Money isn't everything. You can motivate your employees even if money is tight.
Contrary to popular belief, there are more ways to motivate your employees than just offering financial rewards and incentives. How can you keep your employees engaged if your budget is extremely limited? To achieve that goal, consider these tips.
Be a better leader. Instead of being the kind of leader who sucks the energy out of your employees, be the kind of leader who brings passion and energy back into their lives. Recognize the fact that no business or organization is better than the people behind it so always put your people first. Understand what they need and attend to their needs. Show them that there is more to life than just work and you can keep them motivated.
Be a more effective communicator. Choose the words you use when conveying your message and be more specific when giving instructions. Being a good listener is also a part of being an effective communicator so assure them that you are always willing to listen to what they want to say. In addition, make a conscious effort to be friendlier and approachable to encourage your people to communicate openly with you.
Show your appreciation. There is nothing more fulfilling than being recognized for your achievements and contributions so do the same for your employees. Let them know how much you appreciate them. Let them know that the organization couldn't be where it is now without all their help and dedication. Consider asking for their input as well when making big decisions to show them how much you value their opinion.
Inspire your employees with your cause. Instead of asking your employees to help your business grow, tell them how their work will affect the lives of the people who will be using your products and services.
Build a sense of community. Make your employees feel they are part of a community. Better yet, make them feel they are a part of a family. Host fun activities after office hours to foster a stronger connection among your employees. Throw a party to show your appreciation for all their hard work and organize family-oriented events such as company picnics and the like.
Summing it up, it is possible to motivate your employees without using any financial incentives just by being a better leader, showing your appreciation, providing solid inspiration for your employees and building a sense of community within the workplace.