Less than a third of the British workforce say they are motivated by financial reward, according to a recent research by recruitment specialists Brook Street.
Just 28% of those surveyed said they were motivated by financial reward when in the workplace. 16% said they are motivated by a challenge and a massive 37% are motivated by job satisfaction.
Erika Bannerman, Brook Street Sales and Marketing Director believes that the research demonstrates that motivating people at work is about much more than a good salary. She said, "People need to feel satisfied in their job and having a challenge has also shown to be a key motivator. With so many people motivated by job satisfaction it suggests that employers should look at attracting employees by other methods than just financial rewards."
12% of people stated their key motivation at work is getting praise from their boss. Interestingly only 7% of people are motivated by having responsibility.
Erika continued, "We are in an applicant driven market, where applicants are in demand. Employees could improve their recruitment and retention by offering individuals development, training and opportunities for career progression. Regular appraisals can also help to motivate with clear achievable objectives being set and career progression plans outlined. Communication is also key, employers need to acknowledge the hard work that their employees do and identify if they are satisfied within their role."
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