Flexible Working More Popular than Bonuses as a Source of Staff Motivation

An interesting survey from my ex-colleagues at PwC provides some useful insights into the balance between financial and non-financial motivation at work. 

The recession was a painful period for employees who managed to hang onto their jobs and there remain some fundamental issues for employers as they emerge from the downturn - not the least being the continued challenge of funding long-term pension liabilities.  So enlightened employers might welcome the results of PwC’s survey which suggest that employees are increasingly looking for non-financial “rewards” in their package.  The attraction of flexible working options is particularly strong.

Note too the high proportion of employees interviewed who would prefer to work for themselves. Around half of those surveyed would prefer to be self-employed - a significant pool of would-be entrepreneurs.  But how many will forsake the comfort & security of a well-paid job (woth flexible working too) for the risks and uncertainties of working for themselves?

Revision Presentation - Training [17 May 2012]
Enterprise, Location and Culture - Inside the new Google Campus in London [14 Apr 2012]
The Downsides of Downsizing - Does Retrenchment Work? [4 Apr 2012]
Simple solutions to everyday problems - Spanx [11 Mar 2012]
Video resource: Do bonuses work as an incentive for better performance? [10 Feb 2012]
Happiness in the workplace still proving elusive [6 Feb 2012]
Leadership - Tough decisions to turn Starbucks around [29 Jan 2012]
Unemployment and motivation [28 Dec 2011]
Revision Presentation - Workforce Planning [26 Dec 2011]
Characteristics of an entrepreneur - Fil Adams-Mercer [13 Dec 2011]
Ho! Ho! Ho?  No No No! Motivation and the Xmas Party [4 Dec 2011]
EntrepreneursLIVE! 2011 - Speaker Line-Up [17 Oct 2011]
The Simpsons and Financial Motivation [11 Oct 2011]
De-layering: do firms need middle managers? [5 Oct 2011]
Revision Presentation - Risks and Rewards to Enterprise [7 Sep 2011]
Revision Presentation - Objectives of New Businesses [6 Sep 2011]
Revision Presentation - Enterprise Skills [6 Sep 2011]
Revision Presentation - What is a Business? [6 Sep 2011]
Insights from an Entrepreneur - Lara Morgan (Pacific Direct) [5 Sep 2011]
Debunking the myths of entrepreneurs and startups - a must read [28 Aug 2011]
Entrepreneurs and Calculated Risks [25 Aug 2011]
Motivation in a time of austerity - financial benefits become more important [27 Jul 2011]
Tim Harford on why it its good for new businesses to fail [16 Jul 2011]
Employers opt for remote working to gain competitiveness [21 Jun 2011]
CSR - Can better social responsibility boost the UK economy by £17bn? [12 May 2011]
Partners in profit - the JLP way [10 Mar 2011]
8 minutes of Daniel Pink on What Motivates Workers [7 Mar 2011]
Introducing the “austerity” entrepreneurs [4 Jan 2011]
Celebrating the Everyday Entrepreneurs [29 Dec 2010]
Q&A - What is absenteeism and what can businesses do about it? [28 Dec 2010]
Starbucks - Two Examples of Financial and Non-Financial Methods of Motivation [19 Dec 2010]
BUSS1 Revision Quiz - Sources of Finance for a Startup [13 Dec 2010]
Bruce Poon Tip exploits a huge Gap in the adventure market [12 Dec 2010]
Start-ups - a surge in new businesses post recession [2 Nov 2010]
Sectors of the Economy - Online is Worth £100bn [30 Oct 2010]
Financial methods of motivation - board room pay soars [28 Oct 2010]
Hilary Devey - Profile of an Inspirational Entrepreneur [22 Oct 2010]
A great example of off-the-job-training - Starbucks Coffee College [16 Oct 2010]
How to start a toy shop [12 Oct 2010]
Insights from an Entrepreneur - Laura Tenison (JoJo Maman Bebe) [11 Oct 2010]
Insights from an Entrepreneur - Will King (CEO King of Shaves) [10 Oct 2010]
Maltesers and Motivation [8 Oct 2010]
