Latest / Business Roundtable / Innovative Rewards: Creative Ways to Reward Your Employees
Transcript
- 0:01All right, everybody, here we go another episode of the Business Roundtable podcast.
- 0:08We're excited here. We're actually at the end of May, coming up
- 0:11here in June in twenty twenty four. As that you're listening along, following
- 0:15us along. My name is David Carr Stewart. Your business where I help
- 0:20organizations and their teams, you know, come to come together to accomplish great
- 0:24things. That's really my passion and so to do that and one of the
- 0:28things I brought some great hosts here tonight, returning hosts Bill Hatch Welcome Bill
- 0:34back to the podcast. Thank you, David, absolutely, and we've got
- 0:41Doc c back well, thank you for getting inviting me back. I love
- 0:45it, glad to be here. Yeah, absolutely, we're we're going to
- 0:50jump in because we've talked about a related topic here. We've talked about company
- 0:54culture. Docsy's got his great book, Winning Culture. You haven't listened to
- 0:57that podcast, go check it out. We've talked gift giving last end of
- 1:00last year, going into holiday season, and you know, we've talked about
- 1:06uh, employees in company culture a lot. So I thought it would be
- 1:10good, uh because I've been working with some clients and we're talking about performance
- 1:15reviews and ways to recognize employees, and so I thought, hey, let's
- 1:19have Bill here in doxy on let's talk about creative ways that we can recognize
- 1:23and give back to employees, recognize your team and and and how important that
- 1:27is. And so you know, I'll maybe just start with you, doc
- 1:34c on this. I mean, just this idea of being intentional in recognizing
- 1:40your team. And we're gonna get in some ways of traditional and creative ways,
- 1:42but just just from that understanding of how to how to recognize your team,
- 1:49and just speak to that, doc Cee. In your experience with different
- 1:52businesses, working with different sure, I mean there's there's several ways of actually
- 1:57doing it, and ones, of course, uh monetarily, I mean you
- 2:00you can actually motivate people through the dollar. I mean the other is given
- 2:07them equity positions in the company. And as we talked earlier before we even
- 2:12got on here is you know what I'm seeing now is even in the private
- 2:16sector is contracts for not just upper management but employees as well. And built
- 2:24into those contracts are of course what you just say, performance indicators. And
- 2:31and I'm sure that it's I'm sure it's a complicated contract, but it's each
- 2:37employee and and you like competition, but at the same time, what's the
- 2:43ultimate goal as a private company is to make money, and that's that's it.
- 2:50I mean, we we like to try to smooth over all these other
- 2:54things, but the bottom line is if you're not making money, you're not
- 2:59going to have a job, period. And I think everybody understands that.
- 3:02And so if everybody understands that, and you just start to put in these
- 3:06performance packages with your employees, not everybody's driven by the dollars, but yet
- 3:13an equity position. Technically those are dollars and I and I like equity positions
- 3:19for sure, But I think contracts are coming down the pipeline for private industries,
- 3:24not just public you know, public yes, as you mentioned, you
- 3:28heard about that, but private companies. I think that that's where they're heading
- 3:31to for sure. Well, well, definitely want to dive more into into
- 3:36that as we go in the conversation. Uh tonight, how about you,
- 3:39Belle, what's been your experience with you know, just employee recognition. Why
- 3:44is that important? Why? Why? Why? You know? I seem
- 3:46self explanatory, but sometimes sometimes it's not there in businesses right, Well,
- 3:52it's important because it helps drive performance, specific performance that is, you know,
- 3:58it's uh, we're so many of us are familiar with the way that
- 4:04that sports contracts get done, you know, so and so on on such
- 4:11and such football team like Chris Jones on the Kansas City Chiefs gets a bonus
- 4:15because he sacks the quarterback so many times. And uh and I remember seeing
- 4:20seeing the celebration on the field when you hit that number. It was pretty
- 4:26funny. But you know, and you know, so so the well and
- 4:34I hate the term giving back because unless you've taken unfairly from an employee,
- 4:39you're not really giving back at adding to how about that adding to or just
- 4:44given you know. But but yeah, we want to uh to drive performance.
- 4:49We want to incentivize certain behaviors. And so so we put we put
- 4:57money or things on the table, and the big thing is is what is
- 5:01it that's driving the person? And uh, you know, when you know,
- 5:08the big question is is if it's not cash but a thing, you
- 5:12know, whether whether it be uh, you know, concert tickets or or
- 5:17or a trip or or something, then you know you have to you have
- 5:21to be very careful to really know this person what is the experience that that's
- 5:27going to drive them. I mean, you know, if you if you
- 5:30gave me tickets to go and do some kind of some kind of like a
- 5:34zip line tour Branson or something, you probably wouldn't excite me because I can't
- 5:41do that. But but yeah, you know, a lot of my experiences
- 5:47with the with the with the incentives, it has been in cash. You
- 5:56know, in the auto industry, you know, sell so many cars,
- 6:01get this, gets this amount of cash, sell somebody, okay, you
- 6:09know sell uh. Oh, there were there were a couple of of of
- 6:13runs they wanted. You know, it's like sell one, use one new
- 6:15and uh and and do one lease and get this much or or things like
- 6:20that. Some of them were just fun and uh you know, and it
- 6:25got people excited because you know, cash, cash is still king even in
- 6:30the the world of experience. Well, we're gonna get dig We're gonna diget
- 6:33a little bit more into Spith because we got Heather here as well. She
- 6:38was on our Health and Wellness episode Welcome back Heather. Uh and you know
- 6:42we're we're Heather. We're just we as Heather just jumped in. So those
- 6:45of you are watching us UH on YouTube. You'll actually see Heather those are
- 6:48listening, you know, she just joined us. Heather. You know,
- 6:50we're just talking about the importance of employee recognition in that company and and what
- 6:58why you just start as a starting point on the podcast, and what's been
- 7:01your what's been your experience with you know, seeing that or lack thereof,
- 7:06if you're not being intentional about a company not recognize your employees. You know,
- 7:13I think that when employees don't feel appreciated, it shows in their work,
- 7:19It shows in their attitude, it shows in vocabulary, it shows in
- 7:26their tone. I mean, the bottom line is, anytime you have an
- 7:31employee, they're essentially providing a service for their employer, right and especially in
- 7:41America, we have a history of not appreciating those people who are in the
- 7:46service industry, and that goes all the way into the employment and employee situation.
