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Employee Motivation Ideas
Timely Payments
The best and the first among ideas for employee motivation is monetary rewards. A friend of mine was working with a manufacturing unit of a famous razor blade company (no names). In his case, at any point in time, a minimum of one-fourth of your salary would be pending with the company. The company believed that if you hold back the money, the chances of your employees leaving will diminish and in an urge to get the money, they will work harder and longer. Yes, it did happen as they speculated it to happen, but only with negative performances. The company eventually lost out on quality and is now struggling with closure. Holding back salaries and due incentives will only anger your employees, leading to undesirable performances. Thus, always paying the dues on time will take your employee performance to higher levels of quality with quantity.
Monetary Rewards
Giving out monetary rewards is one of the oldest, tried, tested, and proved employee motivation strategies. Probably, money can't buy everything, but it's true it will buy you employees! Every employee has unique capability and capacity, and as an efficient boss, you must understand these capabilities and capacities to provide your employees with fair monetary rewards. The best way of analyzing work done by employees is through performance sheets and graphs. These rewards also motivate the under-performing employees to do better like their co-workers, to earn the rewards. Read more on performance appraisals.
Recognition
Employee motivation techniques suggest that recognition of an efficient employee or employees delivers great results. Despite its advantages, employee recognition is ignored in many organizations. Employee recognition is not just one of the employee motivation ideas, but also a communication tool. Recognition of a worthy employee shows the attitude of the management towards the employee and his/her value in the organization.
Read more on:
Employee Recognition Ideas
Employee Appreciation and Recognition Ideas
Perks and Benefits
It's not always about money. Perks and benefits are employee motivation ideas that take into consideration the families of the employees. Medical benefits, holidays, compensatory offs, accommodation facilities, and modes of transportation are some of the perks and benefits that you can provide your employees to make them feel valued and cared for. An in-depth analysis will show you that these perks work in your favor too. For example, compensatory offs give you the required attendance, accommodation facilities reduce the traveling time, and transportation facilities also reduce the traveling time.