How to keep your employees motivated without breaking the bank

Salaries of employees has been reduced by 2% from October 2010 and have remained stable since the beginning of the year. If your company simply does not have the funds for salary increases must be creative in order to minimize turnover, keep staff is much more profitable than finding new supports. Fortunately , there are many ways to keep your employees motivated , while reducing labor costs in your company. bank
1) communicate with them how
When it comes to motivating employees , most employers think in an incentive program of some kind is the only way to go. But what of the idea : Communicate with your employees. As a small business owner myself, instituted a " Monday Morning Coffee " program with my staff. Every week , I choose a staff member with whom I spend 30 minutes to an hour talking . Often the conversation is still not business related . When an employee knows they are truly appreciated and that his boss has a genuine interest in them, are much more likely to perform well. how
2) establish a Casual Day
There are two ways to approach this . First, you just need to provide all levels of staff as an added benefit . Friday is usually the most popular day . Or you can make a competition offering the most efficient or service used on a weekly or monthly basis. In this way , you can motivate your employees and increase productivity . how
3) Have a "boss of their work " Promotion
Here is an original way to motivate your employees : If employees to achieve their specific objectives , you must perform certain tasks for them. For example , if you work in an office with a rest room and bathrooms , it is likely that your computer is responsible for keeping them clean . Consider holding a contest to reward managers who perform these tasks in place. bank
4) Provide opportunities for telework how
If you have employees who can be productive at home, consider offering an option of telecommuting . Your employees are sure to love , as it will save a lot of time and money.
5 ) participate in teamwork activities
This method may seem cliché , but it really works . Staff members who develop close personal relationships with their co-workers are much more likely to stay with a company. Although his team building activity is nothing but the bowling after work, employees are sure to appreciate . how 
Final Thoughts how
Before starting any kind of participation in the program's benefits , get feedback from their staff. For example , you may think that offering free movie tickets is a great idea , but if the majority of its staff is not in the visiting rooms , their efforts may be in vain. Develop a program that appeals to everyone - if you can reward your employees without breaking the bank , to strengthen its workforce and , potentially , improve the profitability of the company. how
What other ways can you think of to motivate staff without spending much money ?