- 7:56I found that when you back dr floes, when supported them, you
- 8:01know, and at a girl and at a boy will go a long way.
- 8:05Happy employees will continue to try to perform and do the best of their
- 8:09ability. Sprinald employees we will not, in fact, some will sabotage the
- 8:16entire environment there's my opening thoughts. Well, we're glad to have you here,
- 8:24Heather, because this this this this episode is just really targeted on ways
- 8:28that week, whether we can add to or create a better working relationship from
- 8:33employer to employees. We have a lot of business owners or potential potentially.
- 8:37You're a manager managing a team, and so you're answering these questions about how
- 8:43how what can I do to make their lives better and and enhance them and
- 8:48like you said, Heather, be more productive, be more engaged. And
- 8:52so I want to maybe just you know, go through come of brainstorm with
- 8:56you all a little list and I'll come maybe with docs. So you've mentioned
- 8:58a few of these already, but just let's just go through a little bit
- 9:01of there's the traditional ones I think we're pretty familiar with, but maybe there's
- 9:07some creative ones we haven't talked about, and so let's just compare a little
- 9:11bit of those and think about there's pros and cons I think to these and
- 9:18how we can recognize folks. So I'll just start with one that I've been
- 9:22in the industry. So I've been in the environmental consulting industry for many years
- 9:28and work with them and a lot of things. Of course, like you
- 9:31said, Doccy, money you know, direct money is one thing, but
- 9:33a lot a lot of times, especially those that are new into the field.
- 9:37They're out of college, but they need practical skills either get working toward
- 9:43getting a license or a permit. And so when the employer puts funds toward
- 9:48identifying that that need that service, and like hey, look I will help
- 9:52you get there. I will help I will equip you, I will invest
- 9:54money into paying going for the course, allowing you to take time off for
- 10:01example. Those are some creative ways I've seen versus just paying a bonus or
- 10:05a raise. But Doxy, what have some what you know? Either what
- 10:11have you seen some either traditional or creative ways that business owners have been able
- 10:15to, uh, you know, give give back or add to their employees
- 10:22experience. Well, not to directly answer your question, but I wanted to.
- 10:30I liked what Heather was talking about it. What's interesting, especially a
- 10:35small business and the small businesses you know that are five hundred K revenue up
- 10:41to two million, is what I'm talking about. What's interesting is that they
- 10:46look at two numbers on their income statement. Two numbers they look at their
- 10:52net, and then they look at their wages those two and and they think
- 11:01that they need to do something about the wages to affect the net, which
- 11:05is not the way to look at things, because they look at it as
- 11:09a liability instead of an asset. And it's the most fascinating thing. And
- 11:16you know, it had their touched on that a little bit about that,
- 11:20and I just remembered that in working with a lot of these smaller businesses,
- 11:24that that's what they look at when they look at the numbers, and they
- 11:28should bypass that, not even they shouldn't even look at that number. That's
- 11:33really an asset, not a liability. But that's how they that's how they
- 11:37start to try to cut the cost factor because in order to improve your ballot
- 11:46sheet and improve your you know, you've got to increase revenue and decrease cost.
- 11:50That's how your bottom line kind of changes in the overlook. But don't
- 11:56look at your workers. And so, uh, that's I wanted to point
- 12:01that out right now, that's a great mindset shift. Yeah, you really
- 12:05have to change that. You have to change that whole thought process because as
- 12:09Bill mintioned earlier too, and Heather, you missed a little bit about that.
- 12:13You know mentioned is that you know, you have to really focus in
- 12:18on what is what is growing your company? Your assets. Your assets are
- 12:24growing your company, So that's great. I love that. Growing your business
- 12:33your liabilities, Yeah, mic Drop Heather, Yeah, I mean that.
- 12:37No, I mean honestly backing us up, Docy. That's really important.
- 12:41So I would pose that question anybody's listening here, what's your what's your what's
- 12:46your mindset? Is you, like you just said, doc, as you're
- 12:48thinking about that, are you looking at your because if you are looking at
- 12:50your employees as a liability, then yes, you're going to probably not want
- 12:56to think creative. You do not even want to think anything to give them.
- 12:58You're like, how can I reduce that that? You know, David,
- 13:01you're one thing real quick. And I don't mean to say please go
- 13:03ahead, because a lot of these business owners they will not directly say that
- 13:09to you, but but when they're talking, you know that their body language
- 13:15and what they're saying, what they're talking about, they it's it's really fascinating
- 13:20listening to them and and really it's they're not alike. They're the absolute asset
- 13:26that it's what makes your company. Yeah. Period, uh, and so
- 13:31now I you know, I just want to throw that out there and and
- 13:35now we can actually build on that. But the people that are that that
- 13:39was huge. I appreciate that's what we have around that. I love that.
