Thursday, September 26, 2013

How did Bloomberg motivate his team?

It is claimed that there are many perks and rewards built into the highly profitable pay package at Bloomberg. Full-time writers with only several years of experience can make more than $90,000 annually, while financial analysts have basic salaries of more than $60,000. Besides these monetary compensations, the company has a program of perks including free dining hall and snack rooms. Menus are diverse in order to keep employees satisfied as well as to increase productivity of these employees by keeping them indoors. This method can be also explained to increase efficiency as it ensures employees have their meals indoor to prevent wastage of time that could be instead, used on work.


Bloomberg offers all employees a Health and Wellness Plan consisting of medical, dental, and life insurance, a comprehensive retirement and savings plan, a tuition reimbursement program, and a host of discounts and reimbursements. Moreover, there is a dedicated service center for employees calling to respond to everything from minor to fatal. All of the above are perks that come standard as a Bloomberg employee. Nevertheless, there are many other rewards that are given out for improved productivity in sales, news, and broadcast division. 

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