Published 31 October 2018 Category: Compass Tips, Human Resources, People Management

How You Can Keep Your Employees Motivated

It’s a challenging environment for today’s workforce. Keeping employees motivated can be difficult when there are some many other factors influencing their daily lives. The millennial generation for example are often cited as wanting more meaning from the value of the work they do. Just getting a salary is not enough to keep someone happy at work.  According to some reports the cost of demotivated employees in the US is $600 billion annually! Demotivated employees don’t feel like coming to work, call in sick often, lack the motivation to give their best even while at work and are constantly tempted towards quitting their job and starting their own business.
 
On the other hand, organizations are either unaware or are in complete denial of workplace demotivation. This results in high turnover rates and people quickly jumping on and off the job board in search of companies where they feel truly valued and their contribution is recognized. If your company is suffering from high turnover rates, it could mean your employees are lacking motivation and purpose. How to motivate employees and keep them with you then? Here’s what you can do.
 

1. Engage Them in Challenging Goals

Revenue, sales, profit are of course every organization’s fundamental goals; however, they are umbrella goals that the company attempts to meet as a whole unit. Every employee knows that the work they do is tied to the company goal, but these goals are not individualistic in nature neither are they team-oriented. Along the way, company goals become a backburner and are only given importance when it’s bonus or increment time. Employees eventually feel burnt out or are tired of doing the same things over and over again. The best way to overcome this is to keep your employees challenged. Engage them in goals that makes the best of their skills and talent. Give them the opportunity to exceed the ordinary, to be innovative and do amazing things. Give them the work they need to do to feel like their contribution makes a difference in the organization. Help them grow and they will help you grow.
 

2. Create an Employee Incentive Program

Most companies have this wrong notion that employee incentives is all about monetary benefits and yearly bonuses. Actually, nothing could be farther than the truth. Employee incentive is more than money. It’s an amazing workplace culture. It’s flexible hours. It’s the growth. It’s the exciting projects to work on. It’s the friendly environment. It’s the weekly fun Friday. It’s the monthly birthday celebrations. It’s the monthly employee of the month rewards. So you see, money is a powerful, but often the least motivational factor for employees to stay at an organization.
 

3. Employee Recognition and Rewards

Everyone likes to be recognised for the effort they put in at work. This is why it’s so important for organizations to create an employee recognition and reward system where employees are given rewards based on their contribution. Whether it’s rewarding someone for hard work or smart work, for an innovative idea or for being a helpful hand, for completing a project before a deadline or for bringing on new clients, there should be a recognition system for doing a good job.
 

4. Get to Know Your Employees and their Stories

It is often seen that senior management and employees hardly ever know each other. Things are kept so professional and so within boundaries in certain organizations that it almost feels like higher management are unapproachable or should even be feared. This kind of culture is not only demotivating but also prevents employees from truly investing in the welfare of the company. On the other hand, when senior managers or executive team members know, recognize and are aware of their employees’ personal stories, their struggles and of their lives, they can connect better with the employee and help them grow. Nothing motivates an employee more than the fact that they are cared for and their contribution matters.
 

5. Keep Your Workplace Culture Positive

A positive workplace culture is the most powerful motivational factor. Employees have been known to work for a lesser amount at a place that offers them mental peace as opposed to at a place where they have more money but no mental peace. Keep your workplace culture positive. Have a strong HR that listens to employee concerns. Have a strong management that keeps negativity and office politics in check. Providing a safe and healthy workplace environment to your employees goes a long way in keeping them motivated to come to work every day.
 

Remember, motivated employees are happy employees and happy employees help build a great workplace!