Motivating employees is one of the most critical competencies a good leader should possess, and this ability should be harnessed by any business organization that wishes to succeed.
Money is undoubtedly one of the great sources of motivation par excellence when we accept a job offer. However, other motivating sources (both extrinsic and intrinsic) make workers feel comfortable in their workplace and, therefore, perform at a high level. In addition to money, there are more motivating sources.
It is precisely what Daniel Pink thinks, author of the book “Drive: The Surprising Truth About What Motivates Us,” which in his text explains about the factors that motivate us both in our personal and work life. It analyzes through investigations and examples that Remuneration acts as a motivating factor only when the tasks are straightforward, but when jobs are more complicated and require more conceptual and creative thinking, “pasta (or silver)” is no longer a motivational source. On the importance of personal development, self-realization, and personal satisfaction when performing efficiently in the workplace.
How to motivate employees without money
However, how can we motivate employees without using money as an incentive? Below you can find six ways to motivate your employees without financial compensation.
Give them autonomy
It is good that you direct your employees and employ some control in some aspects of the work. According to several types of research, democratic or participative leadership, the one that encourages workers’ participation by letting employees decide more about their functions and have enough skills to make decisions, increases performance and motivation.
With this form of leadership, you will soon see that employees work more animatedly and use all their energy to solve problems that may arise. On the contrary, authoritarian leadership, a leadership style in which superiors have absolute power over their workers, has the opposite effect on the motivation of employees.
Make your ideas
In recent years, the concept of transformational leadership has become very popular. In addition, what makes transforming leaders different? They use high levels of communication to achieve the goals and provide a vision of change that reaches employees.
It is how they motivate and increase the productivity and efficiency of the group because they can change the expectations, perceptions, and motivations of the team with which they work. In short, they make their subordinates feel that the company’s goals are also their goals, which is highly motivating.
Worry about them and do things in a group
In addition to making your employees feel like leaders, make their ideas count. Make your ideas come to them and dedicate time to feel comfortable in the workplace and with their colleagues. It increases the level of belonging to the company and, at the same time, its motivation.
Take them to lunch from time to time, perform group dynamics during their working hours, have barbecues on Fridays, or hold competitions where they can receive prizes and trophies for their excellent professional work. The important thing is that employees are comfortable with the company and with their colleagues because social support and good relations with co-workers is a crucial variables to reduce stress and increase motivation in the workplace,
Involve them in the successes of the company and give them feedback
Many superiors have a terrible habit of looking for employees if things go wrong. Still, they forget to make employees part of their successes or recognize their good professional work. It is good that you conduct periodic interviews to find out their opinions about their work and give them feedback on how they perform their professional work and improve it.
Make them be in the job that fits their competencies
Employees must be motivated by their tasks because work has become a big part of our lives. Employees who are not comfortable with the position or their role in the company can’t be motivated.
This process should start in the same selection process since selecting suitable candidates for a job is best to keep them motivated. Some people perform a great job in monotonous work, while others have key skills for more creative work. The idea is that workers fit into the workplace and the organization in terms of their abilities and expectations or motivations.
Let them grow and develop
As written in an article on Pay someone to write my coursework UK, the possibility of growth of a worker within the company is, without a doubt, a motivating ingredient. In addition, to cultivate motivation, one must be careful how employees feel about the company and how they see themselves within it. Employees must feel valued, competent, and able to grow within the organization because otherwise, they can stagnate.
The training and continued training and the possibility of development and professional and labor growth within the company are all vital to getting more motivated workers.About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud platform where their QuickBooks™️ file, critical financial documents, and back-office tools are hosted in an efficient SSO environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.