MOTIVATION What is motivation? MOTIVATION = Willingness to exert high levels of effort toward the organizational goal and also satisfy some individual needs as well.
Motivation is everything. You can do the work oftwo people, but you cant be two people. Instead,you have to inspire the next guy down the line andget him to inspire his people.Motivation is the art of getting people to do whatyou want them to do because they want to do it.
WHAT MOTIVATES PEOPLE External Rewards Internal Rewards • Salary • Achievement • Working conditions • Responsibility • Benefits • Recognition • Environment • Feedback • Learning and growth
WHAT MOTIVATES PEOPLE In addition to the external and internal awards, have: • Employee engagement • Challenging job profiles • Keep them self-motivated • Good projects • Job rotation • Job security / stability • Good team, co-workers, bosses
But what happens when there isnot enough motivation among the employees?LESS or NO MOTIVATION = DEMOTIVATION
WHY PEOPLE LEAVE Top Reasons why people leave their jobs Learning Opportunities to learn new skills Feedback, especially for trainees Coaching and feedback by managers Bad Bosses conflict with the boss as one of the top most reasons for the departure of top performing employees
THEORIES ON MOTIVATION Maslow’s McGregor’s Vrooms Expectancy Theory
MOTIVATING TRUST Respect, communication, credibility PRIDE Work related to the person COMPANIONSHIP Team building exercises, promoting team work, contests, create communities
STRATEGIES FOR MOTIVATION • Positive reinforcement • Effective discipline • Treating people fairly • Satisfying employees needs • Setting work related goals • Base rewards on job performance
EXECUTIVE COMPENSATION Four basic elements of executive compensation: • Salary • Short-term incentives • Long-term incentives • Employee benefits
EMPLOYEE ENGAGEMENT • Customized training programs • Help people build trust and pride. • Play hard, party hard • Encourage community building • Follow a good feedback and appraisal system • Give everyone clear goals • Maintain mentor-mentee relationships • Follow shared responsibilities towards each other.
EMPLOYEE ENGAGEMENT Why is employee engagement important? • Engaged Employees Loyal Customers Bigger Profits. • If the staff are motivated then the customers will be happy • The shareholders will then benefit through the companys success.
Conclusion • Notice each individual • Say Thank-you, even a smile can make a big difference. • Make staff feel respected and valued • Share your experience and knowledge • Be confidence about people. • Be honest and trustworthy • Don’t take personal credit for their success • Create a blame-free culture • Set developmental goals • Make work fun!!