Money seems to motivate a majority of employees, but there are other ways employees find satisfaction in their jobs, according to a recent survey from CareerBuilder.
The survey, which examined the responses of 2,600 hiring professionals and 4,000 employees, found that 55% of employees aren’t impressed by a fancy title, and salary matters more than a title for 88% of employees, so you can pretty much disregard titles as a way to motivate your employees unless you know there’s one they really covet.
But there are other ways of motivating your workers if you can’t afford to pay them everything they’d like. Of those, quality of life and rewarding work seem to matter most.
According to CareerBuilder, 59% of employees value a flexible schedule more than a title, and a third would rather telecommute. 48% would prefer to make a difference in their jobs, and 35% would rather have challenging work. 18% would value academic reimbursement more than a title, and 17% would prefer to have their own offices.
So there are a number of ways you can reward employees that won’t cost you a ton of money, and best of all, they also might make your small business a better place to work.
Adapted from Employees Most Value Salary and Quality of Life by Dennis McCafferty at CIO Insight.