Some motivating factors that can attract employees:-
- Interesting Work
Intrinsic motivation comes from the share joy and pleasure of doing a task. To maximize employee performance, find out what employees like about their jobs and then try to add more tasks that align with their own natural interests and talents.
- Appreciation & Recognition
William James said The deepest desire in human nature is to be appreciated.” It does not matter how much you pay someone, everyone wants to know that their efforts are being seen and appreciated, especially by their manager.
- Feeling Involved In the Work Process
Research shows that when people get to participate in creating a– system or process, they are much more likely to follow it than one simply imposed upon them by an outside expert. Recognize that the people doing the job have the knowledge of how things can be done better, faster, and cheaper. Make it easy for them to offer suggestions and reward employees who contribute ideas that add value to the bottom line.
Napoleon once remarked, “It is amazing how willing men are to risk their lives for a little bit of tin and ribbon to wear upon their chest.” Awards and prizes can serve as a great motivator to harness the power of healthy competition. It is always better to use rewards that are meaningful and inspiring.
- Job Security
If everybody had what it takes to be an entrepreneur, then there would be no General Electric or Toyota and we would all be buying products from artisans and craft workers. Thankfully, many people prefer to be part of a large organization and can be more productive when they get to focus on doing their job instead of worrying about developing a business plan or marketing strategy.
- Increased Responsibility
Some employees lack ambition and have no desire to advance on the job, but the vast majority of workers want a chance to take on more responsibility and add more value to the organization. Always be aware of opportunities for training that will equip your employees with the skills and tools they will need to advance in their career. Always try to fill open positions with internal applicants before looking for an outside candidate.
- Good Wages
If you want motivated, highly productive employees you have to pay such people according to their ability and performance. Good employees are motivated by more than just good wages, but never allow low wages to be the wedge a competitor can use to steal away your best people.