Of course, most employees can be motivated by tangible rewards such as salary and promotion. However, there are many intangible motivators such as mentoring, personal and professional growth opportunities, and the ability to work independently that can also get the job done. Indeed, offering your employees the chance to work without excessive supervision will show your faith and trust in them, as will allowing a flexible work schedule that enables them to attend to their personal needs.
It’s also important to recognize employees for jobs well done. This may be via a financial reward such as a bonus, but it can also take the form of a new job title that reflects higher status within the company, or company-wide public recognition and thanks. No matter what you do publicly, it is also a good idea to offer an employee your personal thanks for a job well done.
Also, be sure to keep your employees challenged and engaged. Perhaps it’s time for a lateral move if a promotion isn’t possible; this is a great way to help an employee build his or her skill set. Also consider offering more opportunities for employees to engage with your clients and customers, which can be highly rewarding.
One final thought: as we noted earlier, motivating employees comes down to knowing them as individuals. To do this, you must have open lines of communication and a mutual understanding of both professional and personal goals.