- 13:46Heather, Yeah, yeah, I do. I love it, you
- 13:50know, so and just you know, David knows me. You guys,
- 13:52don't, I get kind of excited. So, yeah, Heather's got so
- 13:58much energy. Was on a health and wellness episode with Stacey. We talked
- 14:03about and this is related about how do we help our employees be health healthy
- 14:07physically, mentally, emotionally. We're creating a great space for them and doxy
- 14:11to your point if you're not saying it, but do you believe if you,
- 14:13like I said, you have that mindset. I'm sure your employees feel
- 14:18it somehow some ways. It's no questioning through you know. I mean,
- 14:24And we wouldn't have this, we wouldn't be having this kind of conversation if
- 14:30they didn't, they fall because that's why we're here. We're trying to build
- 14:35a better, better companies for everybody. And to do that is we have
- 14:39to recognize some of the some of the negative thoughts that we have as business
- 14:43owners or management. And because everybody's trying to cut cut costs, I understand.
- 14:50But where you cut costs, I don't believe it should be in your
- 14:56workforce your employees, unless of course you have you know, a bad employee
- 15:03or whatever. But there's other ways that you can actually cut costs for short.
- 15:07Yeah. Absolutely, So when you think about that, you're actually going
- 15:11to be hopefully multiplying. When you're pouring into your employees and coming out from
- 15:15that place of abundance like I want to I want to give more so that
- 15:18they can essentially make more and bring more value. Uh, it's just it's
- 15:24hopefully a self fulfilling Uh. You know, you're you're you're pouring in and
- 15:28and and then they're going to receive that and then multiply that. How about
- 15:33you, Bill, what whate have been experiences with kind of either traditional or
- 15:37creative ways you mentioned a little bit earlier, like maybe creative and there's good
- 15:43creative and maybe creative that you know, having you go on that zip line,
- 15:46maybe that that wasn't the creative that we were looking for. Yeah,
- 15:50yeah, okay, yeah, I get that now. But you know,
- 15:54to to Dawn's point, one of the things I've had people do in the
- 15:58past, is to you think about, uh, the the employees not just
- 16:06like assets, but specifically like customers, like a form of customer, and
- 16:11you want them to do a specific action and uh and perform for the company.
- 16:18And uh. And you wouldn't yell at a customer, at least I
- 16:22assume you wouldn't. I've only seen that once and that was an experience.
- 16:29But uh, but yeah, and so why would you be yelling at an
- 16:33employee, you know, why would you come down hard on on an employee?
- 16:40Treat them like they're going to be bringing you money because that's what they're
- 16:44doing. Yes, they are. They are bringing you cash on a platter,
- 16:51and uh, and you need to treat them that way, you know.
- 16:56But uh, you know, I also had a note about so that
- 17:00that you need to be careful about fairly compensating the employees and not having these
- 17:07bonuses or incentives be part of the salary. You know, it's it's not
- 17:15it's not productive because what you're gonna find is somebody else is going to give
- 17:19them fair compensation and they're gonna jump vote because they're gonna get bonuses too.
- 17:25A bonus should be a bonus. It should be in addition to not you
- 17:30know, like unfortunately in many part of parts of the com many parts of
- 17:33the US, UH, waiters and waitresses wait staff get paid these ridiculously low
- 17:41wages in the hopes that they're going to get tips to make up the difference.
- 17:45And it's not not in California, which is one of the one of
- 17:51the good one of the few good things for employees in California right now.
- 17:55But but yeah, and uh, and I use that as an example because
- 17:59I went out deep lunch today and had to tip you the waitress. But
- 18:03you know, these things should be in addition to and you need to make
- 18:08sure to fairly compensate your employees and uh, and not treat bonuses and incentives
- 18:15like like a part of the salary. Otherwise you end up with a with
- 18:19a with a national Lampoon's Christmas vacation situation. Right. Well, I think
- 18:27this goes to what Curtis was talking about at the beginning, like if you
- 18:32know, if you get your into a contract, then where there's incentive and
- 18:36you're saying we're both parties are agreeing and entering into that, right Curtis,
- 18:40absolutely, yeah, absolutely that That's that's what I was referring to, because
- 18:45then once you have once you have a contract and and both parties understand the
- 18:52contract, then you can bring them in. If and I could say Bill
- 18:59or David or Heather, look, this is in your contract. You said
- 19:03that you were going to be here at eight am, and you're going to
- 19:04do this, this, this, whatever it is that we decide on.
- 19:07And you're not you're not fulfilling your responsibility, then you can actually go to
- 19:14plan be yor I see. But at least if they have a contract,
- 19:18you have a performance as an employee and I'm going to get paid in X
- 19:22amount of dollars and my contracts is for five years, so you know,
- 19:27after five years, I'm going to have another contract, you know, or
- 19:30whatever. And I think that that's where things are headed. Like I said,
- 19:37Heather, you missed when I was talking earlier. But what I'm seeing
- 19:41a lot of these private businesses are putting together contracts for their employees, not
- 19:45just their upper management. And it's kind of news. It's a new new
- 19:51thing that I haven't seen, but I like it. I like them.
