How to Motivate Small-Business Employees

Are you a small-business owner who is finding it more and more difficult to motivate your troops? SmartMoney.com offers five easy tips for kick-starting your crew without busting your budgets.

While large corporations with deep pockets can easily dangle bonuses, perks and an array of fancy reward programs (often created by outside consultants) to encourage employees to outperform, you company isn't quite there yet.

But small businesses with limited budgets do have a distinct advantage: It’s easier to show them you care. In many cases, employees will perform best for a boss who can accommodate their needs, whether that’s giving them an afternoon off to take care of a personal situation, re-arranging their work schedule so they can pick up kids from school, or allowing them to telecommute as needed.

Try these five tips:

1. Communicate your vision A boss at a small firm should explain the company’s missions and goals, preferably right when a new employee starts.

2. Acknowledge your limitations Admit it: You may not be able to provide the same opportunities for promotion that a large company can.

3. Involve workers in special projects Ask your employees to step away from their routine jobs and come up with creative solutions to customers’ problems.

4. Offer “add-ons” in addition to wages Younger people, in particular, have grown up hearing catch phrases like “work-life balance” and value benefits such as child-care programs, flexible schedules, and even wellness initiatives almost as much as competitive salaries.

5. Get creative with rewards One human resources manager has come up with an original rewards program called “Run to the Border” to encourage the office staff to exercise. Working under a $2,000 budget, she doles out gift certificates to restaurants and sporting-goods stores to employees who agree to work out for 30 minutes, five days a week. “You definitely do have better-performing employees if they are more active.”

 

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
ADVERTISEMENT

This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT