Why Employee Motivation is More Important than Ever?

It’s no secret that ever since the recession various sectors of business have begun to suffer. For instance, high street retail seems to be diminishing in the face of e-commerce and less disposable income.However, there are provable ways to grow your business even in tougher economic times, and one of these is with effective employee motivation strategies.

What is your business? Regardless of what it sells or trades your business is all about people. Whilst we can make general assumptions about certain industries, there is always an element of unpredictability and opportunity because  it is real people driving an enterprise forward. So, buy focusing on things like staff motivation you can realistically improve your business overall.

Here Are Some Tips:

Like anything in business you get out of a motivation scheme what you put in. Therefore, you should be confident enough to invest in motivation. This means ensuring you have enough room in your budget to cover everything from promotion of the incentive scheme to rewards and awards.

Make sure that the award system has universal appeal. For a motivation scheme to work then it needs to have mass appeal, and therefore very specific rewards that only appeal to one demographic, e.g. women, will not be effective. This is why cash rewards are often very effective.

On a more practical level, you need to consider the tax implications of an award scheme. However, this shouldn’t put you have staff motivation, as it could help redefine your business in these most difficult of times.