Office workers planning and walking in front of a building.
Is it possible to run a company without any in-house staff competitiveness? Well, theoretically, yes. You can start a company and simply pay your employees without supporting them with a competitive spirit. But, once you understand the benefits of in-house staff competitiveness, you will be sure to nurture it to its fullest potential. So, how does one nurture in-house staff competitiveness, and what are the true benefits of it? Well, that is what we are going to take a closer look at.
Why is in-house staff competitiveness important
Before we go over various methods on how to nurture in-house staff competitiveness, let’s first see why it is important that you nurture it in the first place. Now, if you have never run a company, you might think that in-house competitiveness will only bring conflict and frustration. After all, doesn’t every team run better if everyone is working together? Well, this is a sound idea, numerous studies and practices have shown that in-house competitiveness has certain benefits that you simply cannot get any other way.
One of the first things you will notice once you start to nurture in-house staff competitiveness is the increase in performance. People, in general, tend to be competitive. And if you can give them a healthy way to focus their competitiveness, they will develop a success-oriented mindset. Even if the notions of “being better than the colleagues” or “being the employee of the month” don’t come with any benefits, some of your staff will do their best just so that they can stand out. Numerous psychologists and companies have tried this and verified it to be true. Therefore, if you are looking for a way to boost your staff’s performance, introducing competitiveness is the way to go.
Sense of accomplishment
The main reason why people compete is a sense of accomplishment. Ever since we were young, we were though that being number one means something. That being better then the rest is a worthwhile goal. Therefore, it should come as no surprise that the mere validation that you are better then your peers are going to bring a sense of accomplishment.
Now, this sense of accomplishment is no small thing. Not only will it increase the overall performance of your employees, as we previously mentioned, but it will also boost their confidence and give them the necessary focus to keep your business on top of the industry trends. Most people tend to look for ways to slack off and then get bored if their hard work is not getting rewarded. So, when it comes to both your staff performance and your staff morale, don’t neglect the sense of accomplishment. It can be a great tool to use.
Methods to nurture in-house staff competitiveness
So, with all that we’ve outlined in mind, how does one nurture in-house staff competitiveness? Well, there are a couple of things you can do. Just keep in mind that you need to pay close attention to your staff while you implement these methods as competitiveness can lead to unwanted conflict. And the last thing you need is for your staff to undermine each other in order to come out on top.
Creating the right incentive
Creating the right incentive is the cornerstone of nurturing competitiveness within your staff. After all, you need to find something that will motivate your staff to be competitive. So, what can you do? Well, there is no perfect answer. Different companies have different people working for them. Therefore, different incentives will have different effects. So, you need to consider your staff well and pick one way to motivate them.
Among the things you can use are:
- Monetary rewards for top performance.
- A special title for a month
- Freedoms that other staff members won’t have.
- Gifts of rewards for continual top performance.
These should be enough to give you the right idea of what an incentive should look like. Feel free to mix and match and try out different incentives before you find the right one for your company.
An important thing to keep in mind is that punishments do not work. Some of you may think that punishments may incentivize your staff to compete more and perform better. But, multiple studies have shown that this is simply not the case. Punishments only frustrate staff and can even hinder their performance. Therefore, when figuring out how to nurture in-house staff competitiveness, remember to avoid punishments.
It will be good for both your staff performance and their morale if you value their creative efforts. Now, most of the ideas your staff will come up with may not be useful. But, even a couple of good ideas can have a huge impact on your company as a whole. So, if a staff member is implementing lead generation tactics to boost your sales, make sure to praise and reward them. Think of it as investing in future creative ideas.
Teamwork should be rewarded
One thing you should definitely reward is teamwork. Some of your staff may not be motivated to do their best as a standalone person. After all, not all people are competitive in the same way. But, it is usually the case that the people who are not competitive, are usually quite willing to help others. And this is something that you should definitely reward. So, if a person is avoiding general competitiveness and instead focusing on helping the office as a whole, be sure to thank them. Use corporate business events to praise them and to make sure that they are appreciated.
A bit of praise can go a long way
And, finally, keep in mind that a bit of praise can go a long way. A simple congrats or a token of appreciation can mean the world for an employee that is having a bad day. It cost you nothing, and it will do wonders for nurturing in-house staff competitiveness and promoting hard work.
How to Nurture In-House Staff Competitiveness
In-House Staff – Office workers planning and walking in front of a building. Is it possible to run a company without any in-house staff competitiveness?