- 19:55It's because now if I'm an employee, I have a contract and I have
- 20:00a contract to work with this company for five years, and I'm going to
- 20:04work my tail off to even to get another five year extensions you know or
- 20:10whatever. Yeah, go Aheather, I should say. You know. The
- 20:15other thing I love about that is if you've got a contract, your expectations,
- 20:22your responsibilities are probably well defined and outlined. So you're getting paid for
- 20:30delivery of what you say you're going to do, not necessarily a minute by
- 20:37minute time clock issue. Right, getting paid for the value that you bring
- 20:42in. If you happen to be a fast worker and you deliver sooner than
- 20:45others, lucky you. Right, if you come across problems and it takes
- 20:52you extra time, the bottom line is you've agreed to do and you're going
- 20:56to do X, just like you said. Because there's even without bonuses,
- 21:00there's that incentive that you're going to have another contract, you're going to continue
- 21:06that job. Unfortunate. I've seen that because my dad's been taking contract after
- 21:11contract for many years. But I think the other thing too is simple that
- 21:22we're in a whole new age. I mean, things have changed drastically COVID.
- 21:26COVID didn't just rock our journalists field. It rocked the entire world.
- 21:33I mean it literally has has changed the entire trajectory of everything, and business
- 21:38is a great example of that. Right. Yeah, I believe that when
- 21:48people are paid for the value they bring, they provide more value and they
- 21:53feel more valuable. Valuable, right, And I think that it's highly important,
- 22:03you know, to have their back as an employee. You know the
- 22:08adage that the customer is always right. I've never I've never agreed to that.
- 22:14I think it's ridiculous. The customer is not always right. And when
- 22:18we cow down and bow down to bad customers, and we heard on our
- 22:26employees in the process, even if they're on a contract level, they're not
- 22:30going to even want another contract with us, right, I mean it's they
- 22:36have constructive and productive conversation around goals and performance. It's another thing to throw
- 22:45them under the bus every time someone's unhappy. Right. The bottom line is
- 22:53they need to know, like you said, doctor C, is that they
- 22:59need to know that they are valued. And we don't see them as a
- 23:03cost, but rather we see them as an asset who's helping bring in not
- 23:08only cheat your business, but to better the betterment of their world. Right.
- 23:14Right, does that make sense. Oh yeah, no, Heather,
- 23:18absolutely, So I'm gonna I'm gonna throw it back to Bill for a sec
- 23:21here, Bill to you know, and so eat contract or not right?
- 23:26So we always hear we hear some funny contracts. I don't know you guys
- 23:30have heard funny contracts in the past about musicians or something. They want to
- 23:33have certain like certain colored eminems, and they want to have certain certain things.
- 23:36Their conditioning set at sixty five degrees. I want to have a limo
- 23:40with this. Okay, these are all the things that this is the things
- 23:41that they want right that they feel like I might say, we get crazy
- 23:45crazy, but I do think it's important to figure out. To your point,
- 23:48Bill, how do you, as a as a business owner valuate what
- 23:55is what are those things you know that are you know, because you can
- 23:57come up with your ideas, but that I may not match up with what
- 24:00the employee thinks. Like you said, it's Heather, is how they think
- 24:04is valuable to them. You're like, you know, hey, you know,
- 24:10golfing would be awesome. I would love golfing. And the person is
- 24:11I don't known golf clubs, but golfing is amazing, you know, I'll
- 24:15give you a membership, Like how do you evaluate that bill from what's a
- 24:18practical thing that you can do to evaluate. We've talked before about we've talked
- 24:26before about really getting to know your employees, you know, and and in
- 24:30ten thousand employee, you know, ventures maybe that's not as practical for the
- 24:36person at the top to meet and know all ten thousand employees, but somebody
- 24:41knows that employee, and you know, we need to we need to use
- 24:47that information. I mean, it's just data count, you know, finding
- 24:52out, oh, this person has golf clubs and likes to golf, or
- 24:56this person has bad knees and can't sipline, so uh, you know,
- 25:02we need to we need to learn, uh learn who these people are because
- 25:07uh, you know, and and it goes to all the all the other
- 25:11stuff you know, in in the contracts that or that might show up in
- 25:15a contract as far as uh, you know, well, this person doesn't
- 25:19do well in a warm environment and needs that needs that uh AC down to
- 25:26sixty five in their office. So so we definitely adjust the uh the environmental
- 25:32controls to to accommodate that person that you know, uh, some people will
- 25:38do well the you know. The thing I was thinking is is that the
- 25:42contract is it's kind of like the ultimate extension of the job description. You
- 25:48know, it gets more specific and it uh, you know, holds you
- 25:53to this is the thing that you can do. And of course that means
- 25:59because it's a contract, you can't put in here and whatever else we say,
- 26:03because that's way too way too vague, and and the person writing a
- 26:08vague contract is always the one who loses. So but but yeah, we
- 26:15need to get to know the employees better and find out what makes them tick.
- 26:22You know, do I do I give them a cash reward for for
- 26:26doing this thing? Or are they more motivated by the attam boy and the
- 26:30thought of a promotion, you know? Or or are they motivated by the
- 26:36thought of a contract. I mean that having that that security that Okay,
- 26:41I'm gonna have a job for the next three to five years is uh it
- 26:45can be pretty important these days. Yeah, so I mean it could be
- 26:51maybe I mean in doc you get your thoughts on here. But you know,
- 26:53I'm thinking maybe you know, do some kind of periodic survey, maybe
- 26:56a third party you can come in, I do an organization of health.
- 26:59This ask when I can look and see what's what's what they're valuing. I
- 27:03know docs the year you have your e FAR system, So like, how
- 27:07do we evaluate what what motivates them? What what interests them? The one
- 27:11that comes to mind and I'll come to you next doc seat, But one
- 27:15of these I think that we're dealing with. And like Heathery talked about,
- 27:17the whole COVID thing changed. All this are are working arrangements, working from
- 27:22home, working different hours, you know, and what works for individuals what
- 27:29works for the organization. So for example, I used to work at the
- 27:32County of Riverside and they were able to do what we call the nine to
- 27:36eighty schedule, so I could take every other Friday out because I'd worked nine
- 27:40hours every day except for every other friday. It worked for the organization and
- 27:45it was an incentive like hey, we could adjust there. But you know,
- 27:48Doxy, what what are ways that you know have you seen successful work?
