When building the company team is not (only) about money



when-building-team-is-not-money
One of the good things (not the only one!) that I learned once founding and running Terra Extremus Hostel in Santiago of Chile was that when the time of building the company staff came, money wasn’t the only one variable that keeps people motivated and willing to give their best out.



People matter
I have to be honest: I never paid well. That wasn’t a smart choice but as a young company that always suffered from an endemic money shortage we didn’t have much choice. However, the ironic thing is that hotel business is a service one and face2face relationships are a critical element for building up a sustainable position on the long term. People representing your company (desk reception, room service, tour guides, etc) can make a great impact: positively or negatively.
Our business was a hostel concept. Our customers were primarily between 20-30 years old, backpackers, and young groups. We decided to focus our hiring operation on young people as well that could feel specially compelled to socialize with travelers and were eager to live a great job experience. We never paid them fully in cash (I mean that the good thing of working with us never was the wave) but we tried to offer them a compelling package: getting the opportunity to practice English (in Chile that’s quite valuable), socialize with interesting people, staff benefits as joining barbecues, an egalitarian atmosphere, free-entrance to party nights or excursions, and (for many) to become independent by leaving home and move into the hostel. I think that I never got a cue about how much valuable all those extra benefits turned up to be for many of our people. We suffered many problems along the three and a half years of operation but –curiously- one of the few situations that we never had to deal with was a poorly-performing personnel.

Focus on a motivational benefit package
Maslow was really right and, even though pecuniary reward is always a good way to demonstrate that people matter for the company, ultimately it’s not the only one way to make them get through all the innumerable situations that they will have to deal with along the way. Think twice when thinking over a reward package for them: think how many “others than money” things really matter and can make your staff jump of happiness in their working day and, ultimately, make them to be willing to give that “extra” amount of effort and commitment that money never  can get out.