10 tips for increasing the workforce's motivation levels

10 tips for increasing the workforce’s motivation levels

10 tips for increasing the workforce’s motivation levels

1. Be the visionary

Everyone wants to be sure that their efforts are moving in the right direction. What will happen next? What does the business definition of success entail? Make sure the company’s vision is clear because having a goal in mind helps to inspire the journey.

2. Ensure that everyone is aware of the “why”

Your staff will be aware of what needs to be done, but you must go beyond and clarify the “why” behind each work. The purpose of the business is its overall goal. Even the simplest task gains much-needed motivation,  if everyone is aware of how their individual efforts might contribute to the company’s overarching goal.

3. Establish regular, specific goals

Smaller goals are the key to motivation, even while your firm undoubtedly has enormous goals that it wants to achieve. Although each goal should contribute to the broader objective, it feels less daunting to divide it into smaller, more manageable tasks. Employees will be more motivated to move on to the next set of goals if they consistently accomplish their targets, which will increase their sense of satisfaction.

4. Honor and recognize excellent work

It’s important for workers to understand that their supervisors value their effort. Recognizing deserving individuals boosts not only one’s own self-worth but also one’s enthusiasm and team spirit.

An efficient method for praising top achievers who uphold your company’s principles is a recognition platform. However, we advise going over and beyond and thanking your teams for more significant events, like a 10-year work anniversary or employee of the month.

5. Grant your team freedom.

Time is valuable. Consequently, motivation levels can drastically decline when we don’t feel in control of our time and energy. Allowing some independence in the office, whether it be flexible working hours or unrestricted vacation time, shows employees that their bosses have their best interests in mind. This increases motivation because it gives people the sense of power and freedom to do a task successfully.

6. Establish a friendly workplace.

Nobody wants to spend all day dreading going home while sitting in a dismal office. Employees will look forward to going to work if employers foster a welcoming culture and provide spaces for rest and play. Here, the adage “work hard, play hard” is crucial. Since motivation and mood are intertwined, a bad mood can impair concentration and reduce the level of energy at work.

7. Present enticing rewards/incentives

Make everyone feel as though they are doing their finest work possible. Offering employee perks and benefits, such as the extensive selection on our perks platform, as well as fringe benefits that are intended to improve your employees’ lives, both inside and outside of the workplace can assist to uplift morale and foster a sense of loyalty to the business.

8. Promote teamwork

Collaboration within the organization’s teams enables the further development of ideas. Working with people that have varied skill sets will lead to results that are more innovative. There is strength in numbers in teams, therefore anyone who is lacking motivation should have support from others around them.

9. Plan your career route

Nobody likes to stay still for too long. All of us desire direction so that we can concentrate on the next action. Employees should be asked what they want out of their careers, and then given clear instructions on how to get there. Design a career path with team members, through growth discussions; this will inspire them to advance to the next level and give them hope for a lengthy and fruitful journey inside the organization.

10. Encourage staff well-being

Some organizations frequently ignore wellness while using motivational techniques.

It is without a doubt a powerful motivator to use incentives as an incentive. However, no matter how hard they try, a worker won’t create their best job if they are feeling worn out or overworked.

Taking a holistic approach to wellbeing means treating your team’s mental, emotional, and physical health. This is a fantastic method to keep them in good health, joyful, and competitive spirits.

Buhari.Photo/PrimeKBSInstitute

Buhari applauds regulators for stabilizing the banking sector.


President Muhammadu Buhari has stated that the global economic headwinds caused by the COVID-19 pandemic and Russia’s invasion of Ukraine may have destabilized the Nigerian financial system but for the inventiveness of the sector’s regulators.

Speaking yesterday in Abuja at the 15th annual banking and finance conference of the Chartered Institute of Bankers of Nigeria (CIBN), Buhari praised the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the Nigeria Deposit Insurance Corporation (NDIC), the Security and Exchange Commission (SEC), the National Insurance Commission, and other key stakeholders for their hard work in ensuring the country’s financial system’s stability.

Mrs Zainab Ahmed, Minister of Finance, Budget, and National Planning, represented the President, who assured the entire banking and finance community that the government would continue to support the industry in all appropriate ways to ensure the sector continues to deliver on its mandates while creating value innovation for its customers.

Buhari stated that what Nigerians urgently require is a Nigeria of the future that leverages its strengths, competencies, and cultural diversity to address the challenges that plague its people, ranging from climate change to pandemics and insecurity, and that the “government will continue to formulate and implement policies aimed at promoting self-sufficiency in critical areas such as energy, agriculture, health, and technologies.”

Buhari also stated that throughout the last seven years, his administration has supported the repositioning of the Nigerian economy within an evolving Glocal (global and local) environment through numerous initiatives.

He cited initiatives such as the government’s support for Nigeria’s creative industry, indigenous small and medium-sized businesses, and the agricultural sector, which have increased the capacity of indigenous enterprises to compete with counterparts from other countries, while reiterating that current efforts would be sustained and expanded to more sectors of the economy.

Farouk Gumel, Chairman of Union Bank, who delivered the keynote address, advocated for banks to have a stronger physical presence in rural areas, saying, “there has been a lot of talk about closing branches in rural areas and being more efficient, but I think what is needed at this time is re-branching of banks into smaller entities such as rural branches that are targeted at meeting the banking needs of rural dwellers.” We no longer want large branches, but rather smaller and smarter branches whose goal will be to provide financial services adapted to the needs of rural people, the majority of whom are farmers.”

Gumel emphasized that great progress has been achieved in the last six years to bring banking to rural communities.

“In recent decades, the discussions have centered on food, agriculture, farmers, and the fintech sub-sector. I believe that there has been a lot of awareness, which has resulted in a lot of interest and investment. People talk about revolution all the time, but I believe it is more of an evolution. It is tough to change people’s attitudes overnight. Changing behaviors requires time and effort. While a result, expectations must be moderated as we work our way to our desired destination.”

Ken Opara, the Institute’s President/Chairman of the Council, stated that innovation is bringing forth new ways of doing things that are transforming the landscape of the financial services business more than ever before.

“As a result of the dynamics,” he continued, “the financial services sector will need to respond to this transition considerably faster.” Services, goods, and technical advancements that were novel and valuable yesterday will be obsolete today. It is a reality that the financial services industry has changed faster in the previous few years than at any other period in history.”

He stated that, as the world evolves, the financial services industry will need to explore innovation and reorganize its operations in order to succeed in the future.

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