- 27:52Employers are looking at how to evaluate this because they don't want to just
- 27:56come up with blanket statements and if it doesn't really matter or match, like
- 28:00okay, let's figure out what where how can we find this that really resonates
- 28:03with our team? Well, I think Bill just hit it on the head.
- 28:10You really have to know because not everybody has a set of golf clubs.
- 28:14You know, you really have to know your your people. And when
- 28:19a ceo can can walk, remember the remember the cubicles. I ran into
- 28:26a ceo that actually walked to each cubicle and looked at the cubical and one
- 28:34particular salesperson wasn't doing very well, but he looked and he noticed all these
- 28:41photographs of African animals, and so he pulled him in his office and said,
- 28:48what is it that you really want to do? And he goes,
- 28:49I want to go on to so far, take a bunch of pictures.
- 28:52I want to spend thirty days. He goes, okay, we'll make that
- 28:56happen for you. You you showed the production. He went and increased his
- 29:03cells within a month thirty five percent, and six months he was in Africa.
- 29:10Those kinds of things, and that's what Bill, that's what Bill was
- 29:12talking about, is you have to know your employees. Because this person doesn't
- 29:17want to play golf, he wants to go to Africa. Those are the
- 29:19things that you put into those contracts, those performances, and that's why you
- 29:26sit down and speak and talk to an employee and say, hey, what
- 29:30do you want to do in the next five years, and what's your objective?
- 29:33What are you a family person? Are you this or that? And
- 29:37let me know why you're here. Because you're given me eight hours of your
- 29:41day, of your life, and I want to give back to you.
- 29:45And that's how you can do that. Mm hmm. That's r Yeah,
- 29:49that's what you said when you triggered that doc se because that was came to
- 29:52mind too. Depending on the season of life, I know, sometimes there
- 29:56was like do I get paid a little extra per or do I get an
- 30:00extra week of vacation or something like that? Right? Yeah, I mean
- 30:04I may say, you know what, I'm making enough quote, you know
- 30:07enough, I'd rather have the time was more valuable to me than maybe just
- 30:11the cash in hand. So how about you, Heather, what has been
- 30:15some innovative ideas you've seen come up for rewarding employees. Honestly, nothing is
- 30:23amazing as that see so that one, right, I mean, but I
- 30:33do love that you touched on the idea that time or vacation time might be
- 30:40more valuable than the almighty dollar. Right, We're seeing. I mean,
- 30:45I know we're talking business, but you look at the tiny house trend,
- 30:48right, you look at people are finding ways to live their day to day
- 30:53lives a more affordable budget so they can experience the world. Right. So
- 31:00it does seem to be something that we're seeing in today's society as the younger
- 31:07crowd wants to travel, they want to experience, they want to see,
- 31:10they want to do, And we live now in a global economy. And
- 31:15what's funny is we've lived in a global economy for quite some time, right,
- 31:18but yet most recently it has become like this staple, this mainstay,
- 31:26this intrinsic idea of necessity. And I talked to someone and to play here
- 31:34at the hotel, because I've been at this hotel for three months, I'm
- 31:37just saying I get to go home on something, you know. They they
- 31:45talked about none of their family lives in the same city, Moore, and
- 31:49I'm in the same boat. And they work, they've worked for a living,
- 31:55but they don't want to live to work, right, they want to
- 32:00be able to go and see those family members. For instance, I have
- 32:05family in Washington, I have family in Wyoming, I have family in Florida,
- 32:08and I have family in Reno in Nevada. Okay, so who do
- 32:15you see, right? And then we have people telling us, you know,
- 32:19European countries have blah blah blah blah blah blah blah. You know,
- 32:24they're seeing that life can be better. I mean, I've got too a
- 32:31nephew and a niece who are leaving the country to work because of the time
- 32:37that those companies are going to allow them to have in addition to their regular
- 32:43income. So I think that that time thing is a really big deal.
- 32:47And I too a doctor. Seeing what he said is like, you know,
- 32:52golfing, I like golfing. I'm terrible. I don't know my own
- 32:55golf clooks. You're want to go golfing? Sure, why not, as
- 32:58long as you're not going to judge me, right, But that's what I
- 33:02like, being the extrovert that I am. Guess what I like? M
- 33:07team sports? Oh there you go there, right, Let's go do karaoke,
- 33:14let's you know, let's let's rock out to this song. Let's take
- 33:17a break, you know, let's do this, let's you know, whatever
- 33:22it might be. And I'm a swimmer, but the individual sport I love
- 33:27is swimming. No one is going to want to go, Hey, let's
- 33:30throw on our suits and go swimming. Right, And so that knowing people
- 33:35and understanding what they actually value is important. Not only does it demonstrate to
- 33:40the employee that you are concerned about what it is that they like, you're
- 33:45interested in who they are. But you know, there's a reason we're business
- 33:50people. There's a reason where where we're at in our companies. It's because
- 33:55we've done the grind. We want something different and we know it's like to
- 34:00be deep. We know it's like drager put in the safety zone. Right.
- 34:06And so if we are able to do these things, do we not
- 34:12want to help others achieve the same thing if they so desired. Yeah?
- 34:20Absolutely, about helping one another lifting one another up. Not just you know,
- 34:25I win and you lose, not even a not even a win win
- 34:30the way I see it is a should be a win win win. Okay,
- 34:36that means you win, I win, and together we also both right,
- 34:42yea, how do we and how do we do that? Yeah?
