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Job satisfaction better than bonus
Most workers rate job satisfaction, getting on with colleagues and decent treatment by their managers ahead of receiving a bonus, according to new research.
Three out of five rated enjoyment of their job as the main motivator at work , a survey of 1,000 employees found .
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.
"These include giving regular feedback, allowing people to have autonomy in a role, the opportunity to innovate and improved office environments.
"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."