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Effective Ways to Motivate Your Team When You’re on a Budget

Posted on July 5th, 2016 Read time: 2 minutes

Studies show that in the U.S., the majority of the workforce is unhappy with their jobs, leading to decreased productivity and a lower bottom line. However, few employees are motivated to work harder by being offered more money. Learn four low-cost ways you can increase productivity in your organization without spending a lot of money while making your employees happy. 

  • Feedback

Giving feedback to each employee is important. People enjoy being acknowledged and knowing how their work is impacting your business. You need to point out the good as well as the bad so each worker knows what they are doing well and what needs improvement. Constructive feedback given consistently shows employees you see their potential and care about their growth. Feeling support greatly motivates workers to increase their output levels and grow your bottom line. Have regular conversations with each employee to determine their personality traits, values, and work styles so you can customize feedback and achieve the most beneficial results. 

  • Employee Vacations

Employees need time off work for resting and recharging. Having a temporary change of pace helps workers come back refreshed and more productive. However, many employees don’t take PTO due to concerns about being passed over for a promotion, or simply not having enough time to take a vacation. Therefore, it’s in your best interest to encourage your workers to spend time away from work doing what they love. You should also lead by example, since you’ll be a more effective leader when you’re relaxed as well. Show your workers that vacation time is as important as work time, and encourage them to take time off for themselves.

  • Career Paths

Mapping out steps to reach individual career goals keeps employees engaged in their work. Get to know each employee’s passions, strengths, and weaknesses so you can help them determine the best opportunities for achieving what they want. Show how your business can help each worker as each worker helps your organization prosper.

  • Hire Internally

When you promote employees rather than hiring from outside the organization, other workers see that you reward hard work and will want to be promoted as well. This encourages employee engagement and improves your bottom line. You’ll spend much less time and money on training and onboarding when moving your employees within your organization rather than hiring new workers.

Increasing employee motivation and output is much easier when you utilize personal, inexpensive rewards. Let an employer of record like Innovative Employee Solutions take care of your administrative duties so you can focus on your employees. For additional help with saving time and money, contact the experts at Innovative Employee Solutions today!

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