How to choose incentives that matter
How do you motivate people? You don't. You create conditions where motivated people can excel. Think about your best people. Most of their drive comes from within. Thanks to the self-help movement, people are more in touch with their inner motivations than ever before, especially millennials. Keep in mind, Oprah has been telling us to live our best life since we were two years-old. As a leader, you can create conditions that will bring out the best in your people. Money is a good incentive. Rewarding top performers with additional pay is pretty standard, but there are four other things that bring out the best in your team, and the good news is, they're cheaper, and they matter more to millennials than money.
First, be a good boss. 65% of people would rather have a new boss than a raise. The best incentive you can offer your team is to be a leader who provides feedback, engages with them, and helps them win. Second is flex time. This boundary between life and work has become so fluid. I think about my job all the time.Source: https://www.linkedin.com/learning/hire-retain-and-grow-top-millennial-talent/how-to-choose-incentives-that-matter