One of the biggest challenges that organizational leaders face is managing the culture change. The culture of an organization is the sum of the roles, processes, communication practices, values, attitudes and goals, closely interlocked, which every employee gets aligned with. However, every organization undergoes changes, time and again, owing to various reasons like changing market trends, regulations, customer expectations, mergers and acquisitions, which leads to alterations in the organization structure and processes. But in order to make those changes effective, it’s crucial to manage them strategically. According to a survey, conducted by Deloitte, 82 percent of more than 7,000 CEOs and HR leaders from 130 countries are of the opinion that organizational culture is a potential competitive advantage. 28 percent of the respondents stated that they understand their culture well and only 19 percent said that their organizations have the right culture.
Every organization needs high potential employees to achieve goals and make profits. And, it’s extremely important that those employees stick to the organization and contribute effectively. Employee retention is one of the most important yet most overlooked aspects in many companies. Research suggests that retaining top talents in your organization could be the key to sales growth, high morale and satisfied customers. On the other hand, loosing important employees leads to reduced productivity and it could also cost the company more than the employee’s salary, in the process of finding a new and good employee. There are a number of factors that lead to employee turnover such as lack of opportunities, ineffective management, lack of appreciation, work pressure and more. This calls for effective employee retention strategies aimed at providing a superior work experience to your employees.
For being a successful manager, you must understand and master the strategies for keeping the employees motivated to perform at high level. Employee motivation is an important factor that leads to higher productivity and business growth.
Managers use different techniques to assess the personality and behavior of different employees motivated and to determine what motivates them. For this, it’s important to know them and understand their goals and aspirations to implement strategies that work best in keeping them motivated. However, there is no one-size-fits-all approach for employee motivation because all the employees are quite different from each other and different factors impact their motivation. Thus, a manager needs to employ different strategies to keep up the motivation and productivity of employees.
Here are 10 strategies that you can employ to keep up the motivation of your employees: