Employers want to give employees raises to reward them for “a job well done” or to increase morale – but the reality is that sometimes economic factors prevent companies from being able to do so. So how do we improve employee output without increasing salaries? Believe it or not, there are many factors that can keep employees satisfied and efficient. Here’s how to leverage these factors to increase productivity in lieu of higher wages.
Employees Want Recognition Above All Else
Recognition is a viable way to increase morale and keep employees working up to their full potential. This recognition could be either public or private. It does not have to be climactic – approaching an employee and asking for their genuine input on a project, or a thank you card in private with an employee that you are cordial with, are honest, appropriate ways point out stellar work.
Respect Is A Two Way Street
Making sure that your employees feel respected and valued is another great motivator. Let them know that you are available if they have any concerns or suggestions on how to have the company better achieve its missions and objectives.
Respecting an employee’s time is also essential. This means using the business intranet to host human resources documents and creating an online hub that offers instant employee information, will give employees more power on how they utilize their time.
Promote A Flexible Working Environment
Allowing employees a certain degree of flexibility in their working arrangements not only gives employees a chance to strike a healthy balance between their personal and professional lives, but also lets them feel empowered via autonomy. Some ways to offer flexibility is allowing employees more control over their work hours or signaling trust by allowing them to work from home, if possible.
Paths to Eventual Advancement
Many people want to feel that they have a future with the company they work for and that their hard work and dedication won’t go unnoticed. Offer further training and development opportunities and always try to promote from within if possible. If the budget allows, you might consider offering tuition reimbursement and scholarship opportunities to employees who wish to further their education.
These are just a few way you can get the most out of your employees without putting too much strain on the budget. There are, of course, other ways to motivate your employees – by simply inquiring and asking what makes them feel appreciated at work. Even asking that question could make an employee feel appreciated.