Business structure in the UK - the rise of micro companies [21 Sep 2010]
Why we should encourage our students to start a business at university [1 Sep 2010]
Lesson Worksheet - Enterprise & Entrepreneurs [9 Aug 2010]
Can performance-related pay motivate the SCD celebs? [18 Jul 2010]
Is this the worst job in the world? [15 Jul 2010]
Entrepreneurs LIVE! 2010 - THE Enterprise Event for Students in 2010 [1 Jul 2010]
New BBC Resource: Start Up Stories [25 Jun 2010]
Are fringe benefits being cut? [5 Jun 2010]
Linking corporate objectives to management performance - the Vodafone way [4 Jun 2010]
Managing People - Will Staff Turnover Increase as the UK Emerges from the Recession [2 Jun 2010]
The Dark Side of the iPad and iPhone? [26 May 2010]
The Business Effects of the Ash Cloud [25 May 2010]
British vodka beats the world! [19 May 2010]
How to make a million before lunch! [12 Apr 2010]
UK Recession - What Happened to Redundancies? [30 Mar 2010]
Motivation, Leadership & Culture: Ban the Boss (BBC) [24 Mar 2010]
Motivation and management at John Lewis [11 Mar 2010]
Management pay is squeezed during the recession [27 Feb 2010]
HRM priorities as firms exit the recession [27 Feb 2010]
Entrepreneurial success - Cath Kidston bucks the recession [25 Feb 2010]
Strategy in the UK Recession - What 69 UK CEOs Did About It [22 Feb 2010]
Money as a motivator in social work? [20 Feb 2010]
Flexible working thrives in the recession [1 Feb 2010]
Revision presentation - motivation in theory [17 Jan 2010]
Revision presentation - motivation in practice [17 Jan 2010]
Revision Presentation - Recruitment for a New Business [30 Dec 2009]
Customer service in action - the shop sleepover [22 Dec 2009]
Teaching Motivation - Classic Video(s) [17 Dec 2009]
Financial motivation at British Airways - Cabin Crew Pay Compared [16 Dec 2009]
Starter Video Clip for Motivation [17 Nov 2009]
The UK: A nation of accidental managers [10 Nov 2009]
Flexibility: Does it work? [3 Nov 2009]
Q&A - What is Leadership? [30 Oct 2009]
Leadership styles in action - Dead Poets Society [28 Oct 2009]
The gentle touch in city finance [14 Oct 2009]
Motivation in action - the stairs theory [12 Oct 2009]
Forget motivation theory - lets try to demotivate people [5 Oct 2009]
Motivation in practice - how not to do it - lessons from Britain’s bosses [1 Sep 2009]
AQA AS - Unit 1 - Starting a business - The BMX Box [28 Aug 2009]
Work For Free?  Or Pie In The Sky? [16 Jun 2009]
Q&A - Explain “delayering” [1 Jun 2009]
Motivating employees - the end of the mobile phone sales shark? [17 May 2009]
A booming rental market – for car parking spaces [12 May 2009]
Motivation in Action - Is this the Worlds Best Job? [7 May 2009]
Q&A - What is job enlargement? [1 May 2009]
Q&A - Explain Taylor’s theories of motivation at work [1 May 2009]
Q&A - How does a business benefit from having a well-motivated workforce? [1 May 2009]
Q&A - What is motivation? [1 May 2009]
Q&A - What are the characteristics of successful entrepreneurs? [1 Mar 2009]
Video case study - Google’s Non-Financial Methods of Motivation [6 Feb 2009]
Linking customer service and motivation theory [2 Feb 2009]
Video case study - starting a business in a recession [24 Jan 2009]
Cutting capacity in the service sector [17 Jan 2009]
Rachel Bridge to Speak at Business Teacher National Conference 2009 [16 Jan 2009]
Video Case Study - Roadside Markets [6 Jan 2009]
Is this a good business idea, or a passing fad? [27 Sep 2008]
Arsene Wenger reveals the secrets of successful teamwork [24 Sep 2008]
Start-up case Study: Firefly Tonics [19 Sep 2008]

BUSINESS TEACHER RESOURCE NEWSLETTER
Get first news of business teaching resources, ideas and other materials from tutor2u. Over 9,400 business teachers from the UK and around the world receive our regular teacher email newsletters. Sign up for free here!