Managing a team is no easy feat, and often times, project managers believe that the only way to get their team more motivated is to provide higher pay. Unfortunately, more pay doesn’t necessarily yield better results, and some studies actually show the opposite. So what makes a great team?
Understanding the Benefits of Engagement
First off, it’s true that fair compensation and bonus plans affect employees’ motivation, but there is something greater that trumps even these two important factors: engagement. Engagement can be defined as the combination of job satisfaction, motivation and effectiveness. When employees are engaged, they have increased productivity, enhanced performance and a genuine commitment to the company.
Furthermore, when all employees are engaged in their job roles, the collective effort of the company starts to shine through. In the construction industry, this is a huge factor since everyone depends on each other to complete their task. If one part of the project fails, it’s like an ongoing domino effect. With more team support, faster completion times and working toward a common goal, construction projects are successful almost always.
There is another factor to consider as well: budget. When all employees are fully committed, they collectively work together to complete the job at or under budget, saving costs and resulting in fewer resignations. Instead of believing that creating a committed, engaged team will result in a larger cost to the company, think the opposite. When everything is completed on time and according to schedule, you save money on materials, hours of labor and having to higher new staff.
Engagement as a Successful Foundation
There are a variety of aspects that fit into engagement, including:
– Job Satisfaction
While each of these three factors has many components to them, the primary goal is to ensure that your wages are in line with the market; all employees’ are valued and respected; and all projects offer new challenges and opportunities for employees to shine as leaders.
Remember that like any new implementation, building a collaborative team isn’t something that happens overnight. It takes time, patience and diligence, but with a continued effort engaging employees, you’ll be building a strong network of dependable, fully committed team members.
Blog sponsored by: Construction Reports
Image c/o: Thinkstock
Reference Link: Construction Business Owner