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toMotivate People
at
Le
ader's Guide
Work
◎ higher morale◎ performance and◎ productivity.
30% of executives say that motivating their employees is their toughest job
Why Motivation Matters?
COST
The average employee wastes 2 hours of a workday
Disengaged workers cost the economy $300 billion per year
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Disengaged workers cost the economy $300 billion per year
Carrot and Stick Approach
Most managers use it to induce a desired behaviour by blending rewards with punishment.
Problem: It only works for simple, straightforward tasks. If a task requires any creative thinking, this approach doesn't work.
Money
89% of employers assume employees leave for more money, but only 12% of employees actually earn more from their next company.
Money is a motivator, but if you pay enough, other incentives come into play
Mastery /ˈmɑː.stər.i/
the urge to direct our own lives
the urge to get better
Purpose /ˈpɜː.pəs/
Autonomy /ɔːˈtɒn.ə.mi/
be a part of something meaningful
What Motivates People?
Survey Says...
% of workers who claim the following factors are very effective motivators:
cash bonuses
pay raise
stock options
60%
52%
35%
praise from managers
attention from leaders
more responsibility
67%
63%
62%
Guide, Step 1. More praise
� Use Weekdone to know employee's current status and tasks� Be specific with your feedback� Use discerning or analytical tone when giving praise
“Your timeliness always helps me do my job better.
Thanks.”
Step 2. More attention
Only 40% of employees are well informed of their company’s goals, strategy, and tactics
� Take time for 1:1 meetings� Give people purpose by explaining the bigger picture� Use Hierarchical Objectives and Key Results to help people understand how company goals align with theirs
� Give more demanding tasks
� Give the freedom to decide for themselves� Offer opportunities for their suggestions
Step 3. More responsibility
Study found: The harder a project is, the prouder we feel of it
Properly structured incentive programs can increase employee performance by as much as 44%
� Make sure it stands out from regular pay
� Rewarded goal has to be realistic and at the same time challenging� Make sure the reward system is reviewed and changed if needed
Step 4. Better bonuses
Step 5. Pay raise
� Should be in correlation with the results and the development of an employee� Discuss the amount and terms with the employee before hand� Raise should be around 10% to make an impact
� Should be in correlation with the results and the development of an employee� Discuss the amount and terms with the employee before hand� Raise should be around 10% to make an impact
Use a performance management tool like Weekdone Know the status of your employees Give transparent feedback Set company, department, team and personal goals
Step 6. Use Weekdone
Use a performance management tool like Weekdone Know the status of your employees Give transparent feedback Set company, department, team and personal goals
Step 6. Use Weekdone
Time Management Guide
How to Set SMART Goals
BY WEEKDONE WEEKLY STATUS REPORTS
12 BEST
TIME MANAGEMENT
TECHNIQUES
HOW TO SET
S M A R TGOALS
7 Lifehacks: How to Succeed in Productivity Without Really Trying
BE MORE PRODUCTIVE NOW7 LIFEHACKS BY WEEKDONE
(that can be absorbed during a coffee break)
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