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In order to find, retain and manage the people with the right skills for your business, you need to consider what employees may be looking for in a job. There are a number of motivators besides money that people are interested in.

As an employer you can offer incentives as a way of motivating your staff. Incentives are rewards for achieving goals. Employers should set out an incentive early on and reward employees when they meet or exceed a certain goal, objective or deadline. You may consider offering extra incentives for exceptional performance.

As a way of enticing new staff or motivating your current employees, you can also offer perks on top of their base salary and entitlements. These may include extra leave, flexible hours, bonus training, gifts or share options. Share options are particularly effective as the staff benefit inline with the business.

Another way to motivate your staff is by offering an improved work-life balance. Work-life balance refers to adjusting work patterns to assist employees in combining work with their other responsibilities, such as their children.

It may include working part time, job sharing, flexible rosters or even working from home. You may also consider providing a certain amount of unpaid leave for when it is required. This allows people to stay at in the workforce in situations where they may otherwise have had to leave.

A better work-life balance may also help to reduce employee stress, improve productivity and decrease unscheduled absenteeism. All of these factors can reduce staff turnover and improve loyalty and commitment. You can find more information on managing and motivating your employees at the Workplace Development Tasmania website.

Effective leadership is important to motivating your employees. This can be achieved by keeping your staff well informed, encouraging open communication, building work relationships and constructive management. Encourage them to provide good ideas and contribute to the business' success. The Motivating Staff page at the Business Victoria website provides further information on this topic.