Managers can motivate employees without salary hikes by understanding what drives people beyond pay, since money alone does not lift performance. Gallup found in 2012 that only about 13% of employees worldwide were engaged at work. Bodhih's webinar with HR professionals from several industries discusses practical non-monetary ways to raise motivation and productivity.
Last updated · Bodhih Insights team · reviewed by Siddharthan VGJ, Founder
The biggest challenges businesses face today are unmotivated employees. Everyone understands the plight of the typical HR manager or for that matter just any manager who has to announce that in his or her team, department or organization there will be no salary hike this time.
Gallup reported that only about 13 percent of employees worldwide are engaged with their work (Gallup, 2013), which costs companies dearly in lost productivity.
The evident question is – at which point do you fix it? Chances are you don’t desire to spend extra money on the problem, for you don’t certainly have the extra money to spend and more money perhaps won’t repair it anyway.
The secret to almost all great leaders is their insight of what motivates the human mind. Every vital entrepreneur, visionary, creator and speaker has harnessed this tricky emotional skill and has governed it in their favour. Money alone is rarely enough to sustain higher performance. Then what is it?
Are you still looking for new ways to raise productivity while providing, each individual the drive they wish to perform to the best of their ability? Then this is the best opportunity to put an end to your search.
Check out the above Webinar conducted by Bodhih Training Solutions Pvt. Ltd on “MOTIVATING WITHOUT SALARY HIKES.”
Quick answers
Does a salary hike improve employee performance?
Not on its own. The article argues that pay does not reliably raise performance and that lasting motivation comes from understanding what drives each person, such as recognition, growth and meaningful work. Managers who cannot offer increments can still lift engagement by acting on these non-monetary drivers.
