Motivation and compensation are tough to nail during easy times and they are even trickier during tough times. I think it’s safe to say that motivating your team in the current recessionary environment is about as tricky as it has ever been.
Your employees/coworkers probably have friends that have been laid off, had salary cuts, or maybe even your company has had layoffs or cutbacks. It’s pretty natural to feel uneasy.
I’m hoping that I can resurface some well known, but often overlooked, principles of compensation and motivation that can boost you and your team during these tough times.