After reviewing research into how money motivates professionals, LMC Interactive Services has exclusively revealed why they believe people need more than financial incentives to reach success.
LMC Interactive Services is always on the lookout for useful forms of motivation for their contractors. Often it is believed that money is a key factor when determining motivational power. However, with research indicating shifts in the varying factors that are impacting motivation levels. Tim Judge and Colleagues have conducted compelling research that combines 92 qualitative studies. With over 15,000 subjects and 115 correlation coefficients. Quotes results found that “The reported correlation (r = .14) indicates that there is less than 2% overlap between pay and job satisfaction levels. Furthermore, the relationship between pay and pay satisfaction was only marginally higher (r = .22 or 4.8% overlap), indicating that people’s satisfaction with their salary is mostly independent of their actual salary.”
Instead, a confounding element of motivation was engagement with the job as a significant motivation factor. A person’s ability to source a working environment that matches intrinsic values was considered a ground-breaking factor. Gallup completed research on 1.4 million employees, from 192 businesses, considering 49 sectors and 34 countries. The researchers found that job satisfaction levels were similar between control groups offering high salary brackets and lower salary, indicating the lack of influence of pay on overall motivating forces.
LMC Interactive Services is confident that firms looking to establish a motivating workplace should consider how they are improving employee engagement levels. Of course, financial reimbursement is necessary as individuals move towards a more senior role. As careers develop, it is vital that particular purpose matches the direction of the project to ensure that when obstacles arise strength can be found through determination.
Specialising in outsourced sales and direct marketing, LMC Interactive Services works on behalf of big brands looking to reach out to a wider consumer base. As direct marketing specialists, LMC Interactive Services meet directly with their customers to ensure that they have a first-class customer experience with their clients’ brand. The firm states that the personal, face-to-face interaction increases overall customer satisfaction and customer loyalty because of the relationships that are built. This tried and tested business model has continued to generate high sales revenues for their clients since the firm’s establishment.