Global research indicates that four out of every ten workers are disengaged. This is a major issue because if employees are emotionally disconnected from their job, productivity is going to decline. There are many different engagement and employee motivation techniques you can try. However, financial rewards can be tricky. Nonetheless, it is important to recognize whether an employee is engaged or not. The following telltale signs should help you to do so…
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Genuine
If employees are ‘being themselves’ it is much more likely they are engaged in their work at your business. It shows that they are at ease with the working culture and what the organization stands for. As a result, they feel comfortable sharing stories and bringing a bit of their personality to the workplace.
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Advocates
This is one of the biggest signs of an engaged employee. If an individual is happy to attend recruitment fairs, dinner parties, conferences, and alike, for your business, it shows that they are happy and proud to represent your brand. You should also keep an eye on their demeanor during such events. One of the best ways to find out whether an employee is engaged or not is to discover whether they actually use your products.
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Energized
Engaged employees tend to have much higher energy levels than those who are not. They set the pace in the workplace and their momentum often lifts others.
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Achievers
In addition to the points that have already been mentioned, engaged employees also tend to achieve more than those who are disengaged. This is because they are more enthusiastic about the task at hand and consequently they tend to be more focused and productive. They will also have a clearer understanding of the company’s wants and goals.
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Receptive
An engaged employee cares about the outcome of any task or venture. This is why they are much more open to different opportunities and they are willing to offer both support and challenge.
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Proactive
Last but not least, an engaged employee is one who will take initiative without even being asked. They are happy to make suggestions because they wish to add value to the organization. On the other hand, a disengaged employee is only likely to be concerned with what the organization is giving them. Moreover, engaged employees feel comfortable making suggestions because they have a thorough understanding of the values, culture, and goals of the company.
Employee Motivation: Is Money The Answer?
Increasing employee motivation should be high up on all business’ agenda. After all, this leads to heightened levels of productivity and thus will benefit your company significantly. Nevertheless, the real question is, how do you motivate your employees? Unfortunately, there is no magic formula. You will need to use a variation of tactics.
Benefits Of Using Financial Rewards for Employee Motivation
Most people work to make a living, it is as simple as that. You won’t find many individuals who are entirely consumed by their work. The economic climate has determined this. Therefore, by offering bonuses and pay rises you are going to appeal to the majority of your workforce. Many simply cannot afford to turn away financial benefits and thus they will work harder and more efficiently to achieve what has been promised.
In addition to this, sometimes other forms of employee motivation are not possible. For example, you may notice an employee is excelling in their position, yet you may not be able to promote them. In this instance, an increase in salary is an effective way of rewarding someone who produces high-quality work on a consistent basis. You need to let them know that, whilst there may not be room for promotion at present, they are highly valued.
Disadvantages Of Using Financial Rewards for Employee Motivation
Individuals who are motivated by money don’t always tend to be motivated by success. This can prove to be troublesome. It can often be better to focus on improving working conditions. How about a coffee delivery for the staff (see Check it out)? Plus, you don’t have an endless pit of money to constantly offer all of your employees. Therefore, when they feel they can’t earn more money, they may stop working as hard. Moreover, if someone is already on a high salary, you may find that they value other privileges.
It is important to consider the fact that you will instantly be creating a hierarchy. When an individual sees someone else being rewarded for their hard work and they have not had the same treatment, they may feel overlooked. Many business owners see team bonuses as the ideal solution to this. However, it doesn’t totally eradicate the problem. Employees may be annoyed that someone else on their team, who doesn’t work anywhere near as hard as them, is receiving the same bonus.
As you can see, there are both pros and cons associated with offering financial rewards as a tool to motivate employees. There is no denying that monetary bonuses must be present in some form, but you need to use them wisely. You need to use a number of different tactics to ensure that your employees remain engaged and motivated.
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