Apr 5, 201810:16 AMOpen Mic
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How to motivate your employees without giving them a raise
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It’s every manager’s responsibility to motivate his or her employees. A motivated workforce will be productive and positive in their approach to the job and help you to achieve your company goals. But if you don’t have the budget to offer your employees a raise, what can you?
It’s important to remember that money is just one motivator among many. There are plenty of other ways to get your staff invested in their work. Here’s how to motivate your employees without giving them a pay raise:
Praise their efforts
When employees feel valued, they’re much more likely to work hard. Praise goes a long way and there are a number of ways you can go about it. You could take a structured approach and give out congratulations at the start of each weekly meeting. Or you could choose a more informal “great job” to show that their efforts have been recognized.
If you can’t give your employees a raise, consider whether a bonus in keeping with company profits would be possible. This will get staff really invested in working toward company goals. If this isn’t possible, choose other more affordable incentives. For instance, an extra paid day off, a gift card, or tickets to a big sporting event.
Give them in-office perks
The little things can make a big difference to employee motivation. You may not need to spend a huge amount of money to improve your workplace culture and productivity as a result. A few in-office perks could be just the ticket. Your team may appreciate a regular supply of healthy office snacks, an office game room for their downtime, or a relaxing shoulder massage at their desk.
Allow them space to innovate
Employees who are expected to do rather than think are unlikely to be particularly motivated. When following instructions, we don’t tend to take proper ownership of our work or take particular pride in it. Give your employees targets rather than specific ways of working and see what innovations they come up with. Using their own initiative, they may be able to improve operations or come up with original solutions to age-old problems. You just need to give them the space to do it.