Money is not what motivates your employees
If you think that money is the key factor when it comes to motivating your employees then you are mistaken. Money motivates people to get in their car and drive or take a bus to work. Once they arrive at work, however, money has relatively little impact on the level of motivation an employee has related to his/her job. The internal drive one has to achieve an objective and get reinforced for it is what the concept of motivation is all about.
Apathy, caused by a lack of motivation, is the result of a work environment that does not provide employees with recognition for job performance, which in turn contributes to mistakes, poor customer service and the general attitude of not caring about what one is doing. Employee apathy is very costly for businesses both big and small and is the reason why organizations spend significant amounts of money in an attempt to reduce it.
Providing employees with recognition or positive feedback costs little or nothing at all and pays big dividends in terms of their ability to motivate and yet, even in 2011, are still not part of the culture in most organizations. Of course employees who work in a for profit organization have every right to ask, “If I perform at high levels what’s in it for me?” The answer is that top performers should be rewarded with bonuses and incentives in order to emphasize that the recognition of excellence is a core value of an organization.
If you want to motivate your employees tie their bonuses to specific and measureable performance objectives. You can pay people a lot of money but if they don’t like what they do or are not recognized for what they do, then they will show up for their pay check but they really won’t put much effort into their job. You see, it is recognition not money that is the key to motivating employees.
Synergistics HRDS
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