The highest impact ways to incentivize your employees

Undeniably, the most common way of incentivizing employees is through monetary means. However, considering the current state of the economy, this is not always an option. Plus, an abundance of research suggests that money may have little impact on motivation. How can an organization effectively incentivize and motivate its employees?

TribeHR highlights three tips from Daniel Pink’s bestselling book on motivation, Drive: The Surprising Truth About What Motivates Us. One means of accomplishing such a feat is through increased autonomy:

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Employees want to know what they’re doing and feel like they’re capable of doing it well. Employers need to create the type of environment that gives employees the freedom to do their work quickly and with autonomy.

To cut micromanagement and unnecessary supervision, create recognition programs that enshrine the individual responsibilities of each employee. When the program succeeds, make sure you help it percolate to every department.

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Other important factors include mastery and purpose. Mastery deals with adding to one’s own expertise, and purpose with being a part of a larger movement with meaning.

The full post is available at TribeHR.