And this finding is not limited to one sector, either, according to the CMI Chartered Management Institute study - data on file
It gets worse…
A lack of ‘skill’ and to a certain extent ‘will’ among line managers to recognize and meet the motivational needs of their staff is one of the key findings of a survey by ‘Motivational Research Ltd.’
In 2013 other challenges to motivating employees include lack of time / too much work, failing to keep up the momentum once motivation levels have been raised, and difficulties caused by the recession, including squeezed budgets and limited national pay deals. The study found that over a half of organisations responding ignored ‘motivation’ as either “people were lucky to have a job” or “they didn’t know how to measure it”. Of those that did, some used staff surveys and others relied on staff appraisals. Sadly, having measured, few did anything proactive about their findings!
So, what were the five top motivators for managers defined in this study? • A sense of purpose in their work • A sense of achievement from reaching a goal • Helping others in the firm to develop and grow • A sense of team responsibility • An opportunity to challenge and improve the business systems
Ever wondered what would motivate your people? You would not have to keep many of the best ones (and save on recruitment costs) to recoup the investment in finding out. Many organisations say that their most significant asset is their people yet make the mistake of under-investing in and under-valuing that asset.
So, while staff audits might not be top of your organization’s investment aims in 2013, I bet you still aim to get the best out of your people. Start to make progress by investing in your people who are going to drive better organizational performance by reviewing our approach Evaluate Your Most Significant Assets or contacting us…