‘Pay’ It Forward: Motivating Employees Beyond Bonuses and Money

Whether we like to admit it or not, money is one of the reasons we come to work. We get compensation for the work we do. “I’m only doing this for the money” is a phrase I hear many unmotivated, uninspired employees say.

Money, however, can only go so far in motivating people to come to the office, work, and be happy with what they’re doing. Yes, employees need fair compensation to avoid creating any unneeded contention about not being valued, but overpaying does have its pitfalls. It does little to motivate people to work hard in achieving company goals.

Sometimes, money just isn’t enough. When that happens, here are a few alternative techniques to motivate employees to keep everyone engaged and interested when pay doesn’t.

Words of Appreciation

Appreciation is one of the greatest motivators. In my years of experience working with hundreds of companies, I know that a few kind words go a long way. Simply showing appreciation for an employee’s hard work, initiative, enthusiasm, or work ethic incites more of that positive behavior.

I’m not saying managers and business owners don’t appreciate their employees enough; it’s that the management often forgets to express that appreciation. A simple, heartfelt “thank you for your hard work” can do wonders in motivating people.

Meaningful Reward

When it comes to rewards, a well-thought-out gift is always better than a random one. Rewarding employees for a job well done through a gift that’s deeply personal and meaningful shows them you care. You put in the effort to get to know them and you cared enough to know their favorite something. That is more valuable in motivating them than a measly raise.

Free Reign

Managers and owners who are controlling often make employees less productive. You’d be grooming them in a way that makes them afraid to move forward without constant approval.

One way to boost motivation here is to let go. You’d be surprised to see people working harder when you let them work on their own terms. Don’t throw out office and company guidelines, but know that it’s okay to be lenient from time to time.

Lending an Ear

One great compliment I can always instantly give is lending an open ear to the people around. When was the last time you really listened to your staff? Sure, you had a meeting this morning but was it really a collaborative meeting, or one where people just sat around the table and listened as you barked orders?

Listening to the ideas of other and implementing when appropriate is a big step in empowering employees.

Money may make the world go round, but there’s a lot more to happiness and motivation than green paper. If you’re having trouble with company morale, productivity, or any related issue, I’m the guy to call. My name is Brad Montgomery and I’d be happy to lend a helping hand. Connect with us today and know more about the power of motivation.