10 Tips to Motivate Employees Without Resorting to Money
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Are you looking for ways to motivate your people? If so, you need to start looking beyond monetary incentives.
The reason? Employees aren’t motivated by money. Instead, they’re motivated by intrinsic motivators like being recognized for their hard work, flexible work time, growth and advancement.
The best part is that intrinsic motivators don’t break the bank. To help you get your team on the motivation path, here are some tips on how to motivate your employees without resorting to money.
1. Autonomy, mastery and purpose.
Daniel Pink, author of “Drive: The Surprising Truth About What Motivates Us,” has found that we’re motivated by three things:
Autonomy: People want to have control over their own work. Instead of being a “helicopter boss,” give your employees the chance to make decisions. For example, if you have weekly meetings, at least have your team decide the topic or select the snacks that will be present.
Mastery: Everyone wants to get better at what they do. Provide opportunities to show your employees how they’ve progressed. Give constructive feedback, provide performance metrics, and create individual development plans.
Purpose: People want to be a part of something that is bigger than themselves. Show how their work has benefited the business. And, more importantly, show how their work has aligned with their values.
Related: 4 Ways to Motivate Employees Without Budgeting Bigger Salaries
2. Offer specific and sincere praise.
There’s no such thing as too giving too much recognition and praise to your employees. A simple “thank you” note or shout-out during a meeting should suffice. Just make sure that you’re acknowledging tangible accomplishments.
In other words, you need to quantify accomplishments by looking at specific metrics. This could include sales volume, contracts/bids won, amount of customers retained, or increase in profitability.
3. Develop a community.
By building a sense of community your employees feel connected to each other - and not just to the business.
Online forums can be used, but you can’t replace old-fashioned in-person interaction. Encourage your team to eat lunch together. Play games to go everyone a break. Hold a conference or just throw a party to celebrate reaching a milestone.
By developing a community also influences after-hours bonding. That’s why you should always invite employees and their families to events like company picnics.
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