Sometimes money is a powerful incentive. (Photo credit: wayneandwax)
How to Motivate Your Team for Excellence
All businesses thrive or fail based on the performance of their staff. At StellarHire Partners, we’ve determined that aside from recruiting the right people, keeping them happy and motivated is a challenge all employers face. Fortunately, this challenge doesn’t have to be a difficult one.
There are three major components to consider while motivating your team to always provide quality services.
Financial incentive is the first and most obvious incentive. Find a way to connect tangible results with financial rewards. Whether it’s a certain pay scale or bonuses, employees are more likely to
work hard to reach a financial goal. Just like anything else, however, financial incentives only go so far.
Good management motivates employees. While micromanagement offers quick, short-term results, it stresses and undermines your team. Instead, fight for their loyalty by truly getting to know employees on a personal basis. This also allows you to learn everyone’s strengths and weaknesses, which you can use while managing the team.
People want to feel like they’re part of a team in the workplace. By encouraging camaraderie, you’re motivating employees to support each other. Stronger individual performances mean a stronger team performance, which means a stronger business!