What makes people happy in a company? Is it the salary and benefits? Is happiness based on who your boss is and what kind of relationship you have with him? Could it be something else?
Answers to these and other questions may vary. However, it starts by putting in place simple measures that will show your employees that you care about their well-being. Here are four of them.
Rewards and Recognition
Everyone wants more money. This is common sense. No employee will say no to a salary increase, a large bonus at the end of the year, or a higher sales-based commission. Yet, most staff members understand that this is not always possible. Aside from labor costs, companies also have to pay rent, taxes, utility bills, and other expenses. As such, this is usually not what they expect.
But this doesn’t mean they don’t desire to be recognized for their work, especially if it is above standard. All human beings need praise, and it is the firm’s responsibility to provide it.
If you cannot give your workers more money, give them something else. Simple rewards like a plaque, a set of stackable engraved rings, a certificate of recognition, or a quality pen will go a long way in showing your people you care about them and value their work.
One of the many things the covid-19 global pandemic has taught us is the importance of flexibility. Even if the mass rollout of several vaccines has already started in many countries, things have not completely gone back to normal. We still need to maintain social distancing protocols, use masks, face shields, and other protective gear, and make sure we are as clean and sanitized as we can be.
From a business perspective, this places the demand on corporations to exercise at least a minimum degree of flexibility towards the work schedules of their employees. If several of the members of your team can work from home while maintaining equal levels of efficiency, there is no reason for you not to allow them to. If you have clients or business partners in different countries around the world, why not let your staff choose the hours they work based on various timezones?
We all have to deal with a long list of issues in our lives. If we see that the company we work for is taking this into account, we will be more motivated to do our best.
Few people will take care of the things of others more than they do their own. This is true both from a personal and a corporate perspective. As a part-time employee, is the enterprise you work for as important now as if you were the owner? If the company computers, desks, printers, and copy machines belonged to you, would you be more mindful of how you use them?
When it comes to providing employees with stock options, there are two ways in which the company can benefit. First, it can create a deep-seated sense of belonging within their staff. After all, they are part owners. Second, it aligns the long-term goals of upper management with those of rank-and-file employees.
But what kind of avenues can the business take? There are plenty of options. For instance, a firm can offer workers stock options once they’ve reached a certain tenure within the organization. Another alternative would be to include them in general employment compensation packages or retirement programs.
In simple terms, a fringe benefit or perk is anything your firm will give you that is not required by law. Examples include a company car, a business trip expense account, a daycare facility for people with kids, and access to an in-house gym. These and others are all great benefits that will keep employees motivated and happy.
Yet, a perk doesn’t have to be something big to be meaningful. It doesn’t even have to be that expensive. Staff members will more than appreciate a few free snacks or drinks. They will love a small rest area to play board games with their colleagues, catch up on their reading at lunchtime, or simply relax and take a nap.
Other highly popular fringe benefits businesses can offer are discount coupons for groceries, gym memberships, hair salons, or restaurants. Once again, they show your workers that you are willing to go the extra mile to assist them in any way you can. Better yet, it is a sign that you value your people as much as you do your bottom line.
Four effective, affordable ways for organizations to keep their staff members motivated are a rewards and recognition system, flexible work schedules, stock option capabilities, and small perks.
For companies who wish to maintain work quality and efficiency within their ranks, they are the easiest, fastest way to do it.
Meta title: Affordable Ways to Motivate Your Staff
meta desc: This article looks at four simple benefits all companies looking to maintain employee motivation levels can give their workers. Read along to find out more about what they are.