Non financial motivation

Non financial motivation
See also
Professional values Promotion policy Sight line Motivation Business etiquette Skills and competencies Role of employees Charismatic leadership Primary needs

Motivation can be defined as the reasons, interests that stimulate people and which encourage them to do something properly. Employee motivation is one of the most important aspect at the workplace. Motivating the employees needs to be done everyday.

There are a lot of factors that can motivate the employees, to make them work properly. [1] Few being as follows:

• Prioritize Work-Life Balance
• Have an Open-Door Policy
• Recognizing individual differences . [2]
• Be An Example
• Offer Employees ample of opportunities for advancement
• Let Them Know You Trust Them
• Be transparent and unbiased
• Reward Based on Feedback
• Motivate every single employee [3]

Why is that important ?

Employees can get stressed and feel like the job isn't what they expected.[4] Some of them even quit their job due to some ongoing dissatisfaction in the workplace, even if they like it, provided the working conditions aren't appropriate. According to Herzberg, there are some hygiene factors used to determine the level of satisfaction in a company between the employees: development, stimulation, variety, recognition and responsibility are few of them.

Creating an international team can be a precious asset as well, an international workforce [5] can be complementary. But it is a risky process because international workforce can be harder to handle, as for the employees as for the managers.

Employee's performance is a varying factor. Indeed, it includes three major dimensions :

• Job productivity
• Job quality
• Job accomplishment

The goal of an employer is mainly to have the work asked being done, the fastest and the better way.

Conclusion

To conclude a positive workplace is the basic element that will get your company to the top. We understand that it may be time consuming and difficult to encourage employee motivation at the workplace. However, in order to achieve a high level of employee productivity, management needs to encourage a positive workplace environment. The work environment conditions need to fit every single employee. [6] It is essential to ensure that the employees feel that their work and efforts is an important contribution to the company's success. Managers need to remember to always keep an ‘open-door’ policy and have an approachable management team.

Examples of Non financial motivation

• Praise and recognition: Acknowledging an employee's accomplishments and hard work is often more motivating than financial rewards. A simple "thank you" or a public display of appreciation can go a long way.
• Responsibility and autonomy: Allowing employees to take ownership and responsibility for their work can be highly motivating. This could involve giving employees more authority or allowing them to make decisions without having to check with a supervisor.
• Opportunity for professional development: Providing employees with opportunities to expand their skills and knowledge can be a great source of motivation. This could involve offering employees additional training, sending them to workshops and conferences, or providing them with additional career development opportunities.
• Flexible working arrangements: Allowing employees to have more control over when and where they work can be a great way to increase motivation. This could involve providing employees with the option to work remotely or offering them flexible working hours.
• A sense of purpose: Motivating employees by giving them a sense of purpose and making them feel like they are making a difference can be a powerful tool. Helping employees to understand how their work connects to the company's overall mission and goals can be a great way to increase motivation.

Advantages of Non financial motivation

Motivation is an important factor in achieving success in any field. Non-financial motivation can be a powerful tool for encouraging employees to work harder and better. Here are some of the advantages of non-financial motivation:

• Increased sense of belonging: Providing non-financial motivation to employees can create a sense of belonging to the company and make them feel valued. This can lead to increased loyalty and commitment to the company.
• Better job satisfaction: Non-financial motivation can also increase job satisfaction and morale, by recognizing and rewarding individual employees for their efforts. This can lead to improved performance and productivity.
• Improved teamwork: Non-financial motivation can promote collaboration and teamwork, by encouraging employees to work together to reach a common goal. This can lead to better communication, problem solving and creativity in the workplace.
• Increased innovation: Non-financial motivation can also lead to increased creativity and innovation, as employees are encouraged to think outside the box and develop new ideas.
• Reduced stress: Non-financial motivation can also help to reduce stress, as employees are recognized and rewarded for their hard work and efforts. This can lead to better physical and mental health.

Limitations of Non financial motivation

Motivation is an important tool to get the best out of employees, but non-financial motivation has its limitations. This includes:

• Limited impact on employee performance: Non-financial motivation has limited impact on employee performance as it focuses more on the emotional well-being of the employee rather than performance-related incentives.
• Short-term effect: Non-financial motivation often has a short-term effect, as employees may become motivated quickly but then lose interest due to lack of reinforcement.
• Difficult to measure: Unlike financial motivation, it is difficult to measure the effectiveness of non-financial motivation as it is more subjective in nature.
• Lack of clear objectives: Non-financial motivation can lack clear objectives, which makes it difficult to measure the success of the motivation process.
• Limited applicability: Non-financial motivation is not always applicable to all types of employees and situations and may not be effective in certain cases.
• High costs: Non-financial motivation can be expensive to implement, as it often requires additional resources and time to implement.

Other approaches related to Non financial motivation

Motivation is a key factor for successful performance in any field, and non-financial motivation can be an effective tool for encouraging people to take action. Non-financial motivation includes rewarding people with recognition, trust, autonomy and other forms of motivation which do not involve money.

• Recognition: Acknowledging people for their contributions can go a long way in motivating them to do more. Appreciation for a job well done can come in the form of verbal compliments, awards, or recognition in an organization’s newsletters or websites.
• Trust: Allowing people to take on more responsibility and trust them to deliver can be an effective form of motivation. People feel valued and respected when they are trusted with more responsibility and tasks that they can handle.
• Autonomy: Giving people the freedom to explore and experiment with their work can be an effective way to motivate them. Allowing people to come up with creative solutions to problems and take ownership of their work can be very motivating.
• Positive Feedback: Providing constructive feedback on the progress of individuals and teams can help them stay motivated and focused on their goals.
• Career Development: Providing opportunities for career development, such as training and mentoring, can help to motivate employees to continue to grow and develop in their roles.
• Flexibility: Allowing employees to work flexible hours or work from home can help to motivate them, as they will feel more valued and trusted by the organization.

In summary, non-financial motivation is an effective tool for encouraging people to take action. It includes rewarding people with recognition, trust, autonomy and other forms of motivation that do not involve money. It can help to create an environment where people are highly motivated and empowered to perform their best.

References

• Aperian Global(2016) [7].”Fostering Motivation in the Global Workplace” Website : "Aperian Global"
• Ilya Pozin(2015) [8].” 14 Highly Effective Ways to Motivate Employees” Website : "Inc."
• Heryati R [9].”Why Employee motivation is important(& How to improve it)” Website : "6Q blog"
• Matthew Maclachlan [10] ."Management Tips:How to Motivate a International Workforce" Website : "Communicaid"
• Ukaejiofo Rex Uzonna ; 2013 [11] "Impact of motivation on employees‟ performance: A case study of CreditWest Bank Cyprus" AcademicJournals
• Maryam Azar & Ali Akbar Shafighi ; 2013 [12] "The Effect of Work Motivation on Employees’ Job Performance" International Journal of Academic Research in Business and Social Sciences

Author: Ronan Pautrot, Eva Maekawa, Shasta Bindal, Mohit Jain