New Month, New Financial Year. Tips on How to Improve Employee Motivation!

Overview

Employee motivation is when your workforce is driven to perform tasks that help your organisation reach its goals. Motivation is also shown to drive retention and improve company’s culture. The Epiphany Group HR team have put together ways in which you can still reward your employees when budgets are tight. Regardless of how well-deserving they are, if the money isn’t available then the bonus or pay rise an employee may have otherwise expected can no longer be given.

9 ways to recognise top performance when budgets are tight:

1. Create bespoke solutions

It’s important to identify and recognise what motivates each individual employee. Ask for feedback from each employee to ensure the rewards you offer will motivate them.

2. Expressing genuine appreciation

A genuine and heartfelt ‘thank you’ can be highly motivating and make an employee feel appreciated.

3. Enhancing work-life balance

Work-life balance is high on employees’ agendas. Improving work-life balance can significantly contribute to enhancing employees’ experience.

4. Career progression

Shows you are invested in their future, while acknowledging their strong performance in real time.

5. Introducing challenging opportunities

Opportunity to work on more challenging or varied work and expand their skills may be more meaningful.

6. Merit-based achievements

Important to acknowledge and action merit-based promotions, even when budgets are tight. Value an employee’s hard work and support their career growth.

7. Commitment to learning and development

Offering ongoing learning and development opportunities can be a great way to reward top performers and enhance their emotional salary.

8. Flexible working arrangements

Flexible working options are very important to today’s skilled professionals.

9. Rewarding with additional annual leave

You could, for instance, offer a top performer the opportunity to take an afternoon off or have a long weekend.

In today’s tight talent market, candidates look for jobs that will contribute to their overall wellbeing and happiness. While salary is an important factor when choosing a job, an employer who also offers desired benefits beyond money can help secure a desired candidate.

Why is motivating your workforce so important for today’s corporate environment?

  • Improved employee well being
  • Enhanced performance and productivity
  • Competitive advantage
  • Achieving good results
  • Lower levels of staff turnover