It is one of the only taxes out there people volunteer to pay: lottery winnings. Billions of dollars of sales, and steadily rising, according to the World Lottery Association. Let's be frank, we all know the chances of actually winning a lottery are insanely low. Nevertheless, millions of people buy a lottery ticket. Why?
One does not buy a ticket. One buys a dream. And besides that dream, we shush our fear of missing out. These two aspects - easily realizing your long-term dream and social anxiety - are very interesting human features if we take a look at our teams.
As Abraham Maslow already spread in 1954, one first needs a stable, secure foundation before the need for social connections and respect rises. Psychologist B.F. Skinner (1904-1990) added a new insight to Maslow's pyramid with his experiments: unexpected rewards motivate stronger than expected, periodic rewards. So, if we have set the regular income, what would be the unexpected dream reward to share?
Talk with your team members to know about their dreams in life. And talk about the dream you have with the company, so they can allign with these goals and be unexpectedly rewarded for achieving them. Oh and please, do not reward the team with a free lunch every Friday. This becomes an expected, periodic reward. Go for the special rewards, a handwritten note, an equal budget for all personal dreams, and don't forget to celebrate work anniversaries.
Draw that lottery ticket for them, not a piece of bread.