Author Box
Articles Categories
All Categories
Articles Resources

Five Zero to Low Cost Ideas for Motivating Your Employees in Down Economic Times

April 04, 2012 | Comments: 0 | Views: 203

Do Employees Need Motivation In THIS Economy?

YES! You would think employees would happy just to have a job and a paycheck. But even the best employees are not immune to worries about the economy. While we're not officially in recession, it certainly can feel like it. The official unemployment rate remains stubbornly near 9%. Sales are slow, expenses are up, and financing is hard to get.

Employees can easily be distracted. Everyone knows someone suffering from long-term unemployment, or someone who was suddenly let go due to slow business. Company rumors could be rife. Constantly worrying about whether they'll have a job, or having feelings of being stuck, can be major employee distractions and can seriously cut into productivity.

"I am very grateful to still have a job", said Jerry S., an experienced chemist for a large Chicago-area chemicals company. "What the company did to make the last recession more bearable was let us know that they would not lay anyone off, but that there would also be no raises. Job security is important to me, and I really appreciate the company coming out and honestly talking about the situation and coming up with a solution."

Respect has been a leading motivational factor since employee motivation began to be seriously studied 40 - 50 years ago. Honestly addressing your company's situation is a great sign of respect to your employees. As Herzberg, one of the pioneers of employee motivational science, teaches, "Treat your employees as adults - Not children."

Job security is a special motivational issue in times of economic uncertainty. Job security, like employee status and compensation, are not strong long term motivational factors. But they become demotivational when they are not present. You may not be able to promise your employees security when your company is struggling. But honestly addressing your company's difficulties can go a long way to defuse employee anxiety.

Here are five low- or no-cost ideas you can do to keep your employees' motivated in down-times:

  1. Let your employees know of the company's difficulties. Honesty is the key here. Employees' "B.S. detectors" are very sensitive, and will immediately alarm when they sense you are sugar-coating or doom-mongering. - either way, motivation could be lost, not gained.
  2. Provide recognition. Recognize, even with a simple "thank you", both large and small employee contributions. Receiving recognition for achievements is one of the most fundamental human needs. And it feels like a sign of respect to the employee.
  3. On-going training and development. Cutting back in this area will back-fire because the company then won't be able to respond to current or future market forces. Low-cost options are work-shadowing and cross-training, and developing coaching and mentoring programs. Use existing talent in your company where possible.
  4. Increase workforce flexibility. Offer time off, like Friday afternoons, or customized work schedules. Let employees telecommute once or twice a week. Forward calls to a cell phone for incoming calls. Try out employee ideas for how they do their jobs, thus letting the employee take ownership for their work. As usual, you will have to use your judgment on the limit of what changes can be made without upsetting the entire work-flow or the bottom line.
  5. Implement (or re-vamp) Talent and Performance Management. Set process where employee objectives are linked to business goals. Guide existing talent to ensure company becomes more competitive so that when the economy does pick up they are much better place to move forward. Tackle poor performers head on so business can survive.

The Strategic Master Communications was founded by Shawn K. Woods to EMPOWER, INSPIRE, and PROMOTE your audience. We'll help you develop specific strategies to assist you and your employees reach their full potential and to achieve extraordinary results in LIFE! Call us today at (630) 873-0465 or visit to set-up a work-shop or speech especially designed for your organization.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:
























In India, employment opportunities are set to grow by a good margin in the coming year, a phase which was started in the turn of the second decade of the 21st century. organisation, candidates with

By: Sarkariexam l Business > Careers Employment l April 01, 2013 lViews: 11705

Sometimes it is amazing to see that certain jobs can precipitate huge turnouts in the recruitment drives. It is as if thousands of people were waiting for the vacancy advertisements and the moment

By: Sarkariexam l Business > Careers Employment l December 30, 2012 lViews: 690

In recent times, jobs in healthcare segments have grown tremendously. It is anticipated that this growth curve will continue for the times to come. Various factors are responsible for this

By: Sarkariexam l Business > Career Advice l December 27, 2012 lViews: 446

Are you in a dilemma whether to choose web based CRM or not? If yes, don’t worry. You aren’t the sole person having this doubt.There are numerous firms trying to make out whether investing in a

By: Reneta Vasileva l Business > Customer Service l December 23, 2012 lViews: 409

If you think about it you will realize the fact that each business has its own set of risks that are involved in it.The trade secrets that you have and the information related to the business is what

By: brumbrum1 l Business > Risk Management l December 23, 2012 lViews: 263

As the time is changing, concierge management services are now growing despite the slowing economies of the world. The main reason of it is the need that is highly specific to the people who like to

By: willsmith10 l Business > Management l December 23, 2012 lViews: 333

Will a player who can jump high and hit hard be more successful than those who are just average? Not necessarily. Coaches have the opportunity and obligation to create an atmosphere that will put our

By: Dawn Reddl Business > Team Buildingl April 20, 2012 lViews: 248

Becoming and remaining a high performance team is not just about how team members work with each other, it's about becoming and remaining an attractive investment. If your sponsors, customers or

By: Clive Hookl Business > Team Buildingl April 20, 2012 lViews: 212

Do your team building meetings seem to lack energy a few days after the meeting? It might be because the team has negative influences in its midst. Analyze individual members of the team with an eye

By: Steven Layl Business > Team Buildingl April 18, 2012 lViews: 203

Putting an event together for clients or staff need planning to consider the objectives are for the event, and the type of event that will meet those needs. whether it is to thank staff for their

By: Jonathan Elderl Business > Team Buildingl April 17, 2012 lViews: 273

When a group is created, the members must build trust among themselves. A facilitator can move this process along through a variety of team building exercises. The intention of the "games" is to get

By: Richard Highsmithl Business > Team Buildingl April 17, 2012 lViews: 950

You have been working in a company for a few years. Six months ago you were asked to join a team on a new project. You were assigned a new project manager. Over time you discovered that this new

By: Chelsea Elml Business > Team Buildingl April 16, 2012 lViews: 209

Sometimes in this economy, individuals struggle with the thoughts of continuing a Corporate Career vs. branching out and trying their hand in Entrepreneurship. The information in this article can

By: Shawn K Woodsl Self Improvement > Abundance Prosperityl April 04, 2012 lViews: 148

Discuss this Article

comments powered by Disqus