Anticipating that they will be recognized
for achieving a
stretch goal
is strong motivation for your associates.
By recognizing outstanding performance of your associates you
inspire
them and bring out their hidden talents. Providing positive recognition
of an achievement serves to raise individual self-esteem and encourage
them to
stretch themselves and
achieve
greater results in the future.
A
paycheck and a
stock option will buy one kind of loyalty. But
all of us like to be told how much somebody
appreciates
what we do for them.
Well-chosen, sincere words of praise are priceless.
"Translated in
Chinese,
Business e-Coach helped
China to transform itself to an entrepreneurial rapid-growth
economy."
~ Ye Shangjie,
STTE
There is ample research to show people are
more motivated by recognition than money.
Today's young people won’t put
up with coercion and fear
tactics to keep
a job. They seek out work
places that are positive,
productive, enjoyable, make
employees feel
valued, treat employees as
individuals, and facilitate
personal growth.
"The worst mistake a boss can
make is not to say 'well done'." ~
John Ashcroft
Creative and ambitious people
love places where they can
learn new skills and
showcase their talents.
Employers of Choice
Businesses must have a
systematic process for thanking staff, recognize their accomplishments,
rewards champions, and celebrate both small and big victories.
