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Most people think that the key to employee motivation is giving performance-based raises. But this common motivation tactic doesn't actually do much, according to a Harvard Business Review article that detailed the findings of an analysis of 120 years of previous research. More money does not equal more motivation.
This phenomenon stems from people’s intrinsic desire to reduce their cognitive dissonance, the inner conflict they have when it comes to aligning their attitudes, beliefs, and behaviors. The reason for this incredible result has to do with cognitive science. If they align, they will quickly internalize that value.
Dave: Let’s drill down into that a little more, h ow can managers best motivate their salespeople? Dan Pink) have done a great job of demolishing the notion that people are best motivated by money. Help is the best motivator there is. . Being helpful is often the most important way to support and motivate your people.
She motivates your team during meetings, inspires you in one-on-one sessions, and finds job satisfaction through cultivating meaningful relationships with others. Personality assessments can help you motivate others. Alternatively, I have a coworker who is fueled by constructive feedback.
For example, a visionary leader would explain to their team why they should be hitting their sales targets , and would also ensure that outcomes are tied to intrinsicmotivation. By contrast, a typical sales manager would most likely use extrinsic methods of motivation, enforcing and reinforcing the carrot-and-stick approach.
Or if you need someone who’s intrinsicallymotivated. That money is more of a motivator, and you’ll find individuals being more coin operated if it’s a mechanical task. And in fact, I bristle at the term. I think Dan Pink has done a lot of research on this.
They also play a role in each sales rep’s professional development by mentoring them one-on-one, doing annual performance reviews, and offering constructive criticism to help them reach their full potential. They’re motivational and visionary. But successful sales leaders don’t just guide sales teams as a unit.
So, how can you motivate your team to meet and exceed their goals? Figuring out the best sales incentives structure to motivate your reps can make a big difference in some cases — helping them come to work energized and eager to get results. This can help keep top performers motivated even after they achieve their original goal.
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