A recent Gallup poll about American workplaces revealed some shocking findings- 70% of employees said they were disengaged in their jobs. The study also went on to add that these unproductive workers were costing the U.S. economy more than $450 billion each year in lost productivity. So how can you avoid disengaged employees from crowding your business? What actually motivates people, your organization’s biggest asset? Some of America’s top CEOs have the answers. In a Forbes article, the big bosses of a few companies share their insights on what makes employees tick. Among other things, sharing a common higher purpose motivates employees– believes John Foraker, CEO of Annie’s, an organic food business. Having an engaged workforce can make your job a lot easier.
Employees don’t get motivated at the snap of a finger. Neither does waving the magic wand called money bring about motivation- in a McKinsey study non-financial incentives were rated to be more effective than financial ones. Here are five ways to motivate your employees and it starts with you.
1. Be an effective leader
Leading by example can be a huge motivating force for your employees. Inspirational leadership has always had a loyal fan base and it’s no different in the workplace. Your leadership style can have an effect on the culture of your organization. Flexibility is vital in effective leadership.
2. Keep communicating
Miscommunication can be the greatest barrier in any relationship and this applies to the one you share with your employees too. Be clear in the way you communicate- don’t be vague, says an article in Business Insider. Listening to employees’ ideas and implementing them is another way of developing smooth communication channels in your company, an article in USA Today suggests.
3. Show that you care by adding useful benefits
Run-of-the-mill perks like gym memberships or free lunches are great, but offering more substantial benefits like an employee insurance policy can help cover your employees in case of disability or retirement and they don’t cost much. The findings from 2013’s Small Business Success Study reveal that almost half of the employers surveyed said they don’t offer their employees any benefits. Voluntary benefits can help small business owners protect their employees without extra costs– says Donato Monaco, vice president of small business for Hartford employee insurance.
4. Recognize and appreciate achievements
Apart from promotions or raises, go the extra mile and write personalized thank-you cards for your high performers, says a post on the federal Small Business Administration website. Ignoring the performance of people is almost as bad as shredding their effort before their eyes– says behavioral economist DanArielyin a TED blog post. Just saying a simple, sincere ‘Thank You’ can sometimes make an employee’s day.
5. Create a great work environment
A good work atmosphere is what gets people to work every day. This is more important if you’re a startup- be interested, open and encouraging towards your employees, a Forbes article suggests. The workplace can definitely create motivated and happy employees.
Motivating your employees takes time and effort, but it’s sure to pay off in the long run. Improvise on traditional motivation methods and customize them to your company’s culture. Entrusting your employees with responsibilities and allowing them to be creative can be extremely beneficial for an organization, says the WSJ guide on how to motivate employees. A team of demoralized people is sure to affect the growth of the business and eventually, your bottom line. Are you doing enough to motivate your employees?
“All Rights Reserved. Elvis Donnelly is the original Author and leadershub.org is the authorized publisher of this content. Unauthorized republishing of this content will result into violation of Copyright laws. Doing the same may lead to initiation of legal proceedings by the Author and/or Publisher.
However, you are allowed to like, tweet, share or promote the article link in your network without prior permission.”