Motivating Beyond Money

Building an amazing team is key to growing a business. But are people only motivated by money and this why you get employees asking for a raise often, or are other factors important to attract, retain and motivate your team? I found this video that I wanted to share with you; whether you already have a team or just starting out, the points in this video are important to keep in mind. Can you impact behaviour with money? How do you attract, retain and motivate staff – especially when you are bootstrapped?

The video is interesting because many travel businesses (or any business really that pays sales people by commission) seem to increase commissions as a means to reward for increased sales; this appears contrary to what the study seems to indicate. Are there better or different ways to design your compensation or introduce other motivational activities that will have a bigger impact to your business and drive more sales?