In today’s competitive economic environment, with historically low unemployment and high demand for qualified talent, it can be a challenge to motivate and retain good employees. While you may be unable to keep up with competitive salaries, bonuses and other cash benefits to your employees, there are a variety of other creative ways to keep them happy and on the job. In fact, statistics show that people do not necessarily need praise in the form of money to stay content and motivated. Many can be influenced by some other form of recognition. Here are some tips that can help boost your employees' morale and productivity, resulting in your motivating and retaining good employees.
Tips for Motivating and Retaining Good Employees
Give praise. People want to be recognized for their efforts. Giving on the spot recognition, praise at employee meetings or recognition in the employee newsletter for those groups and individuals that go the extra mile is a great way to boost morale. While it is great to point out team efforts, people tend to crave individual recognition as well.
Offer Career Opportunities. These can really be quite simple. Help your employees focus on their career path by offering them one on one training or advice. Reward your hard working employees with special job titles. Job titles are very important to workers. A respected title makes them feel good about themselves and offers respect and praise from friends, family and other co-workers.
Provide Leadership Opportunities. Recognize your hard working employees by letting them take on a leadership role. Have them present at a company meeting, take on additional responsibilities or let them lead up a company project.
Foster Team Spirit. Make the time to gather employees together and drum up some fun competitions. This will very often foster increased work production. A great simple reward for the competition is extra time off. Now that does not mean extra vacation days, but simply letting employees come to work a little late one day, take an extended lunch hour or leave early. Taking an employee picture, framing it and hanging it can also foster a sense of belonging.
Provide a Good Working Environment. Making sure the work space is clean, cosmetically appealing and comfortable actually can make a difference. Employees are more motivated to come to work each day if they have an inviting environment to report to.
Have Casual Dress Days. Employees love to dress down and offering them an opportunity to do so can brighten their spirits and keep them happy. Many places of business will do dress down Fridays. Another fun idea is to have dress down theme days. For example the week of the Super Bowl you could wear your favorite team jersey, on St. Patrick’s Day everyone could wear green and on Halloween people could come in a costume.
Provide Opportunities for Social Gatherings. A final great way to keep company morale high is to offer employees time away from the office to socialize. Having a summer company picnic, a holiday party, gathering for a softball game or a trip to the golf course are all fun ideas.