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More than paper currency - what's your managerial style?
A graduate welcome dinner at a luxury hotel, two weeks training in London Head Office, a chance to meet some of the best minds in the industry – with so many benefits to be reaped what could possibly be amiss in your office style?
Bullying can cost companies upto £3 to £4 billion per year and what’s more Professor Cary Cooper (UMIST) in his research work in the mid-1990′s estimated that some 40 million working days a year were lost because of bullying in the workplace – 160 times more than days lost by industrial action.
So is there a solution to it?
Your employee today needs more personalised approaches than in the years gone by: the freedom of being able to direct and charter their own line of personal and professional growth. Intrinsic motivation will afford your company more stable long-term employee happiness than external pressures. However, in order to cultivate this air of self-motivation in your team, you need to regard individuality in the company.
Why? Because self worth and individual power contribute to social currency amongst the workforce. Daniel H Pink in his 50 year research publication Drive: The surprising truth about what motivates us, pinpoints the generational shift in office culture. He talks about the first era where survival was important, then the second era of reward and punishment which has now translated into a third era where freedom of space and recognition of individuality need to be respected. A report by consultancy firm, PWC shows that 80% workers would rather receive an Ipod from their boss than a promotion. This is the voice of your employee telling you “I want more than paper currency, I want individual relevance in your company.”
According to Daniel H Pink, “We’ve totally oversold the effectiveness of carrots and sticks as motivators. Yes, people have to be paid enough but once they’re paid fairly, enduring motivation depends on their having a measure of autonomy, making progress in their work, being connected to other people, and feeling their work is making a contribution to something larger…. The message is so simple I can put it in a less than 140 character twitter post: carrots and sticks are so last century. Drive says that for the 21st century, we need to upgrade to autonomy, mastery and purpose.”
Every journey begins with the first step.
Why not follow the steps of corporates FedEx and Google? Both employers allow employees a designated amount of time to work on innovative projects of personal choice for the company. Start somewhere small yourself. Let your workers come in a dress style of their choice once a year to inculcate a relaxed personalised atmosphere. Instead of focusing on restrictions, put the emphasis on loosening boundaries. It’s time to find the balance between office order and freedom. To give more than paper currency.
About Exclusively Prive
ExclusivelyPrive.com is a luxury lifestyle business focussed on recruiting and supplying high-end rewards that inspire and motivate your employees and customers alike. At ExclusivelyPrive.com we help you source once-in-a-lifetime rewards and incentives that motivate and positively improve behaviour.
Contact: Bunie Anyaegbunam