If you think employees come to work for just a paycheck, think again. A paycheck may be what gets them in the door in the short term, but that’s certainly not what motivates them to stay and perform over the long term. In fact, a study conducted by Watson Wyatt Worldwide indicated that only 15 percent of employees cited expectation of financial reward as a very significant motivation for performance.
Let me repeat that. Only 15 percent cited financial reward as a significant motivator for their performance.
Still think employees should do their job in reward for just a paycheck? If you answered yes, then you are going to have trouble in the current employment market. In fact, many employers are desperate for workers. In April, the Bureau of Labor Statistics reported that there were 9.3 million job openings.
How can you motivate employees or colleagues to get the job done? In a recent leadership workshop I conducted, I asked participants to come up with 25 non-monetary rewards and motivators. Here they are.
- Say thank you
- Give credit for ideas and work
- Public recognition – atta girl/ atta boy
- Celebration cake
- Written thank you note
- Casual day or jean’s day
- Recognition in company newsletter
- Balloons or banner at desk
- Recognition pin
- Time-off for volunteer or other activity
- Mascot award that gets passed around
- Employee of the month parking spot
- Five dollar food or coffee gift card
- Time off – from a few hours to a full day
- Hall of Fame with employee photo
- Special plaque or award honoring achievement
- Lunch with the department head or CEO
- Logo items – shirt, travel mug, other
- Send flowers or a plant
- Gift certificates (movie, dinner, spa)
- Bring coffee, lunch or dessert for a week
- Contribution to favorite charity or child’s school
- Personal concierge to pick up dry cleaning, wash car, other
- Funds to attend a special conference or training event
- Special, high profile assignment
The workshop participants actually came up with well over twenty five ideas once they got going because they were so energized with this exercise. No wonder Mary Kay Ash, founder of Mary Kay Cosmetics, once said, “There are two things people want more than sex or money… recognition and praise.” Remember, the latter is well within our control no matter what our role in the company. Who will you recognize or praise today?
Speaker. Coach. Consultant.
“Dream Big. Take Action. Make It Happen.”
Founder, Women at the Top® (WATT®) Network
- Posted by Regina
- On September 1, 2021
- 0 Comments