Employee motivation in the period of market uncertainty 2022-2023. Oleksandr Sivak

How to motivate your employees? This question is asked by everyone who has their own team. It is especially relevant now, when the market is uncertain. To answer this question, we contacted Odesa businessman Oleksandr Sivak.

Oleksandr Sivak is a businessman with extensive experience, he started his career in 1993, becoming the publisher of the magazine "Shipping". The magazine educates on issues of logistics, sea and river transport, operation of ports, transport enterprises of various forms of ownership, and now also issues that interest sailors more than ever, namely the question "When will sailors be allowed to leave?", "What should sailors who have temporarily stayed out of work?" and other.

Since 2009, the businessman founded the Strateg trading house, which is currently a leader in its segment. The strategist makes children's board games, paint-by-numbers, puzzles for children and adults, and much more.

Oleksandr Sivak has two large teams that show a good result, so the businessman told us how exactly he motivates his employees. The entrepreneur notes that the motivation of employees plays a very important role, because it determines the level of energy, purposefulness, perseverance and creativity of employees. Higher employee motivation leads to better engagement and productivity.

It must be remembered that employees are different and motivated by different things. Still, Sivak highlighted a few tips for motivating employees that every employer should follow.

1. Real leaders motivate people

Choose the right leaders, this rule is one of the main ones. Good leaders are able to strongly motivate and involve all people. To determine a leader, the businessman suggests interviewing his employees and finding out exactly what traits a leader should possess.

2. Material motivation

Reward your employees, intrinsic motivation is good, but material rewards add more desire to perform their tasks. Odessa says that it is possible to introduce a bonus system that will encourage employees.

3. Working environment

The place where the team works plays an important role, so it is necessary to create a favorable working environment where employees will feel comfortable and free.

4. Intangible motivation

Don't spare money for your team, because your profit depends on their performance, so implement training and development programs.

Oleksandr Sivak notes that there is no single rule or best method of motivation, each team is individual, so the approach to everyone is different. Various methods of reward help to achieve the desired result, the main thing is not to be afraid, experiment and everything will definitely work out.