High levels of stress and endless challenges can cause employees to lose focus, which could lead to a drop in productivity.
Motivating workers to perform their best is an ongoing struggle for many businesses. High levels of stress and endless challenges can cause employees to lose focus, which could lead to a drop in productivity.
When the company is performing well, the promise of additional pay or large bonuses may keep workers properly motivated. However, it is more common that budgets are tight and funding for employee incentive programs may be lacking. Companies don't need large budgets attached to their reward programs to make a difference, as employees can often be motivated by a variety of incentives.
Time Magazine cites a study by CareerBuilder that found employees see flexible work schedules and a sense of purpose as more rewarding than a new title or higher pay. This shows that recognition programs can work without a large budget. One of the most important factors in creating reward program is making the recognition public. Employees need to know about the success of their coworkers if executives hope to build a strong corporate culture.
Investors.com states that the office environment is often a key factor in employee engagement levels. Having a public recognition process increases the feelings of support workers receive from their friends and colleagues, which can help the sense of pride last longer. Showing the contribution of others in the office may also inspire workers to try harder to achieve their own personal goals.
The source notes that companies with cohesive office cultures understand their mission and incorporate their values into long-term objectives. This creates a strong vision that employees can use as guidance. When all staff members are working toward the same goal, they are motivated to help their fellow workers. Public recognition for contributions helps employees understand their role within the larger picture. Showing that all staff members have a hand in the success of the company can increase motivation significantly without the need for large cash bonuses.