Increase Revenue

Revenue Necessary to Pay for Losses

 

Maslow’s Hierarchy of Needs

The five different types of Organizational Needs include:

  • Compensation and Benefits includes fair pay, health insurance, and retirement
  • Location and Working Conditions includes the commute, available resources, and working environment
  • Acceptance and Involvement includes a feeling of belonging
  • Recognition includes being acknowledged for a job well done
  • Advancement and Growth includes the opportunity to grow and be challenged

Rewarding employees for their contributions and achievements directly meets their needs for esteem, self-respect, and respect for others.

 

Fact: Higher Revenue

Employee-focused organizations increased their revenue 483% over the bottom-line focused competition.
 



Source: Culture and Performance, John Knotter; Contented Cows Give Better Mild, Fresh Milk, Bill Catlette and Richard Hadden