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Well i believe to provide the necessary tools to ensure that employees have everything they need to do their jobs competently. They should be properly trained and have access to ongoing training and development. Company should ensure that their work is as interesting as possible by providing variety, increased responsibility or position scope,incentives, respect, involvement in special projects or cross-training.
it depends upon the employee nature and his attitude towards the work some employees are motivated via through monetary terms while some are motivated by recognition. like giving them the reward employee of the month award improving their designation and other fringe benefits because your employees are the source who play the major role in your over all production. .