4 Principles to Achieve a Highly Motivated Team
Estimated Reading Time: 8 minutes
When thinking about incentives for our employees, the first thing that comes to mind is money! Although for some people money is very attractive. But money is not necessarily the most important motivator. There are four principles on which we should focus to achieve greater engagement, generate more trust and increase the motivation of the current team: Power, Information, knowledge and Rewards.
1. Power: Power means employees have the authority to make important decisions for their performance and professionally improve their quality of life. This implies that they decide and then get feedback. Or they accept responsibility or total authority of their decisions and its results. It has a lot to do with the 5th key for a Winning Team to“encourage risk taking” in order to offer our employees the opportunity to make decisions on their own account. In this way, reward them if they give good results or feedback. Additionally, they can learn from their mistake if they did not obtain the planned result.
2. Information: Refers to data, statistics, KPI’s, deposits, usefulness, client opinions, etc. Just as many Mexicans demand from their government access to information, employees should also have access to their company’s information. This information must be precise, current, and understandable for employees.
The more transparent the owner is regarding company information, the greater the possibility will be that employees will effectively contribute to the success of the company.
3. Knowledge: It has to do with training employees and improving their skills. Given that in the beginning of Power we gave employees the authority to make decisions, it is important to develop the skill and ability to make the right decisions through constant training and coaching. This implies training programs for new employees and ongoing training for older employees.
4. Rewards: This item is to reward our employees for their efforts to improve the business’s performance. Rewards are the cohesive factor for employees to use Power, Information and Knowledge for the good of the business.
Rodrigo Escobedo (@TuActionCOACH ) is a Business Coach certified by ActionCOACH, the International Business Coaching Institute and the Asociación Mexicana de Coaches de Negocios. His studies include Civil Engineering at ITESM Monterrey Campus, and an MBA from HEC Montréal. He has over 11 years of work experience in Mexico and Canada. He is a certified trainer for PDA Institute to enable the SAP channels in Latin America. He is a specialist in SME’s, Entrepreneur Development, Finance and Human Resources. Among his achievements he has coached over 200 companies directly focused on increasing business profits, for owners to work less hours and the team of collaborators of these companies are more aligned with the vision and philosophy of the owner.