- 34:45That that's uh no, Heather, that's that's that's that's so great, And
- 34:50that's why we have to give this this business round table podcast, so that
- 34:52anyone that's listening here reach out to Heather, Bill, Doxy myself. We're
- 34:58going to help you. We're bringing value, we're giving for because we know
- 35:00that's that's just the way we live our lives is we want one of the
- 35:02best for those that are listening and engaging with us and have a conversation.
- 35:07We'll come with you. We've got decades and decades of experience between all of
- 35:12us on this on this call here, and I agree with you it's it's
- 35:15really important to listen to what's what's where they're at and look at the investment.
- 35:22These could be small things. I mean sometimes we'd have like a monthly
- 35:24meeting at the company. Some people will be online, some people on on
- 35:30remote or in person, and we would buy lunch. I mean it would
- 35:34be like ten bucks whatever, maybe twenty bucks a person. They're all there
- 35:37right that. Like you said, Doxy, it's an investment. It's not
- 35:40you know, it's not a liabilit you're investing them. You're bringing that team
- 35:44together. Especially in today's world where where a lot of people are remote,
- 35:47you have to read much more intentional about how you bring your team together and
- 35:52do it in a way that they appreciate. So I know that we had
- 35:58to lose Doxy, So thanks Doxy for jumping on tonight. But you know,
- 36:02and Heather, I thought the other thing I was thinking about because we
- 36:05talked about health and wellness before, you know, and healthy employee is going
- 36:10to be a much more productive one. So investing and potentially if you can
- 36:14do it, and if there's an interest in their drive for like a gym
- 36:16membership or possibly maybe if you're depending on if your company is right, do
- 36:22you have space to have like maybe a little mini gym or something that they
- 36:24can come in and do a little workout or something or whatnot. Think creatively.
- 36:30It may not be for everybody, right, you know, certainly,
- 36:34and it shouldn't. It shouldn't be just about physical health either. You have
- 36:38to worry about people's mental and emotional health. Yeah, absolutely absolutely. I
- 36:45mean, well, yeah, well, you allow somebody to take twenty,
- 36:50you know, thirty minutes out of their day in the middle of the day,
- 36:52possibly to do meditation or some quiet time or walking. You know that
- 36:55they need to just reset, right, maybe get a maybe get a service
- 37:01like uh oh, what is it? Hold on? I know it,
- 37:08Let me see like like a third party like company wellness. Yeah, yeah,
- 37:13a third party that will that will let you talk to them you know
- 37:15my health, No, my yeah, you can. There's definitely different.
- 37:20One I know you're talking about, Bill is finding a third party where they
- 37:23can call. Because here's the reality, Bill, like you're saying, you
- 37:27know, sometimes it's they're not comfortable talking with employees or people their HR person.
- 37:31So can you create a third party a space where they can can really
- 37:37talk and feel like, man, they value me, They're giving me another
- 37:38a resource, right, Heather. Absolutely, you're creating a safe environment and
- 37:45someone with the expertise to actually help them and what it is that they're bringing
- 37:50forward. Right mm hmm. My school, My school uses timely Care.
- 37:54Timely Care. There you go, shout out to timely Care. I have
- 38:00to worrying what that is, mister Hatch, So I need to know what
- 38:04that is. But I have to say I'd loved what you said about It's
- 38:09not about just physical health. It has to be a holistic approach. We
- 38:15are not one dimensional beings. We are multi dimensional beings. We are physical,
- 38:24we are spirit, we are emotional, we are mental, we are
- 38:30metaphysical. Right, and we if we we really can't separate one piece out
- 38:37and make it more important than the other because it's not possible. Because without
- 38:42all the parts, we're not we're not really who we are and who and
- 38:45what we are and where we want to be. All the parts matter,
- 38:50right, Even even a cog in a machine matters, Yes, a line,
- 39:00what happens right, And your wellness is like that too. And I
- 39:05don't think that we have given the benefit of offering proper wellness options to our
- 39:15employees. I really don't. And I think part of that is. You
- 39:20know, we talked about the bottom line. The bottom line is important.
- 39:22It is, it is. But if you can get past your mindset of
- 39:28the limitations that you've got here and broaden your perspective, you can create so
- 39:35much more, not only for yourself, but for everybody that works for you,
- 39:39right, every single person. There's no reason and we can't have that
- 39:44win win win situation. Yep. Well, And I think he and Bill
- 39:49what you both triggered me as you were saying this, this thing. It's
- 39:52easier to a smaller company, But I think I think we're trying to challenge
- 39:57you to think creatively and as flexible as you can can sometimes the people I
- 40:00see some rigidness, Well, this is the way we do it. We
- 40:04only provide this program, this thing, you know, like it doesn't doesn't
- 40:07quite match up or the needs, and so the greater flexibility you can be.
- 40:10Yes, it may be a little bit more of a stretch on you
- 40:14initially, but I find that the employees really do appreciate you, like you
- 40:17said, Bill, really figuring out what's the best fit for where they're at
- 40:22and what they need, and not just say well, this is the program
- 40:23we've always used. Here's your uh, here's your mug, here's your here's
- 40:28your mug for the year. Congratulations, thank you for your service. You
- 40:32know, it's like I don't need another mug, thank you very much.
