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Motivation leads to higher performance, morale and productivity. Nevertheless, 30% of executives say that motivating their employees is their toughest job. We are here to help you out by giving answers to the following subjects:
- Why motivation matters?
- Cost of disengaged employees
- What really motivates people? Science and data
- Practical 6 step guide to motivate people at work
Motivation leads to higher performance, morale and productivity. Nevertheless, 30% of executives say that motivating their employees is their toughest job. We are here to help you out by giving answers to the following subjects:
- Why motivation matters?
- Cost of disengaged employees
- What really motivates people? Science and data
- Practical 6 step guide to motivate people at work
2.
higher morale
performance and
productivity.
30% of executives say that motivating
their employees is their toughest job
Why Motivation Matters?
3.
COST
The average employee wastes
2 hours of a workday
Disengaged workers cost the economy
$300 billion per year
4.
Carrot and Stick Approach
Most managers use it to induce a desired
behaviour by blending rewards with punishment.
Problem: It only works for simple,
straightforward tasks. If a task requires
any creative thinking, this approach
doesn't work.
5.
Money
89% of employers assume employees leave for
more money, but only 12% of employees actually
earn more from their next company.
Money is a motivator, but if you
pay enough, other incentives come
into play
6.
Mastery /ˈmɑː.stər.i/
the urge to direct our own lives
the urge to get better
Purpose /ˈpɜː.pəs/
Autonomy /ɔːˈtɒn.ə.mi/
be a part of something meaningful
What Motivates People?
7.
Survey Says...
% of workers who claim the following
factors are very effective motivators:
cash bonuses
pay raise
stock options
60%
52%
35%
praise from managers
attention from leaders
more responsibility
67%
63%
62%
8.
Guide, Step 1. More praise
Use Weekdone to know employee's current
status and tasks
Be specific with your feedback
Use discerning or analytical tone when giving
praise
“Your timeliness always
helps me do my job better.
Thanks.”
9.
Step 2. More attention
Only 40% of employees are well informed of
their company’s goals, strategy, and tactics
Take time for 1:1 meetings
Give people purpose by explaining the bigger
picture
Use Hierarchical Objectives and Key Results to
help people understand how company goals align
with theirs
10.
Give more demanding tasks
Give the freedom to decide for themselves
Offer opportunities for their suggestions
Step 3. More responsibility
Study found: The harder a project is, the
prouder we feel of it
11.
Properly structured incentive programs can increase
employee performance by as much as 44%
Make sure it stands out from regular pay
Rewarded goal has to be realistic and at the
same time challenging
Make sure the reward system is reviewed
and changed if needed
Step 4. Better bonuses
12.
Step 5. Pay raise
Should be in correlation with the results and the
development of an employee
Discuss the amount and terms with the employee
before hand
Raise should be around 10% to make an impact
13.
Use a performance management
tool like Weekdone
Know the status of your employees
Give transparent feedback
Set company, department, team and
personal goals
Step 6. Use Weekdone
14.
Step 6. Use Weekdone
Time Management
Guide
How to Set SMART
Goals
BY WEEKDONE WEEKLY STATUS REPORTS
12 BEST
TIME MANAGEMENT
TECHNIQUES
HOW TO SET
S M A R T
GOALS
7 Lifehacks: How to
Succeed in
Productivity Without
Really Trying
BE MORE PRODUCTIVE NOW
7 LIFEHACKS BY WEEKDONE
(that can be absorbed during a coffee break)
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