Happy employees lead to higher productivity, lower resigning rate, a positive work environment, and ultimately a better work ethic, which benefits your business. Hence, employee empowerment is one of the most important things a business owner should focus on. Satisfaction is likely to be achieved by participative programs related to planning, performance appraisals, and control systems to increase involvement and thus have employees more satisfied, committed, loyal.
There are a few motivational theories that explain what will satisfy someone based on psychological concepts. Although these models are very traditional and have been long-existent, the same psychological principles still apply today and as a leader, you will gain insight on how to empower and motivate your followers, employees, or team members.
According to the Need-Based Theory, people are motivated to complete tasks according to Maslow’s hierarchy of needs, which suggests that physiological needs (food, clothing, and shelter) are priority, moving on to safety and security needs, needs for belongingness and love, the need for self-esteem, and finally self-actualization.
The Manifest Needs Theory (by McClelland) identifies three needs that motivate someone:
1) The need for achievement (money, status, lifestyle caused by success)
2) The need for affiliation (sense of well-being)
3) The need for power
What we can learn from this information:
Almost any job or form of work or business opportunity offers a wage for any employee to be able to satisfy their basic physiological needs as well as needs for safety and security. That is why we will not be focusing on these basic needs. Instead we will focus on the needs that individuals perceive of value after their basic needs are satisfied.
For example, the need for achievement explains why so many people are motivated by money as well as public praise. Whether you own a large firm with manual labor or you own an internet marketing business, you can effectively use a competitive compensation as well as incentives based on productivity to motivate your subordinates or team members.
A public leaderboard is a great technique to empower employees or your downline as they satisfy the need for self-esteem, which can be achieved by being praised for their accomplishments.
Opportunities for advancement will cover the need for power and will motivate employees or team members to maximize their efforts to gain a competitive edge and deserve a position of more responsibility and power.
Finally, due to the natural need of affiliation and belongingness, people are excited to work as a team and are likely to respond with enthusiasm when management or leaders request for them to communicate with fellow team members or employees to collaborate on completing a task.