If You Want Employee Motivation, Look Beyond the $$$
Money is nice. Some may even say it’s awesome. Others will argue it makes the world go round, it changes everything and/or it can’t buy you love.
Be that as it may, we can tell you this about money and employee motivation: Salary and compensation are not the panaceas you may think they are. They aren’t necessarily even a quick fix. In fact, according to a recent Business Insider article, money isn’t the most important factor in motivation employees:
In a recent study by Saleforce‘s social performance management division, Rypple, some startling revelations came to light. Recognition, for example, was one of the key factors that employees felt were lacking at their profession. Nearly 70% of employees said they would work harder if they were better recognized for their efforts
So what does motivate employees?
Recognition is just one factor that trumped money as an employee motivator, according to the Salesforce/Rypple study. Other important job aspects included being given a chance to apply thier talents at work, career development and training opportunities. (Click here for a very cool infographic from Rypple on what keeps employees motivated.)
“We all like money, that’s no secret. But there is so much more to what makes a job satisfying for employees in a way that makes them want to do their best each day. Think of how many hours we spend working, and you can see that it’s natural for human beings to want to feel that those hours are meaningful and rewarding to them in some way,” says Tina Hamilton, president and CEO of hireVision. “If you can give that to your talent, you’re golden.
Engagement is a huge factor and often a missed goal by management, because of ineffective or non-existant programs to address:
- Employee-Management Relationships
- Meaningful Employee Recognition
- Open Channels of Communications
- Quality Training opportunities
- Mentoring and Coaching
- Team Building
hireVision’s HR DirectLink services are targeted to help companies provide more of what employees want and need to feel motivated at work, including employee retention and support needs. It’s not a hotline or call center, but a customized HR service that’s so integrated into your environment that you’ll think we’re sitting in the office next door! (And, as a matter of fact, if that’s what you need, we will be sitting there.)
Interested in learning more about motivating your talent to meet your company’s goals? Use the form below or call us at 610-443-0119 to discuss how hireVision’s HR Partnering Services can help.