Having motivators for employees is important for any sort of business at many different angles. Not only does it brand the employer as the company to work for, but it also makes the staff motivated, passionate and loyal to your business.
1. Provide Meaningful and Challenging Work
Managers must strive to provide employees with information regarding the task at hand, which gives the employee more information and allows them to do better. Challenging and new tasks are also important to keep productivity and motivation high. A new task can reduce the boredom and repetitiveness of the job and a challenging task can give the employee a sense of importance and will feel valued within the company. Our research shows that the lack of utilising skills is one of the top reasons talent leave organisations.
2. Improve Employees' Life
Improving employee’s lives may seem like a big task but if we follow the theory of Maslow’s Hierarchy of Needs, the manager or the business needs to be aware of a few simple things in the employees’ life. These include physiological needs, safety needs, belonging needs and most importantly self-esteem needs. To achieve this, the manager must make time to recognise the employee for their input into the company, encourage them, and provide support. This will allow the employee to – in theory – overtime, be happy.
Similar to the self-esteem needs, a company should promote or give recognition to employees based on performance. This will allow the employee to feel a sense of job security and also strive to be the best they can be for a chance of progression within the business. Reward and recognition are deemed as highly relevant for talent considering joining an organisation.
4. Compensation & Benefits
Compensation is always a good way to motivate an employee. However, too much or too little pay will cause lowered productivity. According to the Yerkes – Dodson Law, too little pay will lead to unhappy employees, and too much will lead to the employees being too excited about pay to work. Key performance indicators that lead to bonuses and rewards are useful to maintain motivation and productivity. It's best practice to be informed about industry salary benchmarks to ensure you are paying your employees correctly.
Culture is the key in making employees feel like they are part of a family to create a sense of belonging. Even if all of the above is achieved, it is also important to limit the amount of discouragement within a working environment. A culture that promotes teamwork can limit unnecessary bureaucracy, over control by managers and withholding of information. Teamwork can empower the employees to have confidence in speaking their mind and formulate fresh new ideas, as well as improve employee retention overall.