Better work motivation translates to only positive results. Read on, and you'll see why it's worth your while to invest heavily in elements that make your employees want to come to work and do their very best.
Five Concrete Benefits of Employee Motivation
1. Improved Productivity
Motivated employees work more efficiently, producing better products or services in less time. Unmotivated employees waste time surfing the Web and using e-mail and instant messaging for personal benefit. They generally take longer to accomplish the tasks assigned. By keeping your employees motivated, you'll see improved productivity.
2. Higher Quality of Service or Product
When employees are motivated, they invest time, effort and brain power into producing the best products or services possible. They take pride in their work, meaning they will give your company a better name out in the market simply by producing a superior product. Unmotivated employees, on the other hand, will put in the bare minimum effort, resulting in poor customer service, and low-quality products.
3. Monetary Savings
Improved productivity and higher quality services and products equal monetary gains for your company. This opens up cash for improvements in the company or to be used as benefits for employees.
4. Better Employee Retention Rates
If your employees are motivated, you will be able to retain more of them. Every time you hire a new employee, you have to invest time getting that person up to speed on the job requirements, integrating that person into the workforce and figuring out exactly how that new person can contribute. Existing employees have a wealth of knowledge about your company and how projects work. They are also already accustomed to working with the other employees at your facility. By retaining employees, you save money and time.
5. Pleasant Work Environment
Motivated employees are happy employees. Better morale is contagious; it leads to a pleasant work environment and better productivity. All this means a better workday for everyone.
A good manager will teach employees some self-motivation techniques. A manager's number-one job is to motivate employees to be as productive as possible, but self-motivation also plays a role.
Why is employee motivation important? Employee motivation can make the difference between success and failure for your business. Crafting an effective strategy requires you to consider the individual needs of your employees.