- 40:36You know. Kind of a thing, Yeah, for sure. You know,
- 40:42just as we're kind of getting closer to the end of the the podcast
- 40:45here, what are just some other practical things or something that we think about
- 40:49about implementing some kind of program or ward just so that we're effective in this
- 40:53We've talked about maybe evaluating it. But now if we decided that hey,
- 40:58this works, making sure that those are properly distributed or recognized so that because
- 41:07I've heard. I don't know about you, guys. I've had this before
- 41:08sometimes where people there was a benefit, they thought about it, They're like,
- 41:13this is a way to do it, but the employees didn't know or
- 41:15they didn't know how to access it or how to Oh you mean that's available
- 41:20to me. What do I do well somewhere down on the website or you've
- 41:24got to go here, or you've got to talk to this person. So
- 41:27it doesn't there's some problems of implementation. It's that's that's the other half of
- 41:30it. Has come to great ideas, you've got some you've got some resolutions,
- 41:36and then how do we make that reward actually what it can be?
- 41:42I don't know. So I know you're writing some things down, Bill,
- 41:45So what are your what are you what are your thoughts there? Like,
- 41:47how can we active, you know, practically implement this well? I think
- 41:53I think what we really need to do is, like we said, know,
- 41:58your employees find out what it is that makes find out what it is
- 42:01that they really want, but what they really need because sometimes those things are
- 42:06different, and uh and find out what it is that really makes them tick,
- 42:14you know, and uh and approach them based on on those criteria,
- 42:20you know, and also find out what it is that they can do that's
- 42:25valuable to you, because that's what you're boring. That's the that's the reward
- 42:31you're going to give. I mean, you can't. You can't say to
- 42:35somebody, you know, hey, if you if you invent a new adhesive,
- 42:38I'll give you, I'll give you a million bucks. It's not gonna
- 42:42matter if they're not a chemist. Yeah you know so uh so yeah,
- 42:49because I've I've been given those kinds of incentives before. It's like, hey,
- 42:53well we'll give you this huge pile of cash if you do some if
- 42:57you do a B and C it It's like, I have no idea do
- 43:00those things. You can change the tilt of the Earth's access access. We
- 43:05will do this right theodically, I know how to do that. Get stuck
- 43:10with the math. Yes, I can do I can do super villainy,
- 43:15but yeahs the math. The math sumps me every time. I mean,
- 43:23I think what you're saying, what I would say, you know, Belle,
- 43:25is what you what I heard you say is like, okay, what
- 43:30can they give back to So one of the things I've done as far as
- 43:34that is when I'm doing their performance review and I look at somebody's where their
- 43:37goals are. Out of those goals, and I'll just use a biologist because
- 43:40that's my background. So if they have a special survey or area that they
- 43:44can work in, they're like, I really want to get that permit.
- 43:46I want to get that so I can do more work. So it's like,
- 43:49okay, well then I will pay for a course, I will help
- 43:52you. I will guide you in the steps that you need to talk to,
- 43:55or they do an introduction to an individual right education, training, whatever,
- 44:00whatever level you want to want to talk about. As far as that
- 44:04goes, is a great Uh. It is a great incentive because it's a
- 44:07win win. It's one of Heather's win win wins, you know, because
- 44:12you get to win because you get to know more. I get to win
- 44:15because you get to do more for me. We're winning here together. Yes.
- 44:20Yeah, So so I would definitely say that education can be a great
- 44:23a great incentive. I just I think what I what I've seen bill along
- 44:29those lines education or anything. So I'll use the education or professional development as
- 44:32an example of implementing reward. What I found was, you know, it
- 44:37just takes somebody that has and and Heather knows this, uh in the powerality.
- 44:43We've had no on here before about powerality. I would say it may
- 44:45take somebody that you what i'd call is a calculator, something that's very good
- 44:49about systems and processes and says, hey, you want this to happen,
- 44:52let me get all the steps in line so nothing gets dropped. So find
- 44:54somebody on your team that can help you. In the five voices language is
- 45:00to somebody like a guardian. Let's have somebody help you. Because what I
- 45:02found is sometimes the people that are creative and come up with these solutions and
- 45:06amazing ideas, they need somebody help to be an implementer and put this in
- 45:09place. And it may not be the same person. So a business owner,
- 45:13look for somebody else on your team that is really good at documenting this.
- 45:16And so for example, I work with a client where we were had
- 45:21it was very happenstance as far as how people were able to get approved for
- 45:25professional development and what was required to build your point after they did it.
- 45:30So what we ended up doing was I worked with a team they created a
- 45:32whole form that would fill out here's the components Here's what I'm thinking about.
- 45:36This is how aligned with the company. It was very clear, very transparent,
- 45:42and there was a process for review and approval, and then there was
- 45:45a subsequent follow up to build to your point where once that person went through
- 45:49that or had that experience, they would be able to provide feedback as to
- 45:53yes, that was good, was not good, don't do it again,
- 45:57or here's my photos or documentation from that experience. I'm giving back to the
- 46:00company. But I got that experience right, and please use this as the
- 46:06company. I think any company that promotes this stuff education, you should be
- 46:09promoting it and sharing it with the world. This is how we show up.
- 46:13This is how we treat our employees and market There's nothing wrong with that.
- 46:16It's really important to show this is how we live as a company.
- 46:20This is our culture, this is our values. So if you're not doing
- 46:22that as a company, I want to encourage you to make sure find somebody
- 46:27else on your team that takes the pictures, that shares that highlights, that
- 46:30promote it. This is who you are, right, Heather, you're nodding
- 46:34there, so absolutely you know, and I'm so glad you mentioned aka.
- 46:39Maurice W. Evans. Yes, it comes down to explitable value exchange,
- 46:50right, And that equitable value exchange depends on the values of each individual.
