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Motivate, Manage & Reward Performance

>Motivating employees / Managing performance / Rewarding performance

Your business’s ongoing success depends, to a large extent, on having well motivated, productive and innovative employees. Motivate, manage and reward your employees so your business develops a culture of high achievers, has increased productivity and low rates of employee turnover and absenteeism.

Motivating, managing and rewarding your employees involves knowing what motivates them, as well as appropriately managing and acknowledging their importance to the success of the business. Remember that rewards can include recognition and other incentives, not just money.

Checklist

Motivate, Manage & Reward Performance checklist This checklist summarises key information about motivating, managing and rewarding performance. You can adjust this document to suit your own needs.

Motivating employees

Motivated employees put in more effort to achieve goals and perform tasks.

Highly motivated employees are likely to have a higher level of job satisfaction, which will improve your bottom line because they’ll be more likely to stay with your business longer and take fewer sick days.

When you understand what motivates each of your employees you can create an environment that encourages employees to do their best, to achieve agreed outcomes and to feel valued.

McClelland’s ‘Three Needs Theory’ suggests that people are essentially motivated by a mix of the following:

• Achievement – doing a job well and being recognised for it.
• Power – being empowered and taking responsibility for their own and others’ actions.
• Affiliation – a sense of belonging to the workplace.

Template

Ways to motivate and reward template Use this template to identify what motivates your employees after you observe their behaviour. The strategies provided can be used to keep them satisfied with their work and motivated to keep doing it well. You can adjust this document to suit your own needs.

>Motivating employees / Managing performance / Rewarding performance

* (Manns, R 2007, ‘Boss Coach’, AFR Boss. vol 8, July, p. 75.)