It is mind over matter when it comes to leading and motivating employees.
Each one of us feels motivated when appreciated for our efforts. This is reflected in how happy an employee feels to get up and go to work every morning. Yet, the value of recognition at work is often undervalued by organisations.
A Gallup study states that on an average, organisations lose $300 billion in productivity each year. This is the cost of employee disengagement, as 71% of employees are disinterested and disengaged from their jobs. Considering this shocking statistics, experts are chalking out reward programmes to incentivise the workforce.
The workplace is evolving and so are employee needs. It takes a lot more than monetary incentives to motivate them. A survey conducted by Market Tools Inc. suggested that 77% of employees were willing to work harder if they were appreciated. About 27% look for better career opportunities. In light of this, nonmonetary appreciation may seem to be the right approach. So it has become imperative for organisations to find out what truly challenges and motivates their people.
These intrinsic factors cater to people’s deep-seated need for growth and achievement. So, why not consider another way to motivate? We need to embrace the key concept that motivation is less about people and more about doing great work. The focus has to be shifted to getting employees to feel great about the work they do.
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Denne historien er fra July 2018-utgaven av Indian Management.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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