More money, more problems? Who knows if the old maxim is right. However, one thing is for certain: money is no longer the reigning champion of workplace motivation. Granted, money is still important. Compensation is a strong motivation for onboarding, and opportunity for financial advancement will keep employees in the building, at least temporarily. Truth is today’s workplace demands broader suite of incentives to retain top performers (or anyone for that matter). Here are some research-backed ways to motivate employees without a paycheck.
It’s a big moment in your company. You just put a new class of new hires through your intensive leadership development program. After two years of rotational training, these emerging leaders will place into different areas to drive the future of the company. At least, that’s what your were hoping would happen.
In an era characterized by constant technological change, our society loves startups. From the bean bag chairs to the flexible work hours, the startup culture is establishing new standards for the way we work, and these standards are quickly becoming expectations that young professionals are taking into the workplace.
Talent management is a hot button issue in 2016. Finding qualified candidates is one issue. Training candidates is another. Some recruiters are even concerned about candidates lying on their resume. To top it all off, organizations are investing heavily in human resource management, talent acquisition, and professional development, only to find employees leaving companies for better offers within a year or two.
The well-researched and bestselling book, “Good to Great”, speculates that one of the most important characteristics of great companies is the quality of human capital within its ranks. Truly visionary companies know how to get the right people on their bus and in the right seats. Once this happens, the right people are smart and motivated enough to figure out where the bus should be going and how they are going to get there. But finding and keeping the right people is no small task.