New insights reveal effective strategies for increasing workplace motivation, especially during the demotivating winter months.
- Research shows 56% of employees prefer unexpected rewards, enhancing motivation more than anticipated ones.
- A significant 97% of employees would feel more motivated if their companies supported local communities, highlighting the value of community involvement.
- Gift cards are favored as rewards, with 83% choosing them over taxed cash options – an opportunity for effective employee engagement.
- Employers are encouraged to reassess their rewards and incentives (R&I) offerings, as 69% believe there’s room for improvement.
In a recent survey conducted by Miconex, over 4000 employees, organizations, and consumers provided insights into employee motivation. The findings highlighted that winter poses a significant challenge for employee motivation, with only 14% of respondents feeling most motivated during this season. In contrast, spring was identified as the most motivating period by 43% of participants.
A key finding from the research indicates that unexpected rewards are more motivating than anticipated ones, with 56% of respondents expressing a preference for the former. This suggests that employers could benefit from integrating surprise elements into their reward systems to boost motivation.
Community support emerged as another crucial factor, with 97% of employees stating they would feel more engaged and motivated if their company showed care for their local community. Furthermore, 94% emphasized the importance of their organization supporting local businesses.
The preferred form of reward also came to light, with 83% of employees favoring a £50 gift card over receiving the same amount as taxed cash in their payroll. This preference aligns with the Government’s Trivial Tax Benefit, which allows for tax-free employee rewards up to £50, offering a beneficial option for employers seeking to enhance motivation without additional tax burdens.
The survey also shed light on the value of choice in rewards and incentives, with 89% of respondents indicating that having options is important. Employers are thus urged to offer diverse reward options to cater to different employee preferences and increase overall satisfaction.
The research underscores that employee wellbeing and work-life balance remain top priorities, with 53% of employees identifying these aspects as critical. Interestingly, 61% of surveyed employees felt they had achieved a satisfactory work-life balance under current conditions.
The innovative Town & City Gift Card initiative by Miconex, which can be used across national and local businesses, was highlighted in the research. Even though 81% of employees had not previously received such a card, almost all expressed a wish to receive one, recognizing its unique value. Colin Munro, managing director of Miconex, noted that boosting employee motivation is a focal point for many organizations, with 60% projecting it to be a primary objective by 2025.
Employers who strategically enhance their reward structures and support local communities are likely to see improved employee motivation and engagement.
