Job satisfaction better than bonus
Three out of five rated enjoyment of their job as the main motivator at work , a survey of 1,000 employees found.%VIRTUAL-SkimlinksPromo%
The Institute of Leadership & Management (ILM) said its study suggested that the billions of pounds spent on bonuses had no impact on the commitment of most workers.
ILM chief executive Charles Elvin said: "In the past year, UK companies have collectively spent an astronomical amount on financial incentives for their staff, but this report is telling us there are far more effective, and cost-effective, ways to motivate people.
"What this also shows is that having good managers is paramount in business, as they are key staff motivators who can make a real difference to their teams.
"It sounds so simple, but something as basic as hearing 'Great work on that report' can be a real boost to an employee's confidence and deliver a sense of pride and satisfaction."
© 2013 Press Association