Thursday, April 8, 2010

Did you know it ain't money that motivates people?


Okay, to a point it does, of course. And the more money you throw at me the more motivated I will become, especially these days... for a little while any way. But that will soon fade as it becomes an expectation more than a reward. At some point more money isn't going to matter as much, it is going to take something else.Rewards

Study after study has shown that being happy at work is more about the little things than it is about large bonuses, stock options and exceptional benefits. I'm not saying those things don't help, but feeling valued, respected and trusted at work is even more important. Here are three things you can do as a leader to help.

1. Communicate regularly. Employees want to feel they are in on things. They don't want to find out that the company is doing layoffs when they look over and see Mary packing her things. They don't want to find out something big is going to happen when George, the department head says "something big is about to happen, but I have been told I can't say, you will find out." When possible, communicate openly and honestly with employees.

2. Recognize and appreciate employees. I'm not talking about large rewards or huge recognition banquets. Taking the time as a leader to do the little things (e.g, personal handwritten notes of appreciation, specific recognition in a team meeting, a sincere email of appreciation) can go a long ways in helping people feel appreciated for what they contribute. And it costs little to no money.

3. Provide meaningful work and opportunities. Most people like assignments that challenge them and say to them, I/we trust you with this. You have proven you can do this.

What other things have you done as a leader to build trust, help employees feel respected and valued?

Sreejith.P

ProjectLead-RedEggInfoExpert Technologies Pvt Ltd

anisree0@gmail.com

tweet me @anisree0


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