Money as a Motivator or Incentive
Top 50 Retention factors found Money was last in the list of importance.
Money is rarely the most important factor in a person's decision to leave.
http://www.shrm.org/hrresources/whitepapers_published/CMS_000117.asp
Less Motivated Employees Result in Decrease Productivity
70% of your employees are less motivated today than they used to be.
80% of your employees could perform significantly better if they wanted to.
50% of your employees only put enough effort into their work to keep their job.
http://www.employer-employee.com/motivat.htm#number1
Boost Productivity
44% increase in team performance with the right incentive programs
25% increase in productivity when offering the right incentive program for individual employees
http://promomagazine.com/research/industrytrends/marketing_thank_counts/
Motivate Employees
What do employees find to be the top 3 motivators
#1 SUPPORT & INVOLVEMENT Extremely Important
Manager provides employee information he needs 66%
Manager supports employee when he makes mistake 57%
Manager involves employee when making decisions 51%
Manager asks employee for his/her opinion or ideas 49%
# 2 PERSONAL PRAISE Extremely Important
Employee is personally thanked for doing good work 56%
Employee is given a verbal praising 50%
Manager seeks out employee to commend him/her 48%
Employee is praised for good work in front of another 31%
#3 AUTONOMY & AUTHORITY Extremely important Very important
Employee is allowed to decide how best to do work 46% 42%
Employee is given increased job autonomy 39% 48%
Employee is given increased authority in the job 39% 46%
Employee is given a choice of assignment 21% 46%
Ranking for other motivators
# 4 Flexible working hours ranging from time off, flex hours and comp time
#5 Learning Development- support employee learning new skills
#6 Manager Availability and Time
#7 Written Praise – thank you notes, cards or letter in file
#8 Electronic Praise via email or voice mail
#9 Public Praise such as a letter, ceremony or recognition in the newsletter
#10 Cash and Cash Gifts
#11 Achievements and Awards
#12 Nominal Gifts such as flowers and food
#13 Public Perks – Parking space pass around trophy etc.
http://www.nelson-motivation.com/bobsarticles.cfm
Recognition
Recognize Employees in a Timely Fashion
53% of employees expected recognition for good work soon after completing the task.
20% expect recognition immediately after doing the job.
http://www.nelson-motivation.com/bobsarticles.cfm
Employee recognition was identified as a critical source of satisfaction and retention.
Reported by a
Managers and Motivation using Non-monetary
73% percent of managers reported that they received the results they expected when they used
non-monetary recognition either immediately or soon thereafter
http://www.nelson-motivation.com/bobsarticles.cfm
83% of employees report wanting more time with their families according to Monster.com
http://promomagazine.com/incentives/motivating_empolyees_110905/index.html
Motivating Different Generations
Veterans Generation, Baby Boomers, Generation X and Generation Y or Nexters
For Information on what motivates different generations call us or send us an email for more information. achieve@achievingcorporateexcellence.com
Note we do have a spam filter that will need verification in order to receive this information.
Stress and Work
What do employees identify as a cause of stress.
41% of employees cited their workload. Doing more with less.
31% of employees cited problems, from difficult coworkers to demanding customers.
28% of employees cited “juggling work and personal life.”
http://meetingsnet.com/ar/meetings_work_stress_handle/
Time Management
Where does time go:
People working 40 hours per week lose a minimum of 3 hours per day or 15 hours per week due to poor time management.
Responding to interruptions that are not a priority quickly eats up the day.
With one interruption every 8 minutes lasting approximately 5 minutes.
Usually people experience 6 to7interruptions each hour.
This equals 50 to 60 interruptions during the day taking up 250 minutes or 4 hours.
50% of the workday is lost in this Black Hole of Interruptions.
http://www.mainstreetmom.com/jm_pg_hole.htm
Interruptions result in uncompleted work.
Include interruptions such as phone calls, emails and person-to-person interruptions, the number of interruptions can be as high as 170 interactions per day. This can result in a backlog of 200 to 300 hours of uncompleted work.
http://fastcompany.com/online/14/managetime.html
Achieving Corporate Excellence.Inc.
US (877) 656-8313 Eastern Standard time
Outside the US + 1 (772) 461-8313
Home | About Cynthia | Programs | Testimonials | Adventure-based | Contact | News letters | Shop Online