According to entrepreneur.com, employee motivation is “using both tangible and intangible rewards to keep employees enthusiastic, loyal and interested in continued improvement”.
One way organizational heads can improve the level of employee motivation in their organization is by first ensuring that there is a definite structure or setup that is well implemented within their organization for understanding, assessing, measuring and rewarding employee activities and achievements.
J P Maroney, the founder of People Builders has listed down five success keys to effective employee motivation. According to him, the key factors for employee motivation are satisfaction, appreciation, recognition, inspiration and compensation.
When employees are happy at work, they are always motivated and productive than those employees who are unhappy with their work. Therefore, organizations must increase and innovate ways to keep their employees happy. There are different ways to improve satisfaction at work. Organizations must understand what the workforce needs – may be flexible hours, rewards and recognition scheme, opportunities for career growth, open-door policy or anything else – and “satisfy” these needs. This way, when you have satisfied employees, you are also likely to have satisfied customers.
Employees like to be recognized for their efforts and their contributions to the organization. Therefore, managers and organization heads must make honest attempts and take every opportunity to openly praise and appreciate their employees. Appreciation is an effective morale booster. The more frequent it is, the better it motivates employees. A pat on the back, a few encouraging words, a thank you note, a mention in a meeting, a write up in a weekly newsletter are all simple ways to convey to your employees that you care for them and hold high their services to your organization.
Employees like to learn that their work in the organization is taken note of, and that they are considered as assets of the organization. Managers and organization heads must honor this innate employee attribute and have a sound rewards and recognition system in place. They must find ways interesting ways to motivate their employees to perform a task and when the said task has been accomplished successfully, it must also be rewarded appropriately.
Work and non-work related contests, in-house rewards for various contributions and even recognizing their contributions outside of work will increase employee motivation by leaps and bounds.
Employees always look up to their seniors and the organization head for inspiration. But more importantly they also look for inspiration in their organizations and the values it stands for. Keeping this in mind, organizations looking for improved employee motivation must have a strong mission statement and the heads of the organization must sincerely abide by these values and missions. When leaders lead form the front, employees will be inspired to follow them. Employees will be happy to work for an organization that is true to its beliefs and works towards realizing its dreams. Since every employee aspires the same, he will take inspiration from the organization itself. Inspired employees are also motivated and loyal.
Monetary rewards or tangible rewards are one of the important factors of employee motivation. Therefore, organizations can use this means well to their benefit. Performance bonuses, promotional raises, salary hike, enabling profit sharing, giving gifts and distributing reward coupons are some of the effective means of compensation.