- 46:58Yes. First of all, you're getting work done for and your trading money
- 47:02for that work, right, or you're trading money for that time I find
- 47:07it is mattering money for the work, right. But the other thing is
- 47:12you mentioned earlier, maybe time off is more valuable than higher pay. Right.
- 47:21That equitable value exchange is really dependent on who your employees are. You
- 47:28know, as the leader of the group, you have a certain powerality that
- 47:31tends to run through the group. But if you have someone who is you
- 47:37know, very emotions oriented, very people oriented, you know, the dollar
- 47:44might not matter as much as recognition from somebody getting the recognition for a job
- 47:51well done. Right. So, and I think that's important Bill, you
- 47:54mentioned that it's important even if you can't know every buddy, someone on your
- 48:01team should know that somebody, right, and we should be tapping into what
- 48:07helps them tick, what helps them drive, what makes me drag? For
- 48:12instance, you mentioned calculator David. Well, as you know, I am
- 48:17very not a calculator. Yes, I am one of those. I'm the
- 48:22big picture girl. I have these wild visions and dreams and amazing thoughts and
- 48:27stuff. But I am not your nitty gritty detail person. I need someone
- 48:32like a calculator on my team because that is not my forte. Can I
- 48:38do it painfully, yes, But if I have the right team in place,
- 48:44we can feed off of each other and allow their superpowers to come into
- 48:51play. And again it brings us to that win win win situation. Yep.
- 48:57And that's all I got to say about that. That's well, that's
- 49:00a good spot. We're going to do final thoughts here. I mean,
- 49:01really, that's what we want to be and we want that win win win.
- 49:05We want to create what I heard you both talk about is a good
- 49:07work life balance, having mental health not just physical support. Right, We're
- 49:15creating this holistic approach as a company. And this takes intentionality. It doesn't.
- 49:19It's not accidental. It just doesn't like happen. As soon as you
- 49:23add an employee and employee into your organization, it changes, and you add
- 49:28another one and it changes again, and it changes again as you as you
- 49:31grow, so you it never is not static. It is not static.
- 49:36So you know this idea, and I hope you know we talked earlier.
- 49:39I really like that mindset approach that that that's my key takeaway, as I
- 49:44heard Doc say, I know it's not here, but really the mindset is
- 49:45that your employees are an asset. Look at them as an asset, invest
- 49:51in an asset, nurture them, and find like you said, Bill too,
- 49:55the you get to know them what makes them tick? That the other
- 50:00thing that for me hard load and clear as you as you shared. But
- 50:04Bill, final thoughts and I'll come to Heather and we'll wrap it up for
- 50:07the night. But on this topic, wow, yeah, just uh,
- 50:12just the golden rule, you know, Uh, it applies here. You
- 50:17know, do do to others as you would have them do to you.
- 50:22Treat others, you know, like you would have them treat you. If
- 50:24if you would want to be treated as an individual and not just the number,
- 50:29then treat your employees like individuals and not just numbers. You know.
- 50:35And uh and once again goes right back to get to know them. Start
- 50:40at the when you're adding them, Start at the at the very beginning during
- 50:45the interview. Find out, you know, I just have them right out,
- 50:49what makes you tick? What is the thing you really want? And
- 50:52uh and you know, and uh and go from there. That will that
- 50:57will help out loads. Yeah. And if they need help, call Bill,
- 51:01He'll help you. He's a leadership guide expert myself or Heather. Uh,
- 51:07and we're happily guide you there, Heather. Final thoughts here on this
- 51:12topic. Appreciate all your energy and enthusiasm here. I can't. I couldn't
- 51:17stop it if I try to do. We don't have all guys here.
- 51:21We got to have a ladies here bringing some energy and waking us up,
- 51:24so we appreciate it. You know. One of the things that comes to
- 51:30me, especially after being a coach and an educator and a mentor, is
- 51:37I think it's important. You know, we're looking at the business, the
- 51:40health of a business, the wellness of the business industry, and how we
- 51:45can make things better for the employees. And then the sentence. I think
- 51:50what the biggest thing to remember is, just like when you're looking at yourself
- 51:53as an individual and then others outside of you, is that first of all,
- 52:00you matter, yes, okay, and they matter right, and more
- 52:08importantly, the wellness of the corporation, the wellness of the individuals, the
- 52:15wellness of the employer and the employee, the team matters. And if you
- 52:22can take that mattering forward, so to speak, if you can let people
- 52:28know that they truly matter, they are valued, it's a totally it's a
- 52:36game changer. It's a different world. So I'm going to leave it at
- 52:37that, you matter, I matter, We matter. Yes, yes,
- 52:44no, that's that's. Thank you so much, Heather. We're glad to
- 52:46have you back on the Business Roundtable podcast, and we thank you guys for
- 52:51listening. Leave your comments, your feedback. We appreciate that. We stream
- 52:57this episode every time every week on LinkedIn. You can find us on YouTube,
- 53:01all of the podcast platforms we're out there. We appreciate your five star
- 53:06reviews, your likes, your engagement really helps us get the word out.
- 53:08So if you found this valuable today, share it with a colleague, you
- 53:14know, post it. We really do appreciate that. And again, if
- 53:17you guys have questions as you're listening to us, reach out to myself,
- 53:21reach out to Heather dot C Bill. We will come back with other great
- 53:25episodes if you want. If you have something you haven't heard yet, you
- 53:29want to know more about it, And again, we would love to have
- 53:32you as a guest speaker as well, So we invite different folks coming onto
- 53:37the roundtable. Thank you again, Bill and Heather. It was wonderful having
- 53:40you guys. Have a great night everybody. Thank you David, thank you
- 53:45Bill, thank you every