Obviously, money is important and is necessary to live. That wasn’t the point.
If money is the PRIMARY driver for why people show up everyday, your work environment ain’t so great and chances are - you don’t have the COMMITMENT and/or LOYALTY of a dedicated staff because as soon as a better offer with more money shows up, they’ll be gone faster than a Mobil Formula One race car. 🏎 💨
So now, Company, you’ve spent all this money on hiring and training a person and they’re gone because you treated them like sh-t. Or, the employee sees you treating others like sh-t and realize it’s just a matter of time before it’s their turn.
So just hire and train new people, again, right? And again, and again, and again, because people clue in that this company doesn’t value it’s employees. You invest not just money - but commitment in to your people - and they will commit to you.
To some people, making the most money possible isn’t the goal. Like me. I took a 50% paycut to get out of the toxicity of EM and it was the best decision I’ve ever made. I’m now the RICHEST person I know. Not by money standards, but by happiness and feeling valued standards. Turns out you CAN put a price tag on that and for me it was $100K a year + bowing out 4 years before being RE. A lot of my old colleagues @ EM wouldn’t do that… they have been with the company for decades and established a life style where they NEED the salary of EM to sustain them. It’s a shame seeing them sell their souls and happiness for money, hanging on for the paycheck and pension and living in absolute misery because it is such a horrible environment and getting worse by the day.
Richard Branson recently wrote,
“…. many of these staff aren't motivated by the money. They are not solely concerned with generating money; many of these people enjoy the family-like atmosphere in their business and a shared sense of purpose that keeps them inspired and productive."
ExxonMobil should take note and follow suit; character and leadership development for managers; and accountability. They do a great job moving problems around instead of CANNING them!!!
I’d bet EM could make so much MORE money if they could / would just improve their management!