How to Boost Team PRODUCTIVITY l 3 Strategies

Summary

This video explores the science of building a highly motivated team, debunking the myth that cash is the sole motivator. It delves into the deeper elements of motivation, such as creating a sense of connection through a clear vision and understanding personal goals, enhancing capabilities with job-related and interpersonal skills training, and the importance of care, fairness, and celebrating contributions. The speaker offers a 40-minute training for further insights on scaling a business and fostering a motivated workplace.

Takeaways

• 💰 Money is not the primary motivator for sustained performance; it can only provide a temporary boost.
• 🔍 A study by Stanford University showed that higher pay did not lead to better performance in the long term.
• 💼 Paying employees enough ensures they can focus on their work without financial stress, rather than being solely motivated by money.
• 🌐 The deeper elements of motivation lie beneath the surface, like an iceberg, and include a sense of connection, capability enhancement, and care.
• 🔑 A clear big vision for the business helps employees feel connected and part of something larger.
• 🤝 Understanding and aligning personal goals of team members with the company's vision fosters a deeper connection to the workplace.
• 🛠️ Enhancing capabilities through job-related skills, interpersonal skills, and life skills is crucial for personal and professional growth.
• 👥 Interpersonal skills such as people management and communication are essential for navigating workplace relationships effectively.
• 🏡 Life skills training, including personal finance and health management, contributes to employees' overall well-being and motivation.
• ❤️ Genuine care from management, demonstrated through fairness, work-life balance, and celebrating achievements, is a key motivator.
• 🏆 Celebrating and acknowledging employees' contributions is vital for maintaining motivation and preventing high performers from leaving.
• 🎓 The speaker offers a 40-minute high-intensity training as a special gift to further enhance understanding of building a scalable and profitable business.

Q & A

What is the main focus of the video?

The main focus of the video is to explain the science behind building an extremely motivated team and to provide strategies for ensuring team members take ownership, are committed, and contribute to the organization's growth.

What is the common misconception about employee motivation mentioned in the video?

The common misconception is that cash or higher pay is the primary motivator for employees to perform their best.

What did the experiment conducted by human behavioral scientists from Stanford University reveal about the relationship between pay and performance?

The experiment revealed that higher pay did not lead to higher performance. In fact, it showed that even when employees were paid more for better performance, their performance decreased over time.

According to the video, what is the appropriate approach to compensating employees to ensure they are not solely focused on money?

The video suggests paying employees enough so that they are not worried about money and can focus on solving the problems they encounter at work.

What is the first aspect mentioned in the video that truly motivates people?

The first aspect that truly motivates people is feeling a sense of connection to the workplace.

What are the two driving forces of connection mentioned in the video?

The two driving forces of connection are having a clear big vision for the business and understanding the personal aspirations and goals of individual team members.

How can an organization help employees enhance their capabilities according to the video?

An organization can help employees enhance their capabilities by providing job-related skills training, interpersonal skills development, and life skills education.

What is the third invisible force discussed in the video for building a motivated team?

The third invisible force is care, which involves treating team members with fairness, supporting work-life balance, and celebrating their contributions.

What is the special gift offered by the speaker for those who watch the video till the end?

The special gift is a 40-minute high-performance training to help understand how to scale a business.

Why is it important for a business owner or leader to understand the personal goals of their team members?

Understanding personal goals helps establish a deep level of connection with team members, making them feel valued and part of the organization's growth, which in turn enhances motivation.

What is the role of celebrating team members' contributions in building a motivated workplace?

Celebrating team members' contributions shows that their work is recognized and valued, which is crucial for maintaining motivation and preventing talented individuals from leaving the organization.