To stay upbeat, many stimulus packages were planned for the world economy, in order to motivate people to spend. Similarly, some companies use a different type of so-called reward package to stimulate their revenue, at the same time keeping their motivated employees.
Recently, my current employer is exercising a Key Performance Indicator (KPI) plan for us to get motivated & work harder. The idea was anyone who achieved KPI as per requirement; a fraction of bonus will be rewarded. Bonus and the requirement are measured quarterly. Example: If you manage to create at least an X amount of sales opportunities a month, you will be given $X – in cash.
I interviewed several peers of mine; majority said monetary still the best way to motivate. A year ago, my former employer kicked start a sales motivation drive called “The hurricane award”, those who achieve the quarterly sales target will be given a free dinner. The first feedback I got from one of my colleague:” Dinner is certainly not enough, if I were only given a meal by working over the desired result, I rather buy you a meal in stead?”
Every small business wants motivated employees. They work more efficiently and produce better results. Using monetary and other rewards to improve motivation is a simple idea; unfortunately that’s the most realistic way. The kind of rewards that work best are consistent over a period of time, do not need to be expensive and often lead to an ultimate reward.
Money has never been a great motivator for staff? What do you think?
2 comments:
Haha....for me, I rather choose $$$ lar..."No $$ no talk" lor...whatever the reward is, if no $$$ as reward, really no motivation at all...otherwise, why people want to work?? True bor? PLUS, no matter how good your performance is, one day, when you are not that 'good' anymore, you will be fired anyway, so, might as well, get those $$ reward first.....haha
Hi Josephine,
Thanks for your frank comments, indeed it's true... :)
Post a Comment