For most employers, the ability to drive business growth directly corresponds with how motivated your workforce is.
But how do you motivate your team? Usually, this involves incentivizing your team to increase referrals and productivity. However, not all employers can afford consistent monetized rewards, such as a referral program, to incentivize their team.
So, the million-dollar question: what can you offer instead?
Fuelling motivation with alternative incentives
Alternative incentives that align with your unique company culture are great for motivating your team.
These might include:
- Extra days off,
- Training and development opportunities,
- Office parties,
- Fun team outings,
- Flexible work arrangements,
- And more!
And remember: every employee is unique, with different motivators and aspirations. To personalize your approach, take the time to understand what motivates your team on an individual level by conducting surveys or encouraging team discussions.
It’s essential to align incentives and strategies with your employees’ motivations to effectively incentivize business growth!
Motivation beyond incentives
While alternative incentives can enhance performance and engage employees, you shouldn’t rely solely on them to motivate your team.
When considering the need for consistent incentives, you need to first ask yourself WHY employees may lack intrinsic motivation and engagement.
Are there underlying challenges? Unclear expectations, lack of growth opportunities, or maybe suboptimal feedback processes?
Once you identify and understand the barriers that lie between your people and their full potential, you’ll want to work on nurturing intrinsic motivation within your team. This might involve providing your people with meaningful work, encouraging creativity and innovation, and creating a positive work environment that fosters a sense of belonging.
Identifying and addressing these barriers at their root can have a significant impact on encouraging and maintaining high levels of motivation! (And, also, more business growth!)
P.S. Organizing the occasional fun team event doesn’t hurt, either. 😉 (Karaoke, anyone?)
Not sure why your employees are lacking motivation? We can help you uncover the underlying barriers – get in touch with our team today!