« The Common Sense Management of Sam Walton - 104 | Main | Warren Buffett and Secrets of Management - 138 »

Jun23
Mary Kay Ash: She Never Wavered - 50

The Strategies that made Mary Kay Successful - 9

Sweetening compensation with an array of performance bonuses.


One of the best motivations for people are seeing rewards in action. I would take it a step further and say "relevant" rewards in action.

For Mary Kay, there were a number of ways she rewarded her top performing people. Some were rewarded with positions like sales director or national sales director. Others were offered the use of the famous pink Cadillac for a year. Still others were offered a array of cash bonuses.

Mary_Kay%20Offered%20a%20variety%20of%20Compensation.jpgI know that I've received bonuses in the past the in some cases weren't really encouraging at all. I didn't realize it at the time, but the reason was there was absolutely nothing I could or would do with it. Having a variety of bonuses and even offering options for bonuses and rewards are a great motivator because it shows people you're thinking of the personally. This type of news travels across an organization fast.

Performance or productivity is everything. I know that the number one way of motivating workers isn't financial anymore, but there are a lot of people that still like that, or something similar to it.

This to me is a vastly underutilized area that needs to be constantly reinvented. People have such vast interests, that we must make sure when we reward them, that it's something that they really appreciate and has value to them. That little extra effort on our part will mean a lot over a long period of time.

Anything we can do that's real and in response to being earned, needs to be rewarded when it's done above what's expected. There's nothing like a lively reward program that's dangled in front of our people. When it's done thoughtfully, it's one of the more powerful tools to use to maintain and increase performance and productivity there is. Mary Kay was an expert at it.

Other Mary Kay Resources:

Tribute to Mary kay

Quotes

Mary Kay Ash

Inspiration

More Quotes

Mary Kay Cosmetics

A Fresh Face in the World

Lip Service

Remember to Sign up for my feed, bizzbite and digg this!

Sponsored link: The outsourcing every manager requires - Tampa Locksmith


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« The Common Sense Management of Sam Walton - 104 | Main | Warren Buffett and Secrets of Management - 138 »

Advertise

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Business Blog!

    I'm a C-list Blogebrity

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Management / Operations

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    ManagersRealm is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb