Employee motivation is a very significant tool to push companys progress by instilling enthusiasm in employees. In this increasing business competition, all companies wish to drive their employees with high level of energy and commitment that is keenly required for success.
There are many methods and theories implied for motivating employees. Every individual in the company is different and hence different theories are applicable to different employees. But one strategy of a positive work environment is basic for all as people thrive to work in organizations that offer a positive, safe, and secure work environment. Apart from this there are endless blends of employee benefits and add-ins like health care, profit margins, stock ownership, life insurance, usage of companys facilities, and many more to keep them motivated.
Some prevalent strategies striving to improve employee performance in global business environment are empowerment, innovation, learning, monetary incentives, and excellent quality of life. Empowerment is giving more responsibility and decision-making authority that will help them to improve task accomplishment. They should be given the freedom to express their creativity and ideas to the management so that they feel the sense of belonging. They should also be given training at regular intervals so that they get to have a better understanding and knowledge of the business. Acquisition of knowledge and new ways of performing task can be put for better work performance. Monetary incentives in the form of cash rewards and cash discounts on variety of products also push employees performance.
There are even better theories and strategies for motivation. Whatever the theory be, if the 3 golden rules of employee motivation are kept into mind, nothing can stop the growth of the employees as well as the organization. The three golden rules for motivating employees are as follows:
1.A worker should feel the sense of belonging. He or she should feel responsible for accomplishing any specified task.
2.The work should be performed in a way that when it is accomplished he or she should be aware that his or her contributions are meaningful.
3.In return the worker should get recognition and acclamation as this drives the inner spirit of any worker, pushing the companys growth to newer heights.