 Top Employee Motivation Ideas
It is no more a hushed up secret that rewards triggers Employees’ interest and motivates them to strive harder for company’s utmost benefits. According to Australian Research in 2002, 55% companies offer non financial awards as a part of their strategies to improve employee motivation. What about the rest? Do they at all provide any incentives or distribute cash as rewards? What are the best as well as unique employee motivation ideas? Let’s find out.
To propel the company’s profits to the next level, incentives, in the form of Brand name merchandise or hardcore cash, travel pass, Gift cards, token of recognition are bestowed upon the employees. If a team of employees, come across the hypothetical situation to choose between cash or non- cash, they prefer non cash but when asked individually, they choose extra green bucks unanimously. Choice of cash or non cash perks as a part of employee motivation ideas depends on a company’s size, organizational structure, working schedule, nature of work, government tax policies. It is the HR personnel who can judge this issue best, by feedback systems and can bridge the gap between employers and employees.
Money can be the best among the best employee motivation ideas since it allures all and it is valued and accepted worldwide. Undoubtedly cash engenders a sense of gratification in the gainer but hardly confer any long-lasting award value on them. Cash is spent and forgotten right after the moment you bring it home, and pay all your due bills. Cash has little sustention value and apparently has nothing to do with motivation. Salesman earns commission but it is no way sounds inspirational or seldom brings any psychological alteration in the earner. Cash incentives in the form of tangible assets like salary hikes, bonus or travel pass all aim at keeping the employees on their toes. In order to gain more and more cash, sometimes the employees tend to act unethical and indulge in an unhealthy competitive spirit which affects the process of team building. Sometimes scarcity in liquidity arises out of random cash distributions causing further complications.
Non cash incentives includes flexible working hours, healthy working environment, family care, travel schemes all have a sheer psychological impact and boost the morale of working force a lot. These are pretty helpful for single parents, newly married couple and all family men in general. Non cash incentives save tax payment as well. It mostly results in motivation, teamwork, and loyalty to the organization, and makes the bond stronger between employees and employers. Recreational means like movie tickets or office gym after heavy tension and workload prove to be very beneficial and act as stress busters. Every employee wants to come in the spotlight, so public recognition even in the form of small party or simple hand written note or at least a cordial smile or thanks giving from the employer’s end changes the working environment immediately and set ideal examples for other employees as well.
To conclude irrespective of the nature of incentives cash or non cash do not let your incentive schemes rot over the years, keep it Changing with time and work culture. Obtain the incentive policies based on the employee’s age, aspirations, and experience level. A fresher will fall for salary hike, as he wants to obtain full economic value of the incentive scheme while the mature one is more concerned with security and quality of work and would choose flexible working schedule, future growth, respect and recognition in the field of work.
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