If you’re an entrepreneur, then you know that it’s important to recognize your best employees. After all, they’re the ones who are helping you grow your business and achieve success. Justin Cobb Leadership Academy put together a few reasons why employee recognition is one of the best things you can do for your team.
1) Recognition motivates them to keep working hard.
Motivation is so important. Nobody works just because they feel like it. They want to feel valued and important. So recognition gives people a reason to keep coming to work.
2) Recognition encourages them to stay with your company.
Business is competitive. If you don’t recognize your best people, someone else will. You don’t want to be losing your top talent because you don’t recognize them.
3) Recognition improves productivity.
Happy people are productive people. The more you improve the well-being and mood of your team, the better your results will be.
4) Recognition shows that you value their contributions.
Positive feedback lets people know what they are doing is important. If someone is doing good work but it isn’t recognized, they may start to reduce their output. They may think it isn’t worth their time.
5) Recognition strengthens relationships between coworkers.
Your team will perform much better when everyone on the team has a good relationship with each other. Recognizing the best performers gives other people something to look up to and sets a standard for the team.
Employees want to feel appreciated and recognized for their work. Acknowledgment can take many forms, but the most important part is that it is genuine and specific to the individual employee.
There are a few key things to keep in mind when recognizing your employees: make sure it’s personal, timely, and relevant. Thank them for their hard work, congratulate them on recent successes, or simply let them know you appreciate them. Employees who feel appreciated are more likely to be productive and stay with your company longer.