News: October 2011
Motivating your employees
Understand your staff – Employees are motivated by what they get out of their jobs. This may not necessarily be all about money – job satisfaction and career progression are also important factors in motivating your employees. If you can identify the personal goals of your employees and align these with the goals of you firm, you and your staff will be working towards the same targets. If for example your staff wish to develop their skills, encouraging this can benefit your business as more skilled staff tend to be more productive which can therefore drive the success of the business.
Building a Motivated Team – Building a workplace that stimulates positivity and productivity can be a strong tool in motivating your team. Employees are motivated by personal goals which are in turn driven by external factors like work environment, recognition, salary, bonuses etc. As a manager, you can encourage the firm to recognize the achievements of your staff and encourage them to develop as professionals. This type of encouragement can help you to develop a highly motivated, positive workplace.
Empowerment and Risk Taking – Many businesses shy away from risk. However a certain amount of “positive risk” can be a good thing. Management can encourage a culture of “intelligent Risk Taking” whereby staff take it upon themselves to make non-critical decisions and see those actions through. Training is essential to the success of such an initiative and staff should be encouraged to seek management approval on medium and high risk decisions. However, low-risk decisions such as giving a once-off 2% discount in order to win a £1000 sale can be made by a staff member without risking the entire future of the firm. This type of empowerment makes staff members feel valuable to the firm and serves as a motivating factor to the whole team.
Make Your Team Feel Like Partners – The Best Managers make their employees feel like partners in the business rather than mere team members. When employees feel the ownership of something, they care for it more and work for its betterment. You can start by encouraging entrepreneurial thinking among the employees, explain how the business is run and help employees feel as if they own part of the business. Encourage your staff to make suggestions as to how you can offer a better service or improve a product offering. Include your team in decision-making processes and make them feel like a valuable part of the business. This will motivate your employees to work hard and put extra effort in to their work.