Motivation is an interesting thing. From our earliest years we are constantly searching for motivation in whatever we do, asking our parents and teachers to give us the 'why' behind every lesson. This constant need for proper motivation never goes away and with each new generation, it is becoming increasingly important. Employees are no longer content to have a job just to make money, they want to know that there is a purpose, a reason for them to get out of bed every morning.
There are many ways that businesses have been able to adapt to the changes in motivation that come with new generations—custom e-learning development, in particular, helps managers to keep their fingers on the pulse of their employees’ needs. But what exactly are the benefits of having truly motivated employees? Here are a few.
One of the most obvious benefits of having motivated employees is that your company will experience much higher retention rates. No smart business owner will downplay the importance of attracting new talent, and providing effective new hire training to get new employees up-to-speed. However, retaining talent is another side of the coin that deserves equal attention. Employees that have a passion for what they do, and are motivated to produce results, are far more likely to stick around at a company, as they will feel that they have more of a sense of purpose. And since replacing an employee can cost more than twice as much as the cost of their salary, it is in any company’s best interests to retain, rather than replace, their employees.
Kimberly Schaufenbuel, program director at UNC Executive Development, says (via Business.com) that 'by understanding the reasoning behind employees’ actions, and using those results to motivate them, you can improve business performance.' When employees become unmotivated, they become disengaged from their work and the company. Employee engagement is incredibly important, as only highly engaged employees are invested in moving the company forward and producing their very best work. By contrast, actively disengaged workers can not only damage company results but the quality of the product and negatively affect the company culture as a whole.
Employees that are motivated to work are also more likely to contribute positively towards the overall company culture. They will help to cultivate a winning culture—one in which the company is held up and pushed forward by the work of employees who believe in it, and one in which employees are motivated not only to do their work well but to come into work every day and have a good time. If you want a culture that is based on hard work and passion, you will need to have motivated employees.
Higher Quality Product
Motivated employees can also be the difference between a good product and the best product. While a highly skilled and well-trained employee will get the job done regardless of motivation, an employee that is highly motivated—and by more than just money—will do more than get the job done, they will go the extra mile in creating something that they believe in, and which they can hold up as the very best version of their work. Motivation often comes side by side with a sense of ownership over one’s work and is thus one of the deciding factors in creating a good product.
These other reasons are all great, but when it really comes down to it, there is only one thing that matters, and only one thing that will truly show the importance of motivation—the bottom line. And the fact is, motivated employees contribute to the success of your company in so many ways, that financial gain cannot help but be linked to each and every one of them. All that matters is this: motivated employees equal better results. Better results equal a better company. A better company is one that will stick around for years to come and even thrive. There are no two ways about it—make sure that your employees are happy and motivated.