Motivation is an essential factor in ensuring that your team performs at its best. It is no secret that motivated employees are more productive and engaged in their work, leading to better performance. However, finding ways to motivate your team can be a challenge.
To help you get started, we have compiled 20 surprising statistics about motivating your team and boosting performance.
- According to research from O.C. Tanner. 79% of employees who quit their jobs cite lack of appreciation as a key reason.
- According to Gallup, engaged teams are 21% more productive than disengaged teams.
- A study by the Harvard Business Review found that recognition is the most potent motivator.
- A survey by Globoforce found that 78% of employees who receive recognition for their work report higher levels of trust in their employers.
- According to a study by Achievers, 70% of employees say that motivation and morale would improve if managers celebrated success more often.
- A survey by Glassdoor found that 53% of employees said that salary and compensation were among their top motivators.
- According to a study by McKinsey, employees who feel connected to their company's mission and values are 30% more productive.
- 82% of employees say that they would be more loyal to their employer if they had more opportunities to learn and grow.
- A study by the Society for Human Resource Management found that employees who feel their contributions are valued are 91% more likely to stay with their employer.
- According to a study by Gallup, employees who have a best friend at work are seven times more likely to be engaged in their work.
- A survey by TINYpulse found that employees who feel they have a good work-life balance are 10% more likely to stay with their employer.
- A study by Aon Hewitt found that companies with engaged employees had 25% higher profit margins than those without.
- A survey by FlexJobs found that 86% of millennials would prefer to work from home full-time. Offering flexible work arrangements can help keep employees motivated and engaged.
- According to a study by the University of Warwick, happy employees are 12% more productive than their unhappy counterparts.
- A survey by TINYpulse found that employees who feel their feedback is valued are 3.5 times more likely to give their best effort at work.
- A study by the Aberdeen Group found that companies with formal employee recognition programs have a 14% higher employee engagement rate.
- According to a survey by CareerBuilder, 58% of employees said that their relationship with their direct manager influenced their motivation levels.
- According to a report by Talentsoft, companies with a strong culture of recognition have a 31% lower voluntary turnover rate.
- A survey by McKinsey & Company reveals that 70% of employees believe their motivation and morale would improve if managers celebrated success more often.
- A study published in the Harvard Business Review found that employees who feel their contributions are valued are more likely to be motivated to work harder.
These statistics highlight the importance of motivation in boosting team performance. Recognizing and appreciating employees, providing opportunities for growth, fostering a positive work environment, and promoting work-life balance are key factors in motivating your team. Effective leadership, clear communication of the company's mission, and embracing diversity also play crucial roles. By implementing strategies to enhance motivation, you can unlock your team's full potential and drive exceptional performance, leading to greater success for your organization as a whole.