It’s interesting just how often, when a group of managers are asked what motivates people, they put money close to the top of the list.

Of course we all need to earn to live but in itself money is not a long term motivator. Once people feel that they are fairly rewarded for their efforts, they cease to see money as a motivator.

On the other hand, what people are craving far more of is feedback.

Feedback lets employees know:

• How they are performing.
• What they are doing well.
• They are appreciated and their success matters to you.

So the question is, are you making the time to give feedback? If not, you are probably missing out on the lowest cost form of motivation that there is.

Duncan Brodie of Goals and Achievements helps accountants and health professionals to achieve success and realize their professional potential through being highly effective leaders and managers. For more information and to sign up for his free audio e-course click here

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