In a recent AOC national survey, most American workers said flexible hours were important to them. According to PR Reporter , one study found that two-thirds of working men and woman would reject a promotion if it required them to spend less time with their families.
Some employers even allow employees to work at home.
In fact, studies show that working at home increases productivity between 20 and 40 percent. Consider these alternatives, and keep your options open to other ways you can meet employees unique needs. Money isn't everything. A survey of 70 U.S. chief executive officers of Fortune 500 and Inc. 500 companies revealed that CEO's ranked pay as the most important factor to employees. To the contrary, most studies show that employees choose factors like recognition for a good job, personal development and challenging work as being more important than salary.