How to make money on tea?
In order to open your own business you need a business idea, of course. Today we’ll tell you about one interesting thing - we’ll call it “how to make money…

Continue reading →

Breeding quails as a business
The other day I received a letter asking why there are no articles with business ideas on our site. Well, because I do not have time to write :). But…

Continue reading →

Copying a business, or how to capitalize on other people's ideas
Copying a business is a really powerful tool for creating a truly solid business. And let them say that this is bad, that originality and creativity are valued higher, that…

Continue reading →

How to stimulate employees, or about the mistakes of material incentives

The question of how to stimulate employees is one of the most important in business, no doubt. Errors in the motivation of staff in the workforce can lead to a decrease in labor discipline or demotivation of staff. As a result, this can reduce production and damage the business. About this article on Entrepreneur-Pro.

how to stimulate employees
How to stimulate employees, or about the mistakes of material incentives

What mistakes of motivation of employees are considered the most common?
We’ll list a few common mistakes made by managers and hope that they will help you better understand how to motivate employees and thus improve your business.

Error number 1. Failure to pay remuneration obligations
In this case, employees are demotivated and eventually cease to trust management, and some even leave the company.

Mistake # 2. Premium payment guarantee
If employees are encouraged with guaranteed bonuses, they often perceive the bonus as part of their salary. They do not need to make an effort to obtain it. And if you decide not to pay the premium, then you will receive a wave of discontent in response.

Mistake # 3. Overstatement of plans (standards)
In this case, the employee does not seek to implement the plan, because its implementation is simply impossible. This incentive scheme for employees will not lead to anything.

Mistake number 4. Copying one or another motivation scheme without taking into account those features that are available in a particular unit of the enterprise.
Any business unit has its own specifics, and this must be taken into account when developing schemes and methods for stimulating employees in an enterprise.

Error No. 5. The complexity of the selected motivation scheme.
In this case, the employees of the enterprise do not understand exactly how the motivation scheme works, and what is required of them to receive a bonus. But the motivation scheme encourages employees to perform work, and therefore should be understandable to them.

Mistake number 6. Stimulating those employees who show the best results.
In this case, over time, the rest of the employees will consider that they will not be able to sell more than the bonus employee, so there’s nothing to strain.

Error No. 7. The absence of any adjustments in the motivation and incentive scheme.
The management of the enterprise from time to time to change the motivation scheme. Only in this case, the business will be able to grow. Otherwise, the incentive scheme will not work properly.

Mistake number 8. Incorrectly formulated incentive indicators.
If employee incentive indicators are not clearly defined and there is no objectivity, then in this case it is also very difficult to achieve success. In this case, everything is left to the management and its subjective assessment of the situation. But business can suffer from this.

We hope that these tips will help you not to make mistakes when stimulating the staff of the enterprise with the help of bonus payments.

Learning business by watching others succeed
In this article, we’ll analyze and learn business lessons from two completely different stories: the Barack Obama campaign and the Google success story. 6 business lessons from the Barack Obama…

...

From a dream to a business - one bank!
Do not miss your chance to get an exclusive package of banking services at a discount and take part in the largest women's forum in Belarus. All women are looking…

...

How to increase profits in your business
If you are an entrepreneur, then you simply have to constantly ask yourself the same question - how to increase profits? Profit - this is business. The whole point of…

...

Copying a business, or how to capitalize on other people's ideas
Copying a business is a really powerful tool for creating a truly solid business. And let them say that this is bad, that originality and creativity are valued higher, that…

...