Young adults generally have one goal in mind: success. Whether they enter college and declare their major within their first week or ride the waves of a few general courses first, they want to be successful and they want to make good money. However, as people mature and continue to develop their ongoing career goals, their motivations shift. It doesn't take long before life teaches them that money truly is not everything.
Money is a primary motivator, but it is trumped when someone doesn't feel appreciated by their company.
It's even more challenging to work with employees who are unhappy with their jobs. Employees want their hours to equate to more than just a paycheck, or a clock punched at the end of the day. They want to end their day feeling fulfilled.
Rosabeth Moss Kanter from Harvard Business School states in the Business Insider, there are three things that employees value more than money.
Kanter cleverly refers to it as the three "M's" which are mastery, membership and meaning.
- Mastery. Employees know that the world is evolving rapidly with technology, so you need to arm them with the tools to be successful and "master" their workloads. Help them further their training with workshops and seminars, update your computer software to keep your employees and your company competitive in the marketplace. When you empower your people, they want to do well for you and make your company successful.
- Membership. Kanter also emphasizes on the importance of building "membership" or community amongst all employees in all departments. It helps to boost employee morale if companies encourage inter-department projects. It also helps the employees to build working relationships throughout the company which strengthens the image of your business. Plus, it's not a bad idea to host fun gatherings where work can be tabled for a while. It allows your employees to grow on a social level and elevates morale throughout.
- Meaning. Finally, employees need to have "meaning" in their jobs. They need to be reminded that their position contributes to success of your company on a global scale. Their work is important, they are important and in showing your employees that you view them as an asset, it helps to keep them engaged and performing at their best.
Your employees want to know that they are making a difference. While money is a necessity and important for survival, it loses value when it isn't earned with those three "M's". Employees will only punch a clock at your company for so long before they realize they can earn the same or more, along with the three "M's" working somewhere else.
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