Chapter 6Total Rewards
“Culture eats strategy for lunch” is a well-known, clickable phrase often attributed to Peter Drucker. It suggests that fostering and maintaining a strong organizational culture is key to organizational success, even above strategy. But is it true? Maybe.
The truth is that most people work not because they need access to a “family” of co-workers, but because that is how they earn their living; in short, they need their paycheck and the security the wages and benefits bring. It comes down to really understanding what money can and cannot do. Behavioral sciences show that once a minimum threshold of earnings is earned, compensation loses some of its ability to motivate. Regardless, savvy HR pros know that a functional ...
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