Happy employees = efficiency and loyalty.
A post by Scott Keller on the HBR blog talks about motivating employees to perform better. Scott eloquently sums up a raft of research suggesting that building a strong social bond with your employees encourages positive behaviour and performance much more than money does.
By recognising the efforts of your employees and rewarding their behaviour in the workplace, employees engage and perform. The best part; by providing incentives and rewards, your employees feel more connected to the company and team work and collaboration are increased. Scott suggests, “The boost in motivation and connection to the leader and the company can last for months if not years.” So showing a little appreciation means your employees are more likely to be in it for the long haul.
In today’s workplace it seems it is far more beneficial to focus on social incentives rather than monetary ones, “The offer of a gift rather than payment indicates that social and not market norms are in play.
“When it comes to creating motivation in the workplace, leaders consistently underuse social norms to shape behavior. Social norms are not only cheaper and more practical but often more effective. “
Check out the blog post for further reading.
Mark is the General Manager of Power2Motivate APAC, delivering world class employee recognition and B2B loyalty programs to a wide range of clients.