You know how hard it is to find the skilled, qualified, enthusiastic workers you need. So once you’ve found them, you want to hold on to them! That’s why it’s alarming to realize just how easy it is to lose valuable employees because of poor management.
Surveys have found that the work environment is more important to employees than pay level – so if your staff doesn’t feel happy, safe and valued at work, they may be tempted to leave even if they won’t find the same salary elsewhere.
The difference between a boss and a leader: a boss says ‘Go!’ – a leader says, ‘Let’s go!’ — M. Kelly
The way you approach being ‘in charge’ of any organization or project will have a significant impact on your success and the other people involved – not to mention yourself and your reputation. So as you approach the various challenges of your business – such as the example scenarios we give below – ask yourself: What would a leader do?
“Before you become a leader, success is all about growing yourself. After you become a leader, success is about growing others.” – Jack Welch
“It is during the bad times that the skilled manager lays firm foundations for future growth.” Konosuke Matsushita
Traditionally, the only two tools used to motivate employees have been a carrot and a stick. But more and more research indicates that ‘sticks’ are counter-productive ways to drive up employee performance – and few businesses can afford to hand out ‘carrots’ all the time!
The good news is that there are more ways to motivate your employees – and the even better news is that these methods can be both less expensive and more fun! All you need to do is keep an eye on the 5 keys to employee motivation:
Distinct from a year-end bonus – which tends to be tied to an employee’s performance – a holiday bonus is simply a way to thank all of your staff for the work they do for you throughout the year. As with most business decisions, there are advantages and disadvantages to paying your staff a holiday bonus, so read on and decide for yourself whether this is the best route for your company.