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In my opinion there are two categories of incentives. Incentives material increase in salaries and wages and bonuses. And moral incentives related to security and complacent functional such as the stability of work, participation in decision making, commitment and belonging, and upgrade and assess the efforts of workers to thank and praise them for loyalty throughout the years of service .... etc.
Senior and Experienced employees do not need the motivation. Seniors are OUR motivators. They are in fact paid well, receive great perks and bonuses, have a designated parking spot (in some countries), and are usually with CEO playing golf....
Rank is usually a motivator for those seniors who do not have the above mentioned perks. Higher incentive, company stock, contribution plans or retirement package...
Respect
A sense of accomplishment
Reward & Recognition
Involve them
Set challenging goals
Give them the tools to succeed
1. Give respect.
2. Give mentoring opportunity
3. Learning & Development exposure opportunity.
4. Provide competitive salary and benefits.
Incentives, recognitions and participations in decision making.
I believe in order to motivate employee's at any level of the organisation that you as Project Leader need to determine where each member stands on Maslows Hierarchy of Needs and try and guide them to the pinnacle of self actualisation.Also in order to motivate your team you need to instil the four basis needs of your followers which is Trust,Compassion,Hope and Stability.Team building events such a day trips is also another great way of motivating and bonding your team.
Simple recognition and appreciation will help them boost their morale and will keep them motivated.
by respect
make them in executive position
make them take and put decision and rules
