Employee motivation is a major factor in the success and productivity of any business. The demoralization and cynicism of an unmotivated workforce can feed on itself, leading to high employee-turnover, decreased efficiency and lost profits. Employers and managers should remain cognizant of the advantages that accrue to both labor and management when steps are taken to keep employees motivated, engaged and happy.
While management may control the direction of the business, the actions of employees are what directly determine the rate of production. The cumulative effect of their levels of motivation will have a huge effect on how productive a company is. If employees are goofing off, working slowly, taking extended breaks, arriving late or leaving early, this will quickly affect the bottom line. Employees who are paid well, offered profit sharing options and told how necessary they are to the company are less likely to engage in these practices that undermine productivity.
A work environment that is populated by people who are engaged in their work, excited about the potentials of the company and appreciative of their position will be a happier place to work than one that is filled with people who are just there for the paycheck. Either of these situations will tend to be self-perpetuating: a positive and fun workplace will make employees happier, and a negative and alienated workplace will tend to breed negative and alienated employees. Creation of an engaged and interesting work environment is a critical aspect of a business startup. Since the nature of the workplace is self-perpetuating, it's critical that management start out with a positive space so that the developing employee culture is productive and not destructive.
Hiring and training is an expensive process in a business. A firm that is able to retain skilled staff and minimize turnover will decrease that expense and increase its profits. The best way to do this is to create a corporate culture that nurtures motivated, engaged employees. Businesses develop reputations as good or bad places to work. If you manage to gain a reputation as one of the former, you’ll have a constant stream of people who want to work for you, and those who are presently employed will be hesitant to leave. All of these factors will help to develop a stable and productive corporate culture.
Finding good employees can be a challenge for many businesses. Nurturing employee motivation will cause employees to share their positive experiences with people they know. This will motivate a higher quality of workers to apply to work at your business, and you’ll eventually accumulate a pool of resumes and references to fall back on when hiring is necessary. The larger the pool, the less likely that you’ll end up hiring an unqualified or inappropriate employee. Hiring the right people the first time will avoid a great deal of hassle and expense.