motivation Tag

8 Employee Retention and Recognition Ideas for SMEs

Employee retention may seem costly for a lot of SMEs. But did you know that employee turnover costs your business even more? A recent study conducted by the Center for American Progress estimated that: [edgtf_unordered_list style="circle" animate="no" font_weight=""] It costs 16% of the annual salary to replace an employee at a high-turnover, low-paying (under $30,000 per year) job. Replacing a $10/hour sales assistant, for instance, will cost your business around $3,300. Replacing someone on a midrange position (earning $30,000 to $50,000 a...

What Is Extrinsic Motivation?

Every day we roll out of our beds and contemplate on what tasks and activities we'll do next. We anticipate some of those and dread others. How come? Well, that has something to do with the pesky thing called “motivation” – our driver for doing what we are doing (or procrastinating on some things). As the title suggests, in this post we’ll take a close look at what is extrinsic motivation and how it can help you get better at managing yourself...

How to Use Positive Reinforcement in Employee Training

What is the best way to motivate your team and encourage them to be more proactive when it comes to learning and professional development? There’s one great method often dubbed as “the most powerful leadership tool” and it is positive reinforcement. What is Positive Reinforcement? Positive reinforcement is the practice of giving a desirable or pleasant stimulus (reward) after a certain behavior, to reinforce its recurrence. It simple words it stands for strategic praising to encourage certain actions among your employees. However, positive...