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Providing Your People With a Higher Psychological Payoff

  • Madison
  • Feb 5, 2021
  • 1 min read

September 15, 2016 | By Mike Ryan


Attracting and retaining the best employees has become the biggest competitive challenge companies are facing today. Yet, an increasing number of employees are leaving their current employers in favor of new ones.


Why can’t some companies hold on to people? Why can’t they curb the seemingly relentless turnover? The answer lies in understanding the psychological value of compensation.


In this month's Performance Perspective, we explore:

  • How to provide your people with a higher psychological payoff

  • Understanding if your compensation is complete

  • Finding ways to make work more meaningful

  • The significance of forging friendships and sharing successes


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ABOUT THE COMPANY

​Nearly five decades ago, our founder, Werner Haase, started Madison in 1975. Beginning as an incentive company, Madison had the first internet-based sales contest in 1995, followed a few years later by the first consolidated recognition web portal application.

 

Madison has evolved through consistent organic growth from a starter incentive company in the 1970s to a leading global social employee recognition and incentive company.  

Madison is a proud Employee Stock Ownership Plan (ESOP) company. Through our ESOP, employees earn shares in the company over time, creating an added retirement benefit that grows alongside Madison’s success. With ownership comes a deeper commitment in the work we do and the clients we serve.

 

Partnering with an ESOP company means working with people who truly care—because when we succeed, we all share in the rewards.

CONTACT

315 Madison Avenue

New York, NY 10017

212-758-4385

info@madisonpg.com

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