About This Video
A manager saved his company millions of dollars, but when it came time for recognition, leadership gave him a $10,000 bonus—with a catch: he wasn’t allowed to tell anyone. Why? They didn’t want to encourage others to expect rewards.
This kind of pennywise, but dollar foolish thinking kills motivation, suppresses innovation, and ensures employees do the bare minimum.
In this video, Mason Duchatschek explores how failing to recognize and reward innovation costs companies far more than they realize. If you want to build a culture where employees think, innovate, and contribute, this discussion is for you.
Key Takeaways
The Cost of Short-Sighted Leadership – Understand why suppressing innovation leads to disengagement and lost opportunities.
Why Recognition Matters – Learn how a lack of acknowledgment can make employees disengage and limit their contributions.
Pennywise but Dollar Foolish Thinking – Discover why failing to invest in employee motivation leads to bigger financial losses.
Creating a Culture of Innovation – Explore practical ways to reward contributions and encourage employees to think beyond their job descriptions.
Long-Term Impact of Recognition – Gain insights into how celebrating ideas leads to continuous improvement and cost savings.
Learn More with Workforce Alchemy
If you're looking for strategies, tools, and secrets to improve employee engagement, leadership effectiveness, and workplace innovation, take the Workforce Alchemy Challenge for free.
👉 Apply here: https://www.WorkforceAlchemy.com
Catch the Full Conversation
🎙 Podcast Episode:
👉 https://workforcealchemy.com/rewards-vs-punishment-the-secrets-of-innovation-cost-savings-and-employee-engagement/
📺 Full Video on YouTube:
👉https://www.youtube.com/watch?v=iElz69RHvxU
About This Channel
Subscribe now & discover the world of Workforce Alchemy. Visit our website & take the challenge! Mason Duchatschek is an Amazon.com #1 bestselling author of numerous books, and his ideas have been featured in Selling Power, Entrepreneur, and the New York Times.
There is a way to make every employee more valuable. People shouldn't dread coming to work. Companies shouldn't lose great employees or settle for good when great is possible.
If you want to hire the best and avoid the rest, subscribe. If you want to solve problems before they occur, subscribe. If you want to get better work accomplished faster without adding staff, subscribe and be sure to share helpful ideas with others.
Topics include ways to:
Hire
Increase sales
Prevent workplace drama, conflict, and violence
Reduce labor costs
Reduce turnover
Improve engagement
Improve retention
Improve safety
Use pre-employment assessment tests (psychometric tests)
Subscribe:
Workforce Alchemy Channel
https://www.youtube.com/@workforcealchemy?sub_confirmation=1
Workforce Alchemist Channel
https://www.youtube.com/@WorkforceAlchemist?sub_confirmation=1
A manager saved his company millions of dollars, but when it came time for recognition, leadership gave him a $10,000 bonus—with a catch: he wasn’t allowed to tell anyone. Why? They didn’t want to encourage others to expect rewards.
This kind of pennywise, but dollar foolish thinking kills motivation, suppresses innovation, and ensures employees do the bare minimum.
In this video, Mason Duchatschek explores how failing to recognize and reward innovation costs companies far more than they realize. If you want to build a culture where employees think, innovate, and contribute, this discussion is for you.
Key Takeaways
The Cost of Short-Sighted Leadership – Understand why suppressing innovation leads to disengagement and lost opportunities.
Why Recognition Matters – Learn how a lack of acknowledgment can make employees disengage and limit their contributions.
Pennywise but Dollar Foolish Thinking – Discover why failing to invest in employee motivation leads to bigger financial losses.
Creating a Culture of Innovation – Explore practical ways to reward contributions and encourage employees to think beyond their job descriptions.
Long-Term Impact of Recognition – Gain insights into how celebrating ideas leads to continuous improvement and cost savings.
Learn More with Workforce Alchemy
If you're looking for strategies, tools, and secrets to improve employee engagement, leadership effectiveness, and workplace innovation, take the Workforce Alchemy Challenge for free.
👉 Apply here: https://www.WorkforceAlchemy.com
Catch the Full Conversation
🎙 Podcast Episode:
👉 https://workforcealchemy.com/rewards-vs-punishment-the-secrets-of-innovation-cost-savings-and-employee-engagement/
📺 Full Video on YouTube:
👉https://www.youtube.com/watch?v=iElz69RHvxU
About This Channel
Subscribe now & discover the world of Workforce Alchemy. Visit our website & take the challenge! Mason Duchatschek is an Amazon.com #1 bestselling author of numerous books, and his ideas have been featured in Selling Power, Entrepreneur, and the New York Times.
There is a way to make every employee more valuable. People shouldn't dread coming to work. Companies shouldn't lose great employees or settle for good when great is possible.
If you want to hire the best and avoid the rest, subscribe. If you want to solve problems before they occur, subscribe. If you want to get better work accomplished faster without adding staff, subscribe and be sure to share helpful ideas with others.
Topics include ways to:
Hire
Increase sales
Prevent workplace drama, conflict, and violence
Reduce labor costs
Reduce turnover
Improve engagement
Improve retention
Improve safety
Use pre-employment assessment tests (psychometric tests)
Subscribe:
Workforce Alchemy Channel
https://www.youtube.com/@workforcealchemy?sub_confirmation=1
Workforce Alchemist Channel
https://www.youtube.com/@WorkforceAlchemist?sub_confirmation=1
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