How to keep your employees motivated

Employees and their attitudes and dedication towards your business are a key factor in the success of any organisation. As the business owner, you are naturally excited about your vision for the business and making it a success. But you should not assume that your employees will automatically feel the same way. After all, employees have their individual missions that may not necessarily be about helping you achieve your vision. In 2015, a Society for Human Resource Management survey on employee job satisfaction found that only 69 per cent felt they were consistently putting all their effort into their work.

You may hire stellar employees, but you have to keep them motivated and optimise their productivity. By motivation, we do not just mean paying them well. While monetary benefits are amazing, a 2014 study found that money did not top the list of motivating factors for employees. Instead, employees listed factors such as peer motivation, and feeling encouraged and recognised, and making a difference as the top motivators. A study by the Federal Reserve Bank of Boston found than 69 per cent of employees say that they would work harder and stick around longer if their bosses gave them more recognition for their work.