Speaking of 5 Top Importance of Motivation in Business, starting a business is not a very easy task. It is a complete experience on its own. To keep your sanity in place, you will have to get a constant source of motivation, this is because every business has its ups and downs, its good times and bad times.
This article will expose you to the 5 topmost importance of motivation in business, make sure you go through the full length of it as you stand to benefit a lot from this.
5 Top Importance of Motivation in Business
Below are the five reasons why you will need to be motivated as a business owner or an entrepreneur.
It improves Performance Level
The ability to do work and willingness to do work both affect the efficiency of a person and they work differently. The ability to do work is obtained through education and training and willingness to do work is obtained through motivation.
Willingness is more important when compared to ability. For example, a person is highly educated and he is recruited because of ability. But it is not essential that he will do outstanding work.
He needs to be motivated to do a very good job. This can be achieved only through motivation. Therefore, it is a fact that motivation improves efficiency. The efficiency of a person is reflected in the increase in productivity and decrease in costs.
Helps to Change Negative or Indifferent Attitudes of Employees
Some employees of organizations have negative sets of attitudes. They always think that more work brings more credit or results. Various techniques are used by managers to change these attitudes.
For instance, if an employee’s financial situation is weak, he gives him a raise in his remuneration and if his financial condition is satisfactory he gives him motivation by praising his work.
Reduction in Employee Turnover
The employee turnover of a business has a great effect on the reputation of the business. This usually creates many problems for the managers. Repeatedly recruiting employees and giving them education and training usually takes a lot of time.
Motivation is a big key that can save an organization from such wastage of time and effort. Motivation increases your work potency, motivated workers work for a longer time in the organization and there is a general decline in the rate of turnover.
Helps to Reduce Absenteeism in the Organisation
In a number of organizations, absenteeism has become a major problem. The causes for this include – poor work conditions, poor relations with colleagues and superiors, no recognition in the organization, insufficient reward or low pay, etc. These problems will be in the past when a manager removes all these deficiencies and motivates the employees. Motivated employees are hardly absent from work because the workplace becomes a source of joy for them.
Reduction in Resistance to Change
It is not new that new changes take place in the organizations. Most times, workers are not prepared to accept any changes in their normal routine. Meanwhile, it is essential to bring in some changes to the business because of the demands of time.
Changes can be accepted by employees with the help of motivation. These motivated people can accept these changes enthusiastically and improve their work performance.
From what we have written above, motivation is very important for the well-being of your business. Therefore, look for ways to motivate yourself and your workers regularly. Further research can be done on Google.