The success of your business depends on the people who work for you. One way of increasing productivity and performance is to motivate employees to work better and more efficiently. Keeping your employees motivated is one of the most challenging roles you have as a business owner.
One of the mistakes business owners make is thinking that money is the only motivator. It is not secret that most employees respond positively to incentives. But the thing to realize is that money is just one of many motivators. There are a wide variety of tools and techniques you can use to motivate your employees without money.
Thanking employees for a job well done is so simple and effective technique to motivate them. Almost all employees want to work in a pleasant and progressive environment where they feel valued and respected. One of the most common motivation tools to show your appreciation is the “employee of the month” award.