Rewarding and Recognizing Your Team: Be a Great Manager
We have recently discussed why your employees might leave your employ and then making sure your leaders are setting clear expectations and creating boundaries for your employees to ensure they are meeting expectations. What do you do when your employees reach their goals? Simple, but not always easy: You reward and recognize them! Rewarding and recognizing your employees is significant to company culture, employee trust and to get what you want while being a great leader. Harvard Business Review shows “40% of employed Americans say they’d put more energy into their work if they were recognized more often.” Imagine the kind of results your teams could drive if nearly half your staff put more energy into their work! Know Your Team: Ask Them What They Want You might be surprised by what your staff says they want—so why not give them exactly what they want? This doesn’t necessarily mean an increase in base pay. Often it can be as simple as a paid day off or a gift card to their favorite place. In the past, I’ve spoken with team members who’ve said, “I don’t want anything. I really just want an email from the senior leadership (or my direct manager) thanking me.” I've talked to others who have said, “I love the recognition and a paid day off!" Neither of these cost your company much money but if you listen, you can give your team exactly what they want. The key is recognizing your staff in a way that is meaningful to them. Remember: properly rewarding and recognizing your employees is a key component of being a great leader and, yes, it is possible for you to be a great leader. Are you ready to implement a rewards and recognition system in your office? Do you need help creating a way for your leaders to better recognize their teams? Do you want to explore other options to create stronger leaders? GCE Strategic Consulting can help. Reach out to us at email@example.com and let’s have a conversation and help you be the great leader you always knew you could be.