Other Methods of Motivation

Other Methods of Motivation

There are two main methods of motivating employees: financial motivation and non-financial motivation. A quarterly study by McKinsey found that seventy percent of organizations plan to use or plan a motivational program (Dewhurst, Gutridge and Mohr, 2009). Many managers still believe that money is everything. Through research most people except non-financial gifts or recognition have been shown to serve as a better motivator than money (Dewhurst, Gutridge and Mohr, 2009) Gifts can be obtained either financially or non-financially, independently or group.

There are positive and negative aspects to workplace groups. Group benefits can be positive because employees have a common bond, and groups are more effective and increased communication between employees and top management due to team environment. Some examples are given below for financial and non-financial rewards (Dewhurst, Gutridge and Mohr, 2009).

•     Create a friendly work environment

Employees spend a large amount of time of their lives for working in the office. (Graham, 1999).Therefore, need to make the office environment as look like friendly and appealing as possible.

•     Acknowledge  employees’ achievement

Everyone wants to be recognized for something they have done; be it for work or personal achievement. Accepting a job from top management means more to an employee (Graham, 1999).

• Rewarding employees

The rewards must be meaningful and be given for an action that the manager wants repeated by other employees. To make a reward meaningful, it should be specific to the person receiving it, and it should have thought put into it. It will mean more to a person if they know the reward is sentimental and meant for them. Employees should not be given a reward for a good effort, but instead on a stellar job on a project or action. It is also important to recognize the employees that are behind the scenes and doing the background work. Without these people, the organization would not stay afloat (Graham, 1999).

·        Positive communication is the key

Everyone communicates on the job and it can be the easiest thing management can do with employees sometime each day to speak a word with your employees and discussions from concerns to comments (Graham, 1999).This will not only make employees happy, but will also give employees the essential insight into your business.

·        Encourage friendly competition

A little competition among the employees is healthy (Graham, 1999). A competitive environment is a productive environment. Encourage employees to participate in competitions or challenges as it is healthy and may actually lead to increased camaraderie. Friendly competition amongst teams helps with employee engagement and employee participation.

·        Encourage creativity

A new generation employees have innovative techniques and it will encourage to make creativity of work environment with effective and efficiency (Barbuto, 2007).

·        Encourage teamwork

Teamwork is a main way to achieve the goals of an organization it would encourage/motivate by the top management the organization will achieve goals in the target time period easily (Barbuto, 2007).

·        Welcome all ideas

According to the ideas of an employee’s it will create the new opportunity/diversity for the institution in future/present. Since management would encourage/welcome the ideas to improve the business or something it will motivate the employees (Barbuto, 2007).

Financial rewards are short-term motivation for employees and then forgotten in the career of the employee. This method does not take much time to manage, but it does not have a lasting impact on employees

The most common financial reward is a monetary bonus or salary increase. More than half of the employees surveyed in 2009 by the Human Resources Management Society states benefits and compensation were important ("2009 employee job satisfaction"). With the recent economy, compensation may be more important, but it will not serve as a strong motivator for everyone. A cash bonus is a permanent salary to encourage employees to work hard and meet company goals additional payment on top (Hodder Education, 2009). A bonus, motivates the employee to understand exactly what the corporate objectives are, as well as being a profitable employee and making sure the goals are met.

Another form of financial motivation is organizations that offer employees to participate in a profit sharing program. Profit sharing, as its name implies, allows employees to get a share of their profits above their regular wages. This type of motivation is commonly used in the service sector because it is difficult to calculate the employee's profit contribution to the company (Hodder Education, 2009).All organizations are following above mentioned motivation techniques to satisfy the employees and to achieve the organization's goals.

List of References:

Baldoni, J., (2005). Motivation Secrets. Great Motivation Secrets of Great Leaders. [Online] http://govleaders.org/motivation_secrets.htm.

Burton,K.,(2012). A Study of Motivation., Indiana University.

Graham ,S(1999) what employers must do to Motivation. in African Americans

Homans, G.C. (1958) Social Behavior as Exchange the American Journal of Sociology, Vol. 63, No.6, Emile.

Kamalian, A. R., Yaghoubi, N. M., & Moloudi, J., (2010) Survey of Relationship between Organizational Justice and Empowerment (A Case Study). European Journal of Economics, Finance and Administrative Sciences.