Employees are the engine of your organization. They bring your company’s vision to life and ensure that the business runs smoothly.
To successfully retain your employees and ensure they perform at their best, it is important to keep them motivated and engaged. A study by Gallup shows that having highly engaged leads to a 21% increase in business profitability. In addition to this, employees who are highly engaged perform at least 20% better at their jobs, look for more ways to execute their roles effectively and are 87% less likely to leave the company.
To a lot of companies, paying salaries and giving company benefits are the go-to method to retain employees and keep them motivated. However, this is not enough.
A study by reward and recognition consultants Motivates, showed that recognition and motivation from co-employees, an encouraging boss and a good work-life balance are some of the most important factors in motivating your employees.
At first glance, these factors might appear vague but in this article, we outline 3 practical ways to implement these factors and keep your employees motivated at work:
1. Develop Consideration Behaviors
Consideration behaviours involve listening to your employees, showing interest in what matters to them, supporting and investing in their personal and professional growth, and being generally concerned about their feelings/well-being.
When your employees know that you truly care about what matters to them, they feel more valued and are more likely to give their best efforts at work.
A practical example of a consideration behaviour is paying (fully or in part) for professional courses that would enable your employees to become more proficient in their respective fields; or giving an employee an extra leave day to take care of a loved one who is sick.
Little acts of consideration like these go a long way.
2. Organize Regular Office Hangouts
Hangouts should not be reserved for only the end of the work year.
Bi-weekly or monthly in-office hangouts, games or movie nights are an effective way to keep your employees motivated and prevent them from getting burnt out.
These hangouts also give you an opportunity to listen to your employees. This is because your employees are more likely to share their concerns and ideas with you in a relaxed environment.
When you implement the feedback you receive from your employees, it shows your employees that you listen to them and care about their opinions. This will in turn motivate them to develop more innovative and profitable ideas for the company.
3. Reward Your Employees
According to research, 39% of employees feel underappreciated at work. 77% of employees also stated that they would work harder at their jobs if they received more recognition for their work.
This shows that rewarding your employees, and recognizing them for the work that they do, increases their morale, motivation, and productivity too.
Rewarding your employees and team members could start from a simple "thank you" for the work they do, to gift vouchers or hampers to branded company merch boxes that make them feel valued as a member of the company.
When work becomes monotonous and boring, it’s easy for employees to get burnt out and lose the motivation to work.
However, when you implement the practical steps in this article, your employees will become motivated and enthusiastic about achieving your company’s goals.
Visit wiicreate.com to begin.
