Keeping Employees Motivated

From a Harvard Business School article:

First step: stop demotivating employees

According to the author there are just three important factors that matter most when it comes to keeping employees motivated:

• Equity: To be respected and to be treated fairly in areas such as pay, benefits, and job security.
• Achievement: To be proud of one's job, accomplishments, and employer.
• Camaraderie: To have good, productive relationships with fellow employees.

Interestingly, the author found that if one of the above factors is missing, then they cannot be substituted with another factor (for e.g: higher pay).

And here are the main things the author says managers can do in different areas:

• Achievement related
• Instill an inspiring purpose
• Provide recognition
• Be an expediter for your employees
• Coach your employees for improvement
• Equity related
• Communicate fully
• Face up to poor performance
• Camaraderie related
• Promote teamwork
• All three areas (Achievement, Equity and Camaraderie)
• Listen and involve

Read the entire article as it elaborates on the above listed points.

http://hbswk.hbs.edu/archive/5289.html