The trifecta of effective total rewards

Employees are motivated by rewards, tangible and intangible. Your diverse teams contain individuals motivated by a variety of things. Obviously, they want your company or team to succeed. Their main motivations however lie in how meaningful their work is to their life goals.

We live in a world of endless possibilities and diminished boundaries. You work with a diverse set of team members. Everyone in your team is different! Each of your team members has a unique skill set, personality traits, values and personal goals. It can become overwhelming to account for everything. As a business owner or team leader you will need to use your knowledge of how they attach meaning to their work so that you can motivate them effectively.

You need data-backed insights to guide you about the various cohorts of employees in your organisation and data-backed research to know how you can deliver scalable, effective solutions to ensure that your team members stay happy and accomplish great things at work to achieve the collective goals.

The three things that will help you stand out among your peers-

·       How well do you know your team and what it wants?

·       How does it align with the team and organisation’s goals?

·       Which rewards should you focus on to get what you want and what they want?

In our next blog, we talk about how employee happiness helps you achieve your goals earlier and better!