Employees motivated by pay increases

7th February, 2012 - Posted by admin - Comments Off

Businesses renting office space in Manchester could use the cash they save to offer staff pay increases in order to boost their motivation.

A new study conducted by Hyphen revealed that 75 per cent of the 1,000 questioned would work harder if they were offered more money.

However, firms unwilling to offer workers more money may be able to motivate staff by offering them more annual leave.

Two-fifths of respondents said the promise of a larger holiday allowance would motivate them in 2012, while just 33 per cent said increased job security would encourage them to work harder.

Zain Wadee, managing director of Hyphen, said that employee engagement and listening to the concerns of staff can help organisations shape their benefits package.

He went on to note that the demand for holidays could indicate the growing shift from monetary rewards to employee benefits.

It was also noted that 11 per cent of workers would be motivated by a change of line manager.

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