Motivating Employees

• motivation:


  -the reasons people are interested in and committed to their job

  -how driven and happy an employee is
• motivation is important to:

  -attracting employees

  -retaining employees

  -general levels of productivity
• attracting employees:

  -recommend the workplace to potential applicants

  -more likely to want to be employed at a business
• retaining employees:

  -senior employees need less support, training and monitoring

  -skills and experience are kept within the business

  -avoids wasting time and money looking through potential applicants

  -employees feel valued by businesses that invest into them
• productivity:

  -how much work is completed by employees

  -usually measured in the number of products produced or the amount of work completed in a certain period of time

  -high levels of productivity = more revenue = more profit

  -high employee motivation should lead to higher productivity
• methods of financial motivation:

  -remuneration

  -bonuses

  -commission

  -promotion

  -fringe benefits
• remuneration:

  -money employees are paid in return for working in a business

  -pay rises

  -regular yearly increases
• bonuses:


  -given for making a certain number of sales or for creating a certain amount of revenue for the business
• commission:


  -paid on top of a normal wage or salary

  -usually given as a percentage of a sale or a specified amount of money per sale
• promotions:

  -provided with a higher-ranking job and more responsibility

  -the employee earns a higher wage and receives more financial benefits

  -makes employees feel valued
• fringe benefits:

  -additional employment perks awarded to employees

  -ways of saving employees money rather than providing them with additional money

  -e.g free memberships, company car, company mobile phone, free holidays, additional holiday allowance, free parking/transport and free food/drink
• job rotation:

  -large amounts of variety in day to day roles

  -first type = different job roles in the business

  -second type = different duties within their role
• job enrichment:

  -providing a wider range of tasks for them to complete during the working day

  -giving employees more responsibility

  -lower absence rates, increased productivity and higher staff retention
• job enrichment methods:

  -completing a variety of tasks

  -more flexibility in how a role is carried out

  -having more decisions

  -more control of tasks/duties

  -developing additional skills

  -enhancing knowledge
• autonomy:


  -the degree to which employees are able to make decisions about their day-to-day roles

  -employees feel more trusted and valued by their employer with higher levels of autonomy