Just read an article entitled, "How to Inspire Workers in Tough Times". The quick summary is that managers, supervisors, and leaders in general need to do more to motivate their employees in the tough times that we are facing. In many ways I would think that this should be common sense, but I have learned to never assume that something is common sense.
People like money. We all like money, but to assume that money is the greatest motivator is wrong. People are motivated most by intrinsic things such as enjoying their job, feeling respected by their supervisor, finding their job challenging yet rewarding, etc...... People also have needs. They have needs to belong, to advance in their careers, and to be recognized for a job well done.
So with the economy in the toilet, it should come as no surprise that now more then ever, managers need to work to keep their employees motivated. The best part is that it's really not that hard. Just remember what you're mother used to tell you when you were a kid, "Everyone in the world is different." - Mom's always know best! So, remember that people are different and people require different things to keep them intrinsically motivated in their work. So as a manager, you're job as the "leader" of you're team is to understand what motivates the individuals on your team (see, there is an "I" in team).
How do you do this? It's easy.... listen, talk to each person, get to know them a bit. What do they need? What do they want? What are their biggest worries? Find ways to praise each person for something that they have done that has contributed to the team and the organization. You will be surprised what will happen when you take the time to really get to know the people that report to you.
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