Employee needs are far more complicated than ordinary management actually realizes. According to Frederick Herzberg in his Two Factor Theory, man is not content with the fulfillment of lower-order professional needs such as minimum salary levels or a satisfactory workplace. Instead, he looks to fulfill higher-level psychological needs like task achievement, professional recognition, project responsibility, [...]

Trust and confidence in employees greatly empower them, making them motivated to collectively bring the company to significant progress. In operational terms, this simply means endowing the people with measurable accountability of tasks. They are adults, after all. This mandated individual accountability brings about a sense of responsibility in each and every member of the [...]

Vikram Pandit (Citigroup chief), Edward Liddy (AIG chief), and Google senior executives Larry Page, Sergey Brin, and Eric Schmidt have all humbly taken a mere USD 1 salary. Recession does change the tides of (corporate) history.
Well, USD 1 can hardly be called salary. It can’t be referred to as token, either. Honorarium, no. So, it’s [...]

The latest official figures in UK say it all. In what threatens to be one of the longest, deepest and most painful economic recessions in history, it has been estimated that around 2500 people are being made redundant every day in the UK. Unemployment has risen to 1.92 million, the highest figure since Labour party [...]