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Top 10 ways to motivate your employees this summer
Research shows that higher employee motivation leads to greater creativity, productivity, discretionary effort and, as a result, better company performance – and that employment management practices have a direct impact on employee motivation. So it is essential that companies, no matter what their size, identify strategies to motivate employees, implement them, periodically check to make sure that they are working and make adjustments along the way. Non-cash motivators more effective than monetary rewards Many employers believe (and/or fear) that motivation can only be achieved through cash incentives and monetary compensation. But they are wrong. While compensation is important, a number of studies show that recognition, making employees feel valued, is more important than salary. According to a survey of small businesses conducted by Cornell University researchers and sponsored by Gevity, companies that are the most successful at motivating employees are the ones with a family-like atmosphere, a shared sense of responsibility among employees via shared company information and that allow employees to manage themselves. Most companies overlook the power and possibilities of no-cost recognition and rewards. A personal thank-you note, public praise, a wall of fame, all go a long way in making employees feel valued and appreciated. The reality is, it takes less effort to sustain a desired behavior than it does to create it. Therefore, the ongoing reinforcement of a behavior can perpetuate results at a fraction of the original time and cost of establishing it. So employers need to look at motivating employees as an ongoing process. At Gevity, we believe the most important asset of any business is its people," states Michael Collins, a senior vice president at Gevity. "People represent a company's largest opportunity to improve business results, and by understanding the factors that motivate your employees and how you can influence those factors, you're better equipped to improve employee productivity and business performance." AccountingWEB.com Apr-22-2008 Categories: Human Resources, SB Zone News, AW.com Features Times read: 8876
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