| Motivating employees on a budget |
| Wednesday, 07 April 2010 09:58 |
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Top tips for motivating the troops while trudging through the recession.
Top tips for motivating the troops while trudging through the recession. With UK SMEs weathering the economic downturn, how can businesses keep their employees motivated and culture a sense of community when budgets are as tight as they have ever been?Here are some top tips for motivating the troops on a budget: Communicate effectively An intranet can be maintained at minimal cost. Use it to update everyone on company progress, news and events so that everyone feels connected. Create an inclusive environment through regular company update meetings where any excellent work can be recognised in front of the wider company. Set personal as well as business challenges Encourage employees to step outside their comfort zone in a non-business environment, for example give employees access to organised events such as sponsored walks and charity fun days. Keep up some healthy competition Setting team and individual targets helps align output with the strategic business’ objectives, but this can also be an opportunity to reward employees for good work. You can use small gestures such as awarding a box of chocolates or a bottle of wine, but you should also think creatively – some of our team leaders give ‘2 hours off’ vouchers. Invest time in before tax schemes Different incentives and benefits are attractive to, and motivate different individuals. Companies of any size can sign up for before tax benefit schemes such as the ‘cycle to work’ or ‘childcare voucher’ schemes. These require a time rather than financial investment from your company. Be flexible To keep happy staff over the long term provide a flexible working environment that can accommodate the changing interests of your employees. This allows employees to develop their career path within the company, without feeling frustrated by rigid job limitations and avoid looking for a new role outside of the company. Give employees control over their own destiny Employees should feel that they have control over their career development. Show them that the company will support their development as far as their want to go – the result will be better trained, more motivated and loyal employees.
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