How Money Can Hurt Employee Motivation [INFOGRAPHIC]

January 15th, 2015   |    By: Dan Martell

Think money motivates your employees? Sure. But it’s not the biggest motivator.

Many entrepreneurs believe that digging into their pocketbooks will help drive employee engagement, but the reality is that 67% of workers say praise and commendation from a manager is what truly motivates [Tweet This] (vs. the 52% who say an increase in base pay does the trick).

Instead, consider making quality time with each employee a priority, pick up a personal tangible gift, offer a high five or fist bump, tell them they’re doing a great job or pitch in on a task. Connect with them. They’ll respect you more and work harder as a result.

This infographic takes a look at the truth behind employee motivation and how you can motivate your workforce without reaching into your pocket.

42% of the global workforce says they’re disengaged at work. [Tweet This]

90% of leaders say employee engagement is essential to their businesses. [Tweet This]

75% of leaders do not have an employee engagement strategy. [Tweet This]

 

What do you do to motivate your employees?

Money-and-Employee-Motivation


About the Author

Dan Martell

Dan Martell is the Founder and former CEO Clarity, Angel Investor, and Speaker. Dan Martell is an award-winning Canadian entrepreneur who previously co-founded Flowtown, which was eventually acquired by Demandforce in 2011. In 2012 he was named Canada's top angel investor having completed over 33 investments with companies like Udemy, Intercom and Unbounce. He believes "you can only keep what you give away" and is heavily involved in many charitable organizations & community events.

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