Salaries
and job security have overtaken effective leadership and "a good
relationship with the boss" as the most motivating factors for people at
work in the past 12 months.
The
fourth annual motivation survey, published by Capital Incentives &
Motivation, also shows that "being treated fairly" and "having
good relationships with colleagues" remain top priorities as the most
motivating factors in the workplace.
However,
one of the most notable changes over the past year is the importance of
salaries. It rose from fifth place (very important to 47 per cent of
participants) to third (now very important to 57 per cent).
Job
security is highly important to 52 per cent of participants, compared with 42
per cent a year ago, and good benefits were important to 23 per cent of
participants, which has now risen to 47 per cent.
Graham
Povey, managing director of Capital Incentives & Motivation, said:
"This is a very revealing picture of rewards and motivation in business
today. Pay and job security have jumped up in importance compared with recent
years ahead of good leadership, and the increase in companies offering
incentives has risen dramatically.Â
"With
high levels of employment, it is becoming increasingly difficult to retain good
employees," he said. "Clearly, many companies are realising that an
effective motivation scheme is an excellent method of reducing staff turnover
and retaining your best people."
What
motivates you at work?Â
Based
on percentage of respondents who voted each factor as very important
Motivator                                                Percentage
1. Being treated fairly/valued                         78
2. Good relationships with colleagues               69
3. Good current pay/salary                              56
4. Job security                                                54
5. Effective leadership                                     50
6. Good benefits                                             47
7. Feeling important and involved                     45
7. Good relationship with boss                        45
9. Training                                                      43
10. Good location and environment                 38
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The
survey interviewed 1,990 people from a variety of sectors.