Allen Woo explains how to motivate employees with minimal financial input

Record numbers of workers are leaving their jobs this year. The pandemic is largely responsible for the flurry of resignations. Employers can’t shut their eyes. As job openings in all sectors have created a renewed sense of opportunity, it is more important than ever to motivate and keep employees close. Allen Woo is an expert in people development and a business specialist who shares his insights on how businesses can make the most of their workforce without making a huge financial investment.

It’s not uncommon for people who are unhappy to stay at a job that they don’t enjoy to have problems with productivity and focus. Only 67% of American workers aren’t engaged in their work, and they aren’t motivated enough to do the best job. These companies lose more than a trillion dollars each year due to this loss in productivity.

Money is a powerful motivator. A living wage is even more important. Once you have your talent secured at a fair salary, it is important to continue to motivate them. For salaried positions, bonuses are common. It’s also a good idea to pay for lunch every now and again. If an employer is only interested in spending money, they will eventually put a hole into your pocket.

Explains Woo, “Each employee has their own goals and dreams. People choose to work for their brains, personal development, recognition, and to be recognized by others when they accomplish something amazing.”

It’s difficult to understand what drives your employees unless you get to know them from the inside. Without that, it’s difficult to give them the right push. It is important to get to know your employees and to determine their priorities. Only then can you help your employees focus their energy on work.

People are always looking to learn and grow on the job. They are looking to grow their skills and their professional career. This thirst for knowledge can make a difference. Consider pairing young, ambitious employees with mentors who are experts in their field.

It’s fine to give people the space and time they need to learn, but it’s not always enough. If there is no guidance, learning new skills can quickly become a culture of neglect and slacking. Employees require resources to learn so that they can make the most of their time. The organization should ensure these resources are available.

Employees should have the freedom to try new ideas and learn from mistakes. This is what makes learning faster in the workplace. They will learn more quickly if they are able to try new things and not fear being punished.

It is not uncommon for employees to be asked to do the same tasks over many years. This can affect their motivation. People become bored when they are asked to do the same tasks every day. It might be time for your company to make some changes if they have been using the same systems for a while.

It’s possible to achieve great results by introducing more efficient and simplified solutions for daily workflow. Consider where your team can save time and effort by not spending their efforts on things that aren’t important. To help your sales team communicate more effectively with prospects and leads, you might consider implementing an online scheduling system.

Engaged employees are happier and more likely to enjoy their work. They produce better results and have higher productivity rates. To improve employee engagement, you can transition from meetings (town halls or manpower meetings are great for this) into an internal podcast that can be listened anytime, anywhere.

Employees are free to pursue the ideas that they believe will succeed by creating a culture of ownership and accountability. This allows employees to define their own approach and discover the most efficient way to do their job.

Naturally, autonomy comes with a certain amount of responsibility. You cannot force them to take on this responsibility. You can give them the tools they need to do what you have given them and let them manage things on their own. This will help them develop a ownership mindset that will be beneficial to the company and themselves.

Having a highly engaged workforce will increase your company’s productivity, profitability, and retention. This is a fruit at your fingertips that companies should not miss. All management needs to do is stay connected with employees and nurture the relationship over time.

It can be anything to spend time with your employees. It’s a great way to build friendships and share stories. You can help them to be more mentally and physically healthy and adapt better by allowing them to participate in socialization and teamwork activities. You will attract more people if you discover your passion and humanity.

How people connect is influenced by culture. The Boomer generation was raised with different ideals than the millennial generation. Generation Z is the same. It’s helpful to know your top movies, music, and shows for a company party.

There may be differences in the ambition of different generations. Woo explains that a young college graduate is likely to be eager to learn more. An experienced manager, on the other hand, can step in and help implement existing skills. Each type of person should find the right role to perform at their best.

Employee motivation and engagement can be improved by using the SMART framework. It makes it clear, measurable and achievable and realistic, and gives them a time limit. It provides employees with a clear sense and helps them to organize their day in order to achieve their goals.

A healthy competition environment encourages the pursuit of higher achievements and causes everyone in the group to take root for everyone else. Instead of wishing others to fail, employees will collectively expect everyone to do well. The organization will benefit greatly from this process.

Employees can improve their skills and retain and nurture their talent by creating a culture of learning. Your employees will be more motivated and focused if they have a clear path to the top of the corporate ladder. If you care deeply about your employees’ professional development, you can help your company in many ways that you would not have expected.