What will a downsizing in bonuses do for company morale?
Federal: To me, it’s incumbent upon the corporation to be very realistic with their employees that they have on incentive and let the people know what is going to happen and how they can influence the performance of the organization. To me, the money paid is only part of the motivation for people to perform. The other part of it is capturing the individual’s imagination around being a part of a successful team. And I think a lot of times companies forget about that and focus on the money where I think they need to focus on individual pride, if you will, in creating the teamwork it takes to be successful and creating that environment. The money will come from that environment being successful. Consulting: So companies need to look at other ways to boost morale? Federal: Exactly! Exactly! Keep people excited, keep things in front of them, and let them know that those behavioral changes, that enthusiasm will then have an effect on the numbers that then create the incentive. It’s going bac
