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Managing Performance
Motivated employees help organizations survive by being more productive. Of all the functions a manager performs, motivating employees is arguably the most complex due to the fact that what motivates employees changes constantly.
While some employees produce to their highest capability regardless of the incentive, others need an occasional spark of motivation. When handled effectively, the results can be greater productivity and increased employee morale.
Nationwide studies show that up to 80% of employees are not engaged in their work.
Keeping employees motivated is the key to maintaining a productive, successful business. Mangers must find ways to motivate employees and make them want to live up to their full potential. To do this effectively, managers need to understand what motivates employees within the context of their respective roles.
Money is not the biggest motivator for an employee. A recent survey found that only 15% of employees left their jobs because of inadequate salary and benefits. The same study also found that these were some other reasons for those who left their jobs.
>30% were unhappy with management and the way they were managed
>25% felt they received no respect for good work
>20% complained of limited opportunities for advancement
>5% were bored with the job
>5% cited other reasons (retirement, career change, sabbatical, travel)
Manager-Employee Communications is Critical to Drive Performance
Did you know that one of the most common sources of low productivity and poor work ethic is the relationship between a manager and an employee? A manager can significantly impact workforce development and employee performance. Whether the impact is positive or negative is often the direct result of communication management and their understanding of each other's work habits and style.
Managers who are 'out of touch' with their employees often cause low productivity, dwindling morale, and high employee turnover. On the other hand, employees who feel a connection to their manager are often highly productive and engaged in their work. Having a greater understanding of the dynamics of their working relationship will help both parties appreciate where their perspectives are similar and where they differ. This mutual understanding will result in a more productive and positive working relationship.
The faster a manager can understand an employee, the more effective they can be in managing. Understanding the strengths and core characteristics of employees is essential to having a dynamic workforce.
Workforce Engagement
A major nationwide study has shown that more than 50% of the working population is not engaged in their work. Knowing the satisfaction to the job and the work environment within an organization is the essential road map for developing a highly engaged and motivated workforce.
Contact TCCG today to discuss how we can support you in managing employee performance.
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