Pennywise and Dollar-Foolish Leadership: How NOT to Kill Innovation and Employee Engagement

About This Video

A manager saved his company millions of dollars, but when it came time for recognition, leadership gave him a $10,000 bonus—with a catch: he wasn’t allowed to tell anyone. Why? They didn’t want to encourage others to expect rewards.

This kind of pennywise, but dollar foolish thinking kills motivation, suppresses innovation, and ensures employees do the bare minimum.

In this video, Mason Duchatschek explores how failing to recognize and reward innovation costs companies far more than they realize. If you want to build a culture where employees think, innovate, and contribute, this discussion is for you.

Key Takeaways

The Cost of Short-Sighted Leadership – Understand why suppressing innovation leads to disengagement and lost opportunities.

Why Recognition Matters – Learn how a lack of acknowledgment can make employees disengage and limit their contributions.

Pennywise but Dollar Foolish Thinking – Discover why failing to invest in employee motivation leads to bigger financial losses.

Creating a Culture of Innovation – Explore practical ways to reward contributions and encourage employees to think beyond their job descriptions.

Long-Term Impact of Recognition – Gain insights into how celebrating ideas leads to continuous improvement and cost savings.

Learn More with Workforce Alchemy

If you're looking for strategies, tools, and secrets to improve employee engagement, leadership effectiveness, and workplace innovation, take the Workforce Alchemy Challenge for free.

👉 Apply here: https://www.WorkforceAlchemy.com

Catch the Full Conversation
🎙 Podcast Episode:
👉 https://workforcealchemy.com/rewards-vs-punishment-the-secrets-of-innovation-cost-savings-and-employee-engagement/

📺 Full Video on YouTube:
👉https://www.youtube.com/watch?v=iElz69RHvxU

About This Channel

Subscribe now & discover the world of Workforce Alchemy. Visit our website & take the challenge! Mason Duchatschek is an Amazon.com #1 bestselling author of numerous books, and his ideas have been featured in Selling Power, Entrepreneur, and the New York Times.

There is a way to make every employee more valuable. People shouldn't dread coming to work. Companies shouldn't lose great employees or settle for good when great is possible.

If you want to hire the best and avoid the rest, subscribe. If you want to solve problems before they occur, subscribe. If you want to get better work accomplished faster without adding staff, subscribe and be sure to share helpful ideas with others.

Topics include ways to:

Hire
Increase sales
Prevent workplace drama, conflict, and violence
Reduce labor costs
Reduce turnover
Improve engagement
Improve retention
Improve safety
Use pre-employment assessment tests (psychometric tests)

Subscribe:

Workforce Alchemy Channel
https://www.youtube.com/@workforcealchemy?sub_confirmation=1

Workforce Alchemist Channel
https://www.youtube.com/@WorkforceAlchemist?sub_confirmation=1

Other Recommended Playlists
Business Growth & Management Strategies Playlist
https://youtube.com/playlist?list=PLaGSQcRH4ChxEhB1iyTbn7NcBO2SoaFA4

Mason Duchatschek Show (Podcast Full Episodes)
https://youtube.com/playlist?list=PLaGSQcRH4ChwjjPLD9FN6r2IvuBp5PPbg

Mason Duchatschek Show (Podcast Shorts and Reels)
https://youtube.com/playlist?list=PLaGSQcRH4ChyPNetFBDdCqflzmAwJTWdL

About Our Company

Alchemy was the medieval forerunner of chemistry, based on the supposed transformation of matter. It was concerned with attempts to convert base metals (like lead) into gold. WORKFORCE ALCHEMY is kind of like that, except with people and businesses.

We provide various skill, attitude, and personality-based psychometric assessment tools and training to help employers with employee selection, engagement, and retention.

Follow Us on Social Media:

Facebook: https://www.facebook.com/people/Workforce-Alchemy/100089012713935/

Instagram: https://www.instagram.com/workforcealchemy/

YouTube: https://www.youtube.com/@WorkforceAlchemist

Rumble: https://rumble.com/user/WorkforceAlchemy

Dailymotion: https://www.dailymotion.com/WorkforceAlchemy

#WorkforceAlchemy #MasonDuchatschek #EmployeeEngagement #Leadership #Innovation #Recognition #ceo #businesssuccess