What is more powerful than giving a raise or bonus alone?

Question

Quizplus · Accepted Answer

Giving recognition is more powerful than giving a raise or bonus alone as it provides a sense of accomplishment, validation, and boosts motivation and engagement. Employees want to feel valued, appreciated, and recognized for their hard work and contributions to the organization. This not only improves their job satisfaction and morale but also drives performance and productivity. MBO (Management by Objectives) is a goal-setting approach that aligns individual and organizational objectives, but it may not always be relevant for every employee or situation. Applying hygiene factors such as fair pay, job security, and working conditions can prevent dissatisfaction, but they may not necessarily motivate employees to perform better. Theory X assumes that employees are inherently lazy and need to be coerced or controlled to work, which can lead to negative outcomes and demotivation.

What Is More Powerful Than Giving a Raise or Bonus