In the article “8 Ways Leaders Can Motivate Employees Beyond Money”, the author affirms that non-financial motivators may be more effective in the long term than financial incentives.
Based on a McKinsey survey, the author then provides the following 8 principles, which can be very useful when money is in short supply or when a financial incentive is not available:
- Energize your team
- There’s more to life than work
- Put your people first
- Act with integrity
- Be a great communicator
- Be a great listener
- Be a problem solver
- Lead through experience and competence, not through title or position
