You might have missed it. But just in case, March 1st is officially the Employee Appreciation Day. Have you shown your team how much you value them lately? While money is important, it’s proven that recognition works better in motivating your people to put their best foot forward. Last time, I have shared with you Magnetic Outsourcing tips that will help you attract and retain top performers in your company. This time, I will share with you simple ways on how you can run a lean business with ways you can reward your people without having to spend a dime. Your employees are the lifeline of your business and making them feel good will always reflect back on your brand, where customer interaction is involved.
Putting More Value on Your Team
While your employees are crucial in making sure that you’re in the business of keeping customers loyal to your brand, engaging in scare tactics may backfire sooner than you think. I’ve seen teams fail because people were made to fear taking risks. Competition may be great for a short time, but it can create division in the long run. Where do you strike a balance? Simple. You can try:
There’s nothing bad with praise, only that when you give it indiscriminately – it looks cheap. Instead, keep it honest. Your team had a difficult day completing a hard task so give praise publicly. Send in a word of thanks, a note. Value each person’s contributions and point out how each one have contributed to the team’s success.
If thousands were enraged with the recent news of how Yahoo’s policy had put a lid on working flexible hours, you should know better. So long as your people don’t abuse this privilege, it can build trust and stronger work relationship in the long run. Flex time is always the easiest to give with most to gain.
3. Making Work Fun
Try to be creative in thinking of weekly events that can boost your team’s morale. Just because you’re working in a virtual setting doesn’t mean you can’t collaborate in real-time. There are plenty of online tools out there that can bridge this gap. If you’re sending out a monthly newsletter, try featuring your best workers for a change. Be creative!
4. Reward Ideas
Just because an idea didn’t work doesn’t mean that it should stop your team from producing new ones. Why not host an annual award for the best idea? Even if it’s not implemented, this can stimulate innovation and positive mindset among your team. Also, if you need to correct an action, please coach privately and fix the problem without judging the person.
5. Ask for Feedback
The best way to make your employees feel that their time and efforts are appreciated is to listen to what they have to say. Besides, it’s tough to be always in control so turn the tables this time and let everyone take a vote in the decision-making table. This way, you can open communication channels.
Then, there’s the usual perk – in cash or in kind. At the end of the day, it’s all about appreciating those who made a difference to your business and to your customers, of those who contributed to your success. It doesn’t hurt to take off a few minutes each day to send out a meaningful compliment, without the BS.
** and to my team, Many Thanks… for working with me, through thick and thin.