It is more than clear now that motivated employees are more productive and satisfied with their job. Employee motivation seems to be taking over and only those companies who decide to embrace it will succeed! Continue reading to find out how to stay ahead of your competition by adopting employee motivation:
1. Why bother with Employee Motivation?
Here are some statistics from Gallup (2017) to convince you of the importance of employee motivation:
- Only 30% of employees worldwide feel inspired and engaged by their careers
- 48% of employees feel negatively about their jobs
- Highly engaged employees are 87% less likely to leave their companies than their disengaged counterparts
- 3 out of every 4 people who resign on their own do so because of their boss
- Only 40% of all employees are aware of their company’s goals, tactics and strategies
- Companies with greatly engaged employees accomplish double the annual net income of those whose employees are not well engaged
It is, therefore, clear that employee motivation is taking over and you can’t stay behind!
2. Why do employees feel demotivated?
The reasons for feeling demotivated could be different depending on the person. However, some of the most common ones include not feeling recognized or valued, having unrealistic goals and workload and being constantly micromanaged.
When employees are not given credit for the good job they have performed, they become demotivated and lose interest. A simple recognition or reward given by their team lead or manager can make all the difference!
Another reason found out by a survey conducted by Human Resource Services Inc. is job insecurity. When an employee is working in an industry which is unstable or feel like they can be fired any day, then their anxiety levels shoot through the roof and they make more mistakes. In addition, they will be distracted at work and will be trying to look for a new job.
3. How to motivate your employees?
Motivation starts with open communication. Open all communication channels with your employees and make sure that both parties are open and honest. This is very important in order to build trust, to align your values and to build a feeling of belonging. Once you have initiated the conversation, find out what motivates your employees. Offer them a rewards system where they can gain points for accomplishing tasks and exchange them for a reward.
In addition, base those rewards not only on tasks being achieved but also on the positive feedback received by customers. In this way, your employees will see the direct impact they have on the final customer. Furthermore, you can also show appreciation for the individual employee as well as the team when the team effort solves the customer’s problem. Giving rewards to your employees will encourage more dedication and will reinforce positive behaviour.
In conclusion, employee motivation is one of those things that every boss needs to know about! The more engaged your employees are, the lower your turnover rates and the higher your productivity will be. So what are you waiting for?