Managing a company or organisation requires much more than a strong business acumen and an understanding of the market. A far more vital aspect is the ability to manage people and their talents. It is often said that the people who work at a company are the biggest asset of a company – and while people certainly should never be diminished to the status of possessions, the sentiment rings true: the quality of the team behind an organisation is what determines the success of that venture. It is, however, important to note that assembling a winning team is only the tip of the iceberg. The challenge is to keep people inspired and delivering their best, and this requires maintaining motivation in the workplace.
Ultimately, motivation is what facilitates performance in the workplace. It is what drives people to perform their work, meet deadlines, become better at what they do, and go above and beyond the basic requirements of their job description. It is what allows a business to go from good to great, and to leave their competitors behind.
While performance and productivity are obvious benefits that any company strives for, there is so much more to the advantages of supporting motivation in the workplace. This effort also creates a more positive working environment, spurs employees on to be more proactive in problem-solving and to excel at challenges. Noticeably, it also has a positive impact on reducing staff turnover – a potentially costly and disruptive activity if not managed properly.
Traditionally, motivation in the workplace has been associated with the provision of extrinsic rewards. These could include but are not limited to compensation, including bonuses and salary increases, perks and benefits, and promotions in order to promote career growth.
Now, these are all still very important driving forces that play a very huge role. Proper remuneration for someone’s time and effort cannot and should not be undercut by superfluous rewards. However, as times have changed, so have some of the factors that motivate employees, and dangling a carrot as reward is not enough anymore. In fact, research has shown that only using extrinsic rewards to motivate people can actually stifle creativity and innovative thinking.
Again, do not mistake this as a reason to underinvest in employee compensation. Adequate compensation is considered a hygiene factor, and failure to compensate employees properly has a significantly negative impact on motivation in the workplace.
In addition to using extrinsic rewards in a responsible way, the following efforts will go a very long way in promoting motivation in the workplace:
Orgro aims to help you inspire motivation in the workplace and get people working better, together. We offer a range of Psychometric Testing to identify individual potential, Training and Development opportunities to develop said potential, and Organisation Development guidance to help your company perform at its peak. Get in touch to find out more about how we can work together to boost the performance of your team.
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