Friday, November 6, 2009

Motivating Employees

Mckenzie quarterly recently published an article about motivating employees in this economy. I think its by chance that the article was published in this economy and it became so important to understand. With all the companies in dearth of cash and depleted reserves, following were cited as three main ideas that can help manage employees anxiety and motivate them to do their jobs enthusiastically:

1. Appraisal from immediate manager - works wonder in any situation irrespective if economy. Important to get things done in the right way.
2. Interaction with senior leadership - Senior leadership has to be immensely sensitive to employees anxiety and keep in touch with them via emails, regular (weekly / bi-weekly) updates, personal meetings and appraise etc.
3. Opportunity to lead tasks if not projects - This brings the sense of worth in any employee as he gets energized to accomplish the assigned task / project.

Traditional motivation comes from (in sequence):
1. Cash Bonus
2. Basic Salary Hike
3. Stock and Stock Options

With traditions in jeopardy right now, follow the modern trends and get the most out of your organization. Here is the full story: https://www.mckinseyquarterly.com/Organization/Talent/Motivating_people_Getting_beyond_money_2460

No comments: