PODCASTS

Employees want nurturing and life skills, not bonuses

Jun 22, 2018, 6:33 PM
Follow @KSLHeatherKelly...

SALT LAKE CITY — The business manager of Cubes Self Storage, Rick Beal, says he was dissatisfied with his company’s culture.  So, he decided to change it, one employee at a time.

Beal says the storage industry has a reputation of being one of the lowest jobs an employee can seek, so it’s always been difficult to hire people with a solid work background.  Instead of ‘living with the best of the worst candidates,” Beal helps his staff learn life and business skills.

As a motivational speaker, Beal asks his audiences, “what motivates you to do your best work?” He says the top 19 answers range from praise to feeling good about doing a job to the best of their ability.  Money, or salary, was usually the 20th answer given to his question.  So, Beal made a bold move and eliminated the structured bonus system at Cubes Self Storage.

That’s not to say Beal doesn’t hand out bonuses to his employees, but the extra pay is based on what life skills his employees learn.  When they open their first bank account, learn how to present a business proposal, read a book by Dave Ramsey or Stephen Covey, or learn how to effectively delegate, his employees are rewarded financially.

But the financial rewards don’t end with his staff members.  Beal says the efficiency of his company, which encompasses much of the Western United States, has grown two-fold.  And Beal says profits increased 2.7% since he started implementing tasks which improve his staff’s self esteem and financial stability.

Beal says many of his workers have gone on to higher paying jobs and have learned how to start saving for their retirement.  Sometimes he helps employees when they are stranded at the side of the road or helps them move, but says there is nothing better than seeing someone grow beyond what they thought was possible given where they started in life.

 

Today’s Top Stories

Podcasts

second job inflation...
Heather Kelly

Many are getting second (and even a third) job to keep up with inflation

More people are getting a second job, said Bankrate.com, because inflation has them dipping into their discretionary funds.
13 days ago
Utah homes are recording high levels of radon gas. 
Photo credit: Laura Seitz, Deseret News...
Heather Kelly

Utah homes at risk of having dangerous levels of radon gas

Radon is the leading cause of lung cancer for people who are non-smoking. Utah homes are recording high levels.
2 months ago
A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. U.S consumers have s...
Curt Gresseth

UVU commencement speaker tells her story of rising from high school dropout to bank president

Mary Daly shares her story of rising from high school dropout through the nudging encouragement of her mentor to become president and CEO of the Federal Reserve Bank of San Francisco.
2 months ago
Toxic relationships...
Curt Gresseth

Expert shares advice on leaving a toxic relationship

A BYU psychologist shared his advice on identifying a toxic relationship and best practices for how to avoid one and how to leave one.
2 months ago
Maria Shilaos ana Taun Beddes learn to grow vegetables with Mat Jentzsch...
Carlos Artiles Fortun

KSL Greenhouse: How to grow vegetables in containers

Maria Shilaos and Taun Beddes visit Mathew Jentzsch to learn how to grow vegetables in containers for easy, convenient growing.
2 months ago
Lack of Russian oil supply greatly effects Utah along with rest of Country...
Curt Gresseth

Will Biden’s plan to tap national reserve lower gas prices?

An industry insider says it's good President Biden wants to encourage oil and natural gas production, but isn't sure what it'll do for gas prices.
3 months ago

Sponsored Articles

Tax Harassment...
Jordan Wilcox

The best strategies for dealing with IRS tax harassment | You have options!

Learn how to deal with IRS tax harassment. This guide will teach you how to stop IRS phone calls and letters, and how to handle an IRS audit.
spend a day at Bear Lake...
Bear Lake Convention and Visitors Bureau

You’ll love spending the day at Bear Lake | How to spend a day at Bear Lake

Bear Lake is a place that needs to be experienced. Spend a day at Bear Lake.
Curb Appeal...
Price's Guaranteed Doors

How to have the best of both worlds for your house | Home security and curb appeal

Protect your home and improve its curb appeal with the latest security solutions like beautiful garage doors and increased security systems.
Prescription opioids can be disposed of during National Prescription Take Back Day...
Know Your Script

Prescription opioid misuse | How to protect your family from the opioid epidemic

Studies have shown that prescription opioid misuse has increased since COVID-19. So what do you need to know about these opioids?
national heart month...
Intermountain Healthcare

National Heart Month: 5 Lifestyle Changes to Make Today to Keep You Heart Healthy

Heart disease is the leading cause of death for both men and women. One person dies every 36 seconds in the United States from cardiovascular disease
Joseph Smith Memorial Building...
Temple Square

The Joseph Smith Memorial Building is an icon of Salt Lake City | Why hosting an event at this beautiful location will make you a hero this year

Here's why hosting an event at the iconic Joseph Smith Memorial Building in downtown Salt Lake City will make you a hero this year.
Employees want nurturing and life skills, not bonuses