Motivations in Company
To maximize productivity and employee job satisfaction, the heads of companies must provide some kind of monetary motivation for their employees. Often this motivation takes the form of such things as gift certificates, free food, stock shares, and cash bonuses. To ascertain the specific ways the company our group is investigating rewards and motivates its employees, I interviewed Jeremi Karnell, the CMO and founding partner; and Michael Donnelly, the Head of HR. Both men indicated the importance of monetary motivation for their employees and outline the specific ways their company provides it. They also offered their personal philosophy regarding employee monetary motivation. I concluded that for the company in question, financial rewards can effectively motivate employees and helps to create company loyalty and a sense of community within the corporation.
Jeremi Karnell, the CMO and founding partner, informed me that the company as a horizontal structure with 40-45 people. Karnell spoke heavily about company culture, which evolves naturally through the daily interaction among employees. Especially in a company with a diverse body of employees, company culture can fuel motivation. Even when considered in the absence of any monetary rewards, corporate culture motivates through camaraderie and cooperation. The interaction between employees can in itself be a motivating factor that helps employees to maintain a positive attitude while working. A friendly social environment in the workplace increases productivity through positive incentives...
Karnell added that corporate cultures develop on their own, whether company leaders want it to or not. Therefore, it is important for managers to work with the unique culture in their company and use it to their advantage. Managers are responsible for influencing and guiding this culture, too. If they fail to impact their employees, the culture could develop in a counterproductive way. Corporate culture enables employees to earn positions of responsibility and leadership, which can directly motivate them on the job.
Specific ways that company culture develops is through social events. Food and drinks can help foster a sense of community. Social events encourage friendly inter-office politics, which can lead to a more productive working environment. Furthermore, these social events and small parties provide a welcome relief from the pressures of the job. This naturally helps employees rest and prepare for the next phase of their work. Overworking employees without offering them a social outlet is unproductive office policy.
Another means to motivate employees is through leeway with mistakes. As long as employees learn from their mistakes, it is alright for them to work unsupervised at times. If an employee asks for positions of greater responsibility, then it is important to give it to them so that they feel motivated as a valuable part of the team. Monetary compensation is important in offering incentive to employees. Karnell advocates the use of award and trophy programs, trips, gift certificates, food, and financial bonuses.…
