You can’t ignore the importance of a good salary to an employee, but to paraphrase an old song, money can’t always buy love, especially in the workplace. In a piece from the professional journal Compensation & Benefits Review, authors Scott A. Jeffrey and Victoria Schaffer suggest that creative motivation without cash incentives can produce better results, noting that “employees often value tangible incentives more highly than cash incentives.”
Try these 4 simple low-cost or no-cost techniques to keep your employees inspired and at the top of their games.
Provide Straightforward Communication: It’s difficult for employees to stay motivated if they don’t know where they stand in the organization. Providing clear expectations eliminates guesswork, and fair, consistent feedback lets employees know you recognize their efforts.
Break Bread: Numerous studies have trumpeted the benefits of dining together for families, so why not apply this to the workplace? Regularly scheduled “thank you” lunches or dinners for your team can foster a sense of family in your organization. A more casual setting also allows for more open discussion of everyday issues and challenges and lets employees know that their input is welcome.
Make Rewards Personal: If you do offer small cash bonuses, find out what your employees like and customize their rewards instead of giving out generic gift cards. For instance, if an employee is a fan of movies or a particular sports team, reward them with dinner and a movie or the appropriate sports memorabilia.
Relax and Have Fun: By incorporating fun into your business plan, employees get to know you and each other as real people. Some companies have themed dress-up events, such as “actor day,” or “favorite team day,” but if this sort of thing isn’t practical for your organization, try games or any sort of fun activity that will help you and your team loosen up and blow off some steam together.
While a range of factors influence employee absenteeism, employers identify workplace culture as a major factor. If you’re like most business owners or managers, you spend more time with your employees and co-workers than you do with your own family. And while there’s no doubt that good pay attracts workers, you can help ensure they stick around by implementing these strategies and making your workplace feel a little more like home.Share this: