Money? Title? Status? The most likely answer you will hear to the above question on what motivates employees is money. If we just had a bigger salary or bonus then we would be happier. Money is a critical factor to where an employee chooses to call home but it might be a surprise to many company leaders that it may not be THE true motivation. By solely focusing on employee compensation, companies may be missing the mark. There are some new studies that show that employees may not be as predictable as once thought. For example, in the study shown below it depends on the type of work that the employee is doing as to whether the more you pay them will result in better results. Companies today need to become more creative as to the benefits that they are giving their employees. A competitive compensation and benefits plan are important motivators but it can’t end there.
Take a moment to watch the following short animated lecture that discusses what really motivates employees. This lecture is based on a study done at MIT and in rural India and is presented in a very creative way. The results may surprise you!
Take a moment to watch the following short animated lecture that discusses what really motivates employees. This lecture is based on a study done at MIT and in rural India and is presented in a very creative way. The results may surprise you!
This video highlighted the top three motivating traits outside of money that came as a result of their study:
Autonomy- the desire to be self-directed
Mastery- the urge to get better at something
Purpose- the thing that gets you up in the morning
By understanding how our employees are really motivated we can not only reduce turnover but more importantly, help strengthen creativity and job satisfaction.
Autonomy- the desire to be self-directed
Mastery- the urge to get better at something
Purpose- the thing that gets you up in the morning
By understanding how our employees are really motivated we can not only reduce turnover but more importantly, help strengthen creativity and job satisfaction.
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