Since the beginning of time (well maybe not that long) boffins have been trying to figure out why some employers motivate their employees better than others do.
Answering these questions isn’t just an exercise in altruism, because business owners spend lots of money training employees. As such a high turnover of staff, equals higher costs of employers, coupled with longer periods when employees are less experienced and as such, less effective than a colleague who has simply been in the job longer. So, what makes an employee stay just a few months as opposed to a few years?
Well, that’s the million-dollar question, and while we don’t have all the answers in this article, we do give you a few good tips on how to motivate and reward staff so they will be happier and more productive in their jobs, and more likely to stay in a job longer.
Profit-related share option incentive schemes
Lots of multi-nationals offer employees this type of incentive scheme. It works well because it ties the success of the business to the value of what the employee earns as a reward for their contribution at work. So greater contributions from employees equal more valuable rewards for the employee. Clever, right? Of course, that is why it works so well!
Bonus schemes work well to make employees feel rewarded for their work. Employers tend to have a graduated scheme on a scale of 1-5 for example so the system doesn’t work to demotivate employees who don’t score highly on the scale. Scoring employees and also telling them what they need to do to improve, by having 3-6 monthly appraisals is an effective way to ensure that the system doesn’t work to demotivate employees.
Simple, thoughtful touches in the office
Employee motivation isn’t all about high-flown schemes that identify and reward employees as better than others. Sometimes simple things like having anonymous feedback postboxes at work where employees can post complaints and suggestions about their workplace can be very impactful as regards employee motivation levels. It makes them feel listened to and valued. You see, most offices have top-down hierarchical management systems, and this can make employees at the lower levels of the hierarchy feel less listened to and less valued. Engaging these groups of people can work wonders and their feedback will often help create better working environments across the whole office.
Small touches in the office like complementary fruit baskets of fresh fruit (from suppliers like fruitfuloffice), and complementary tea, coffee and milk available to employees in offices can have enormous benefits. Snacks of free fruit can assist employees who skip breakfast in the rush to get to work by aiding their concentration throughout the day and allowing them to have breakfast they may not ordinarily have. Businesses can offset these costs against their tax, making it a win-win scenario.
These methods of making employees feel more valued and encouraging healthier food choices in employees can even reduce employee sick days and improve the overall health of their work force.
Flexible working arrangements
Schemes where rewards take the form of flexible working arrangements like “time banks” and extra days off have been proven to be effective ways to motivate employees.
Do you work in an office? Feel free to share how your employer rewards you in your job in the comments section below.