As the manager and/or owner of a company, irrespective of the size, scope, and industry you operate in, employees are the true heart of a functional and productive business.
Logically, then, it makes perfect sense that working on ways to incentivize the valuable members of your team in order to cultivate a happy working environment can only be a positive.
So, with this in mind, here are four ways to motivate and incentivize your employees.
1. Offer Hybrid Working Solutions
First and foremost, now the world of business has adapted and continues to adapt to changes in modern society and working environments, the introduction of hybrid working into your business model, where applicable, is an excellent motivational tool.
The benefits of hybrid working for you and your business include:
- Lower costs relating to real estate
- An increased level of productivity
- Impressive employee retention rates
Benefits of hybrid working for your employees include:
- More control over their working day
- An improved work-life balance
- Higher levels of employee satisfaction
2. Offer More Comprehensive Health Benefits
The most important thing any individual can have is their health and as such, focusing on providing a more comprehensive (or indeed as much as your budget allows) health and wellbeing package to your employees will be gratefully received.
Investing in a one-platform-fits-all benefits card offering leading telehealth options for your employees covering everything from vision to dental health will go a long way in ensuring your employees feel valued and appreciated.
3. Share Positive Feedback Both Internally & Externally
One simple fact that unfortunately and absolutely to their detriment, many employers fail to grasp, is that one of the most effective ways to motivate employees is entirely free and takes just a few moments: appreciation.
Appreciation, especially when framed in the form of positive feedback, either in a more formal one-to-one meeting or else in a more informal, on the noticeboard type of praise, is a hugely effective motivator and you should always strive to share positive feedback when and where appropriate.
In addition, another fantastic new medium that you could use to celebrate the hard work of your employees is to start the production of a monthly company-wide newsletter. This way, you can strive to highlight a different area of the business each month, resulting in everyone from the cleaning staff to the warehouse workers being featured in the newsletter trendingbird.
4. Personalize One-to-One Meetings
A final, relatively simple way of motivating and incentivizing every member of your team comes down to moving away from generic one-to-ones and focusing on individual meetings and catch-ups tailored to the individual net worth.
For example, team members in the human resources department are likely to have entirely different skillsets and interests to engineers working in the warehouse. As such, as the manager of either one branch or else the overarching manager of several, making the move towards personalized one-to-ones focused on professional development and satisfaction levels means your company will feel more “human” and will inspire loyalty.