Long gone are the days when employers thought that the more you paid someone the more loyalty you could buy to your brand and the more you could inspire staff. The needs of individuals have changed and money no longer has the same impact; companies need to think outside of the ‘money box’ in order to maintain staff motivation, loyalty and improve productivity.
‘What really motivates employees?‘ by Kathleen Davis, highlights the vast change in attitude we now have towards money as a motivator. Employers are now investing in far more detailed methods of driving up employee satisfaction.
Ensuring your workforce is kept happy, engaged and valued is key to a successful company. Money is no longer associated with power and success, as Pink Floyd once said “money, so they say, is the root of all evil today!”
Money can actually harm staff motivation
Davis features an infographic highlighting the negative impact money can have when used as a staff motivation tool. Featuring collective data from motivation reports and surveys, along with suggestions and theories from industry experts, companies should absorb this information and start to explore alternative solutions.
John is responsible for the motivation division of p&mm ltd and a Director on the board of the IPM. Specialising in developing, implementing and directing many large scale staff motivation, recognition and employee communications programmes.
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