Keeping your employees motivated and feeling good about themselves and the work they do is important to the success of your small business. As a matter of fact, research has shown that it can be critical to your businesses success. I’m sure many of you have heard the term, “One rotten apple can spoil the basket.” Well, the same can apply to your employees.
Negativity can be infectious. One employee with low moral can quickly infect the rest along with your entire office environment and soon spread like wildfire. But the good news is that positive energy can become twice as infectious and spread three times faster. So just how much of an impact can properly issuing employee praise have on your small business? Take a look:
“A 2010 study published in Harvard Business Review found that at Best Buy, a 0.1 percent increase in employee engagement drove $100,000 in operating income to the bottom line of each store per year. The No. 1 driver of engagement is opportunity and well-being. The No. 1 driver of opportunity and well-being is recognition and appreciation. . .Praising people for what they do right seems to be more effective.”
Praise and recognition offers the receiver the opportunity to dream a little dream. In essence, they get to anticipate the positive consequences of what this may bring to them in the future. They start to think, “Maybe I’m on my way to a promotion?” Or, “Maybe I’ll get a raise?” Or “Maybe the big boss will finally recognize me.” Once this positive, forward thinking energy starts to emit itself into the immediate surroundings, things can begin to speed up quickly.
We’d like to hear your tips and suggestions for how