How Can You Motivate Employees Without a Pay Raise When Profits Are High?

Sir,

I want to know how to motivate your employees without increasing their salary, even though your company is making high profits. You may want to invest the profit in generating more profit, building infrastructure, or meeting future requirements.

Thank you.

Dear Navin,

Then it is better to make the employee your partner. Because if only the management is getting the monetary benefits and the employee only the virtual motivation, then no employee would be happy. Everyone is here to make money and it is an integral part of tangible motivation. Without it, the motivation only in terms of words would be like soda water which will soon be demotivated.

Trust that resolves your query.

Prasad Karkare

Motivating Employees Without Salary Increases

Providing certificates to employees based on their performance and conducting competitions among workers, as well as giving gifts to those who perform the best, will boost morale and motivate others too.

Apart from the salary and all, employees are to be recognized and appreciated when they perform better work than what is expected or supposed to do. Only giving money is not a solution to motivate them, though I agree that they want money, and that's why they are doing the job. Still, I must say that money comes first to start to motivate them, and the other factors like job satisfaction, employee recognition, etc., are also equally important. You cannot motivate them without giving a reasonable salary. In short, balancing the other factors as given above with money is a good solution.

Regards,
Bharatt