Evoma’s Bangalore business centres provide office space and business support facilities and services to hundreds of small businesses, startups and branch offices of large companies from all over India and abroad. One of the things we do is provide facilities for employee training sessions and team building exercises.
This is important because more than two-fifths (44 per cent) of the global workforce intend to leave their employers within five years. It’s a much bigger issue in India, where 58 per cent of employees acknowledge their intent to exit their present organisations within five years.
The two main HR mechanisms that help businesses reduce employee turnover rates are employee satisfaction and engagement. The former covers everything you can provide in terms of remuneration, perks, bonuses, etc. However, most Indian business leaders who don’t have the luxury of offering huge pay packets and incentives to their employees are trying to improve retention rates through engagement.
Here are some shocking HR statistics, revealed by Officevibe:
One of the goals of this required engagement is to keep employees highly motivated and passionate about their work, and invested in the success of your business.
So that brings us to the core issue – How do I consistently motivate my employees to “go that extra mile” for the organization? How do I get employees to give their 110%? Although motivation is highly personalised, having a sound framework to understand the psychological processes involved in motivation will be a great help to you as a business leader.
Frederick Herzberg, a clinical psychologist and a leading pioneer in job enrichment, is regarded as one of the great original thinkers in management and motivational theory.
His theory posits that employees are only truly motivated when you enable them to reach for and satisfy the factors that Herzberg identified as real motivators, which represent a far deeper level of meaning and fulfillment.
Examples of Herzberg’s two-factor motivation-hygiene needs (or maintenance factors) in the workplace are:
Herzberg’s research identified that true motivators were other completely different factors such as:
For example, if an employee continues to put in discretionary effort to produce exceptional results, but that effort isn’t recognized, then don’t expect it to keep happening. It’s not just important to recognize great work, but also how you do it. An annual bonus at the end of the year isn’t likely to do the trick. However, publicly acknowledging valuable contributions by specific team members will make that employee go the extra mile for you, and will motivate others to do the same.
According to Professor Edwin A. Locke of the University of Maryland:
As suggested by Professor Edwin:
More than anything else, leadership is about influencing others, and it can’t be done without effective communication. These are the top 3 things to keep in mind in order to be an effective communicator:
According to a study performed by the Business Executive Academy in Germany, (Akademie für Führungskräfte der Wirtschaft), a majority of employees consider their boss to be a poor listener.
If you want to be a good listener, make use of these 6 tips:
More points to help you become a good listener:
Richard Branson has famously said that he was able to build Virgin into such a huge brand and company by focusing on two key words – CUSTOMER SERVICE
But Branson recently revealed in an interview that Virgin does not put the customer first. In fact, Virgin employees are the company’s top priority. That may sound counter to business wisdom, but it has worked so well for Virgin that Branson says he’s surprised more companies haven’t adopted an employee-centric management strategy.
No organization is better than the people who run it. The fact is that you are in the people business – the business of hiring, training, and managing people to deliver the product or service you provide. If the people who work for you are the engine of your success, then they are the ones who need to be your top priority. Attend to their needs, and keep them happy, engaged and motivated. They will take care of everything else for you.
Dave Kerpen, CEO, Likeable Local (@davekerpen), says two very important things in this Inc.com piece. A) The difference between success and failure is a great team; and B) Your success as an entrepreneur depends on your ability to build and inspire a team.
One proven way to build a cohesive and smoothly functioning team is to conduct regular team building exercises. This is a customised exercise that should be designed for your specific business needs and team member profiles.
Need help with team building exercises? Evoma has training rooms and facilities for corporate events, conferences and training sessions.
We are just a call away. Book now to conduct a team building event or have a team appreciation party.