WE'VE MOVED!

We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co

How To Reward A Million Dollar Idea

djokaadjokaa subscriber Posts: 6
edited January 2009 in People: Hiring, Partnering, Mentoring
Ok so your employee brings you a new idea, and in a matter of months after implementation, it generates $1 mil of net profits for your company. How do you reward the employee? DO you reward him/her?http://www.themcompanies.com/blog/how-t ... ollar-idea
· Share on Google+ Share on FacebookShare on Twitter

Comments

  • CjIndustriesCjIndustries subscriber Posts: 0
    Yes,
     
    Definitely reward the person. Rewarding the person for his/her ideas, is a great way to keep the company`s moral up. I`m really new to this, but I believe that a good reinforcement will encourage, more than just the person to go above and beyond their job description.
    · Share on Google+ Share on FacebookShare on Twitter
  • nevadasculnevadascul subscriber Posts: 3 Member
    One large corporation use to give the employee a check for 10 percent of what the idea saved or made the company in the first year of implementation.  Company made hundreds of thousands of dollars off the program by encouraging employee involvement in the company.nevadascul1/16/2009 8:15 PM
    · Share on Google+ Share on FacebookShare on Twitter
Sign In or Register to comment.