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Cool Ways to Keep Employees Happy: Motivation and Retention Tricks

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Niamh Douglas

23/05/2023

Business

Motivation and Leadership

Cool Ways to Keep Employees Happy: Motivation and Retention Tricks

A comprehensive guide to employee motivation and retention strategies in the workplace, covering both financial and non-financial motivation methods that managers can implement to boost productivity and maintain a satisfied workforce.

• Effective motivation leads to increased productivity, lower absenteeism, and reduced staff turnover
• Financial motivation includes various compensation methods like performance-related pay, bonuses, and profit sharing
Flexible working benefits for staff motivation encompass options like remote work, flexitime, and job sharing
• Non-financial motivation strategies focus on workplace environment, career development, and employee recognition
• Maslow's Hierarchy of Needs provides a theoretical framework for understanding employee motivation

...

23/05/2023

113

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

View

Financial Motivation Methods

This section delves deeper into various financial incentives that organizations can use to motivate their workforce. The content explores different compensation structures designed to encourage specific employee behaviors and outcomes.

Vocabulary: Commission - A percentage-based payment calculated on sales value achieved by an employee.

Definition: Performance-related pay refers to salary increases tied to achieving specific standards or targets.

The section outlines several key financial motivation methods:

  • Commission-based compensation
  • Performance-related pay
  • Bonus schemes
  • Fair salary structures
  • Profit sharing initiatives

Highlight: Profit sharing schemes create a direct link between company success and employee rewards, fostering a sense of ownership and commitment.

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

View

Non-Financial Motivation Methods

This section explores various non-monetary approaches to employee motivation, with a particular focus on flexible working practices and workplace environment improvements.

Definition: Flexible working practices are arrangements that give employees control over when, where, and how they work.

The section details various flexible working options:

  • Part-time arrangements
  • Job sharing opportunities
  • Remote working possibilities
  • Flexible scheduling (Flexitime)

Highlight: Flexible working arrangements contribute to improved work-life balance and reduced absenteeism while helping organizations retain valuable employees.

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

View

Employee Development and Recognition

This section focuses on growth opportunities and recognition systems that contribute to employee motivation and retention.

Definition: Job enrichment involves expanding job responsibilities to make work more challenging and interesting.

Key motivation strategies covered include:

  • Training and development programs
  • Clear promotion pathways
  • Employee recognition systems
  • Participative decision-making
  • Fringe benefits

Example: Fringe benefits might include gym memberships, company cars, health insurance, or childcare support.

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

View

Job Design and Rotation

This section examines how job design and rotation can enhance employee motivation through varied experiences and skill development.

Definition: Job rotation is the systematic movement of employees between different roles to broaden their skills and experience.

The benefits of job rotation include:

  • Increased job interest
  • Skill development
  • Reduced monotony
  • Enhanced employee engagement
Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

View

Motivational Theory

This section introduces Maslow's Hierarchy of Needs as a theoretical framework for understanding employee motivation.

Definition: Maslow's Hierarchy of Needs is a theory that describes five levels of human needs, from basic physiological needs to self-actualization.

Highlight: The hierarchy demonstrates how employees progress through different motivational stages, starting with basic needs before moving to higher-level motivators.

The five levels of needs are:

  1. Physiological needs
  2. Safety needs
  3. Social connection/Belonging
  4. Esteem
  5. Self-actualization

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Cool Ways to Keep Employees Happy: Motivation and Retention Tricks

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Niamh Douglas

@niamhdouglas

·

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A comprehensive guide to employee motivation and retention strategies in the workplace, covering both financial and non-financial motivation methods that managers can implement to boost productivity and maintain a satisfied workforce.

• Effective motivation leads to increased productivity, lower absenteeism, and reduced staff turnover
• Financial motivation includes various compensation methods like performance-related pay, bonuses, and profit sharing
Flexible working benefits for staff motivation encompass options like remote work, flexitime, and job sharing
• Non-financial motivation strategies focus on workplace environment, career development, and employee recognition
• Maslow's Hierarchy of Needs provides a theoretical framework for understanding employee motivation

...

23/05/2023

113

 

S5/S6

 

Business

6

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

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Access to all documents

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Join milions of students

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Financial Motivation Methods

This section delves deeper into various financial incentives that organizations can use to motivate their workforce. The content explores different compensation structures designed to encourage specific employee behaviors and outcomes.

Vocabulary: Commission - A percentage-based payment calculated on sales value achieved by an employee.

Definition: Performance-related pay refers to salary increases tied to achieving specific standards or targets.

The section outlines several key financial motivation methods:

  • Commission-based compensation
  • Performance-related pay
  • Bonus schemes
  • Fair salary structures
  • Profit sharing initiatives

Highlight: Profit sharing schemes create a direct link between company success and employee rewards, fostering a sense of ownership and commitment.

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Non-Financial Motivation Methods

This section explores various non-monetary approaches to employee motivation, with a particular focus on flexible working practices and workplace environment improvements.

Definition: Flexible working practices are arrangements that give employees control over when, where, and how they work.

The section details various flexible working options:

  • Part-time arrangements
  • Job sharing opportunities
  • Remote working possibilities
  • Flexible scheduling (Flexitime)

Highlight: Flexible working arrangements contribute to improved work-life balance and reduced absenteeism while helping organizations retain valuable employees.

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Employee Development and Recognition

This section focuses on growth opportunities and recognition systems that contribute to employee motivation and retention.

Definition: Job enrichment involves expanding job responsibilities to make work more challenging and interesting.

Key motivation strategies covered include:

  • Training and development programs
  • Clear promotion pathways
  • Employee recognition systems
  • Participative decision-making
  • Fringe benefits

Example: Fringe benefits might include gym memberships, company cars, health insurance, or childcare support.

Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Job Design and Rotation

This section examines how job design and rotation can enhance employee motivation through varied experiences and skill development.

Definition: Job rotation is the systematic movement of employees between different roles to broaden their skills and experience.

The benefits of job rotation include:

  • Increased job interest
  • Skill development
  • Reduced monotony
  • Enhanced employee engagement
Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Motivational Theory

This section introduces Maslow's Hierarchy of Needs as a theoretical framework for understanding employee motivation.

Definition: Maslow's Hierarchy of Needs is a theory that describes five levels of human needs, from basic physiological needs to self-actualization.

Highlight: The hierarchy demonstrates how employees progress through different motivational stages, starting with basic needs before moving to higher-level motivators.

The five levels of needs are:

  1. Physiological needs
  2. Safety needs
  3. Social connection/Belonging
  4. Esteem
  5. Self-actualization
Motivation and Leadership
Retaining and Motivating Staff
It is important that stuff stay motivated at work. Motivated staff will lead
to:
In

Sign up to see the content. It's free!

Access to all documents

Improve your grades

Join milions of students

By signing up you accept Terms of Service and Privacy Policy

Introduction to Motivation and Leadership

The opening section establishes the fundamental importance of employee motivation in the workplace and its direct impact on organizational success. Managers play a crucial role in implementing both financial and non-financial motivation methods.

Definition: Employee motivation refers to the level of commitment, energy, and creativity that workers bring to their jobs.

Highlight: Motivated employees contribute to:

  • Increased productivity
  • Lower absenteeism rates
  • Higher quality production
  • Reduced staff turnover
  • Enhanced company reputation

The section introduces two primary categories of motivation methods:

  1. Financial methods
  2. Non-financial methods

Example: Time rates and piece rates are introduced as basic financial motivation methods, where employees are compensated either for their time worked or units produced.

Can't find what you're looking for? Explore other subjects.

Knowunity is the #1 education app in five European countries

Knowunity has been named a featured story on Apple and has regularly topped the app store charts in the education category in Germany, Italy, Poland, Switzerland, and the United Kingdom. Join Knowunity today and help millions of students around the world.

Ranked #1 Education App

Download in

Google Play

Download in

App Store

Knowunity is the #1 education app in five European countries

4.9+

Average app rating

17 M

Pupils love Knowunity

#1

In education app charts in 17 countries

950 K+

Students have uploaded notes

Still not convinced? See what other students are saying...

iOS User

I love this app so much, I also use it daily. I recommend Knowunity to everyone!!! I went from a D to an A with it :D

Philip, iOS User

The app is very simple and well designed. So far I have always found everything I was looking for :D

Lena, iOS user

I love this app ❤️ I actually use it every time I study.