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Performance management

What keeps employees motivated besides money

Editorial team | September 24, 2021

Retaining a talented team of employees under your hire to see through your company’s continuous organisational success, you must learn how to keep your workers motivated. But unlike the common impression, many things could keep employees motivated other than a highly impressive and attractive compensation plan. Although money is a major draw-in, it is not everything for top talents to choose and stay with the company even when an even more beneficial compensation is waving at them on the other side.

Devising a compensation package that your employees cannot resist is a good start. But beyond that, you have to think of ways to keep them. It can be costly for your company to be hiring new talents every so often—costly in every sense of the word. The entire process of hiring and training an employee is both expensive and extensive. It could even cost you your business objectives if you are not careful.

An essential key to keep your employees is to ensure they are motivated while sustaining their happiness (and pride!) of being part of your team. Providing them with the following could help, too. Read on.

Teamwork

A happy team player is a motivated worker. If you keep your employees feeling like they belong, their efforts and voices count, you can expect a more responsive and productive output. To develop each member’s trust in one another, they should enjoy being around each other beyond the workplace. Host bonding opportunities for your team members to build camaraderie. For such events, you can turn to https://www.wearetricycle.co.uk/ and trust that they will provide you with unique ideas that are both fun and enriching. You can tap them to take care of your corporate events and parties, creating a splash each time.

A happy and positive work environment

Work should not feel like the kind of work that is full of tension. Since employees spend much of their waking hours at their workplace, you must create a conducive environment that encourages productivity in all aspects. But there is no one-size-fits-all plan for this. You have to get to know your employees so you can put together a suitable environment where they can thrive, survive, and be great. In addition, you must ensure that your employees are in a supportive environment where they can make mistakes and learn from them.

Rewards

It does not always have to stretch your company budget to recognise and appreciate a job well done. Free movie tickets, a café latte, a minimalist cake, or a simple plaque can do the trick. The point is, you must not let it go without drawing everybody else’s attention. Recognition lets your employees know that you are on watch and that they are appreciated for their efforts if they make so.

It takes a lot to find promising talents to be part of the company, so once they are in, never let go. Make sure they are satisfied, happy, and motivated to remain productive and remain with your company for long.

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