5 Ways to motivate your employees and boost productivity and sales

Do you want better sales results and productivity from your employees or staff? If your staff are not motivated to become more productive, then it’s time to rethink your compensation plan. If you underpay your staff, then you are not going to get the best out of them. An attractive bonus plan will stimulate employees to help attract and retain clients. This is the secret of some companies that have high staff retainment rates with loyal staff spending more than 10 years working for the company.

Here are 5 ways you can reward and motivate your employees to boost their productivity and increase sales.

1. Reward for Effort

Companies that reward effort create an environment that encourages staff to build relationships that can pay off in the long term. Rewarding effort need not break the bank. Let your management know that at least half of their bonuses and raises depend on marketing efforts.

2. Make Rewards Timely

Quickly reward the effort and results you want to be repeated. Don’t wait till the client pays. Quick rewards encourage more action. How often you do this will stimulate competition among your staff to be on their toes to increase sales.

3. Reward Publicly and Often

If you can pass out bonus checks regularly at staff meetings, you will create excitement. When you reward publicly, you are employing a more powerful motivator than money, which is recognition. Being recognized by one’s peers for a job well done is more long-lasting, and fulfilling than money.

4. Reward with Products, Vacations, or Entertainment

Products such as televisions, cookers, or trips are remembered long after cash has been spent. When you reward with tangible items you impact the employee longer and you may positively affect his or her family.

5. Give them room to grow

Giving your staff the room to grow involves you creating a career path and providing them with the training they require to advance in their careers and become knowledgeable about the latest technologies and industry news.

In conclusion, finding and retaining loyal employees is one of the secrets to business success. When you create compensation plans that are attractive and rewarding, and when you can tap into other motivators such as recognition and family support, you will keep your best people and keep them excited about their work. They can also help you recruit more people like them.