Motivating when the money isn't there

You'd love to giver your best employees a raise. They are pouring their hearts and souls into the company, working extra hours, skipping lunches. And you know they need the money, but for now, it's just not there to offer.

So how do you keep these employees motivated until the purse strings loosen up a bit? Study after study shows that being acknowledged and appreciated is one of the most powerful motivators an employee can offer. Knowing that the extra hours and extra effort are noticed and appreciated goes a long way towards keeping employees happy.

Here are a few ideas for letting employees know you see exactly what they do for your company. Some are cheap, some are inexpensive, and some are actually free!

1) Say thank you. A sincere, on-the-spot thank you in the midst of battling the stresses of the day can go a long way towards motivating an employee to work a little harder, try a little harder.

2) Put it in writing. Take that thank you, and write it in a thank you card and you will double the impact of your message. If the thank you is sincere, that card will go up on their wall, or travel home to be shared with family. Either way, your gratitude will make a big difference.

3) Make it personal. Today at work, I ws asked to create a personal message to go on an award certificate for someone who has been doing everything and more for her department. It came down to three, somewhat lighthearted lines that describe what she does. But when she gets that certificate in front of her teammates, she will feel the appreciation because the certificate's wording is personal. Not just good work -- the specifics make an ordinary award certificate truly meaningful.

4) Feed them. Whether it's lunch, a cappuccino at the corner coffee shop or a jar of candy for their desk, food is a great low-cost motivator. Give them a gift card in the thank you note, leave the candy jar on their desk with a note of thanks or give them an extra hour off one afternoon and prepay for a coffee or other treat. Little cost. Big results!