Inexpensive Ways to Motivate Employees
Monday, June 4th, 2007Motivating employees is challenging for every employer. Many small businesses simply can’t afford to give large cash bonuses to reward employee performance. If you are an owner of one of these businesses there is good news. A recent study produced by Workforce Management asked employees “What factor most attracted you to your current position?” Only six percent of respondents said compensation was the factor. In fact, there was only one response that ranked lower then this and eight categories that had higher response rates.
The results of this study show that there are several low cost options for the frugal business owner who wants to offer employee rewards.
Here are a couple ideas: If you are trying to inspire the hard work of a sales team create a monthly competition where the winner receives a small reward and is honored in staff meeting. If an administrative employee is producing particularly good work have the CEO take him to lunch. If a customer support employee has done something extraordinary recognize them in a company newsletter.
Understanding that most employees are attracted to their current position for reasons other than money is critical to developing a motivation plan that is both cost effective and productive. Simply doing something that is thoughtful and that displays appreciation often goes further than a few extra dollars.
Samantha Bushard is an HR employee for the Idaho office of A Plus Benefits, Inc.