Do you know why a business fails? You might have seen a business taken over by another successful business in the same niche. If we talk about the root causes of business failure, it includes higher employee turnover, lower levels of engagement, poor communication, and diminished productivity. Low motivation impacts adverse qualitative effects and ultimately decreases the productivity of each team member.
Impacts Of Motivation
Not only for organizational goals, but motivation also helps in fulfilling personal goals. Employees become more satisfied with their jobs when they feel valued in the organization. High-performing and motivated individuals form a dynamic team that works with a spark of creativity. High morale among employees has various positive impacts listed as follows:
- Easy conflict resolution.
- Raises organizational commitment.
- Develops a sense of belongingness.
- Promotes effective communication.
- Builds interactive work culture.
How To Motivate?
A Certified Business Planner like Nathan Garries is responsible to motivate the team to perform and ensure helping clients with financial plans and recognizing risks. Nathan Garries Edmonton-based has been involved in financial advising, financial planning, and wealth management for over two decades, carrying on a family tradition of three generations. When a leader successfully combines energy, skills, enthusiasm, and knowledge of motivated individuals, the whole team works hard to achieve the most profitable results. Read further to know how leaders motivate their teams to give their best performance.
- Pay What Employees Deserve
It is important to ensure that pay should be consistent with what other organizations are paying in the same niche and geographic area. Most employees tend to leave their job when they are offered more salary in another organization. Companies shouldn’t afford to lose talented employees just because they are underpaying them.
- Improve Workplace
The workplace should be enthusiastic and interactive so that any employee shouldn’t feel distressed. It is necessary to spend more money on creating a pleasant workplace. A good working environment encourages employees to be happy, productive, and positive.
- Boost Interaction
To interact effectively, it becomes important to build trust among team members and leaders. Leaders schedule regular open meetings. To maintain the constant flow of communication, e-mail, text, or instant message will be helpful. But the best way to interact is an open and face-to-face meeting.
- Avoid Micromanagement
Micromanagement refers to a management style whereby the manager or leader closely monitors and controls the action of employees. This results in a lack of freedom in the workplace which ultimately gives rise to the feeling of disengagement, disappointment, and dissatisfaction. Excessive supervision can adversely impact employee retention rates.
Motivation is important to achieve personal and organizational goals. Motivated employees are more satisfied with their jobs. They willingly improve their productivity to achieve the set target with the spark of creativity. To succeed in the competitive field of business, companies should invest much more in incorporating motivation and inspiration. Motivation is one of the key factors in building strong relationships with employees. As a leader, your constant motivation gives them direction and inspiration.