1. Motivation
By: Doug Metcalf
Phillip White
Dustin Jordan
12/4/2018

2. What is Motivation?
Motivation is defined as an inducement or incentive that encourages employees to yield the most efficient amount of work possible on the job.
Many believe that money motivates people, but is that true?
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3. Topics of Discussion Does money motivate?
If money does not motivate, exactly what does it do?
How do you motivate without money being a factor?
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4. Is money a motivator? Let the numbers speak…
Pay ranks 11th in a survey of what motivates workers (recognition and responsibility always rank higher than pay)
Salary ranks 16th in a poll of very important items when searching for new jobs.
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5. Is money a motivator?
Another survey concerning the top reasons employees leave their jobs listed “limited praise and recognition” ahead of compensation
What the numbers show is workers would rather be recognized and thanked with kind words instead of with an impersonal raise or bonus.
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6. What does money do? Money often attracts workers to a company.
Studies have shown that financial incentives will get people to do more of what they are already doing. Not better, just more.
Money often becomes a psychological exchange for enduring a miserable job.
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7. What does money do? Money is often used as a tool to thank people.
Money may have a de-motivating effect on employees
Money does initially influence workers, but once their expenses are met, workers shift concerns to true motivating factors.
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8. What are these motivating factors?
Respect
Recognition
Full appreciation for work done
Feeling “in” on things
Feeling a sense of worth
Having interesting and challenging work
Open communication
Personalized and instant recognition
Praise for good work
Growth and development opportunities
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9. Top 10 ways to motivate without money being a factor?
Personally thank employees for doing a good job--one on one--verbally, in writing, or both. Do it timely manner, often and sincerely.
Be willing to take the time to meet with and listen to employees--as much as they need or want.
Provide specific feedback about performance of the person, the department and the organization.
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10. Top 10 ways…
Strive to create a work environment that is open, trusting and fun. Encourage new ideas and initiative.
Provide information on how the company makes and loses money, upcoming products and strategies for competing in the marketplace and how the person fits in the overall plan.
Involve employees in decisions, especially when those decisions affect them.
Celebrate successes--of the company, of the department and of individuals in it. Take time for team- and morale-building meetings and activities.
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11. Top 10 ways…
Provide employees with a sense of ownership in their work and the work environment.
Recognize, reward and promote people based on their performance. Deal with low and marginal performers so that they either improve or leave.
Give people a chance to grow and learn new skills. Show them how you can help them meet their goals within the context of meeting the organization's goals. Create a partnership with each employee.
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12. Questions What motivates you?
What have bosses of your past done to motivate you?
What are the best motivating factors?
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13. Conclusion
Money is important, but it does not drive today’s workers to work harder or perform better. In essence, money does not motivate. Compensation is a right, but motivation comes in other forms.
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