Employee motivation is an important factor for the success of any company - also in the roller bearing industry. Motivated employees in purchasing & sales are more productive and committed. It is important that companies adapt to the needs of generations X, Y and Z and enable modern working. It is up to us to make the bearing industry attractive for the next generations in order to attract and retain motivated young employees.
What are the characteristics of generations X, Y and Z?
How can we specifically address these individual needs and demands and align our corporate culture accordingly?
Generation X comprises people born between 1960 and 1980. They are well educated and work in order to be able to afford a materially secure life. Unlike their predecessor generation, Generation X does not put work before other needs, but rather sees it as a means to an end.
Even though the roller bearing is of great importance, it cannot always keep up with the attractiveness of a tech company. This makes it all the more important to create a working atmosphere and factors for employees that pay attention to the needs of generations Y and Z.
What we can do is create a modern work atmosphere that meets the needs of generations Y and Z.
Performance-related pay is a very important factor in employee motivation. However, an attractive basic salary with performance-related bonuses is taken for granted here. It is therefore important to make salaries as attractive as possible. After all, only when employees feel that their work is valued and that they are compensated fairly for it will this have an impact on motivation and commitment.
Praise your employees for their achievements and show them that they are appreciated. Recognition and appreciation are very important factors in employee motivation. Appreciation, praise and recognition lead to employees recognizing how they contribute to the success of the company. This increases motivation and employees are more committed.
Offer opportunities for continuing education. This shows your employees that you are interested in their personal development and that you are willing to invest in their future. Continuing education opportunities are a great way to develop employees individually, help them meet their own goals, and at the same time show them that they are valued.
Review your employees' salaries and make sure they are in line with the market and performance. Consider a system of performance-based bonuses to motivate employees. Praise your employees for their performance and show them that they are appreciated. Awards or other benefits may also be appropriate for particularly good performance. Offer your employees the opportunity for continuing education. Create budget for training and seminars and make sure employees have individual access to them. Offer flexible working hours that meet the needs of your employees. This way, you ensure a work-life balance for every employee. Set goals together and work as a team to achieve them. Always have an eye on making sure your employees understand the value behind their work and how it contributes to the company's success.
ATTENTION:
The best tips and measures are of no use if you do not know your employees well.
Therefore: Make a point of getting to know your employees personally. Show interest. This is the only way to find out what you can improve.
Have regular conversations with your employees and also ask them about their private interests, e.g. hobbies. Organize joint activities such as teambuilding events or excursions. Conduct regular employee surveys, proactively collect suggestions for improvement. Give your employees regular feedback on their work and ask them for their opinion.
At BEARING X, we stand for the new, digital and self-determined world.
With us, you take a first step towards generations Y and Z and offer the kind of tools they want. This is how we make bearing trading fun, intuitive and modern - appealing to the younger generations.
Intelligent roller bearing trading is no longer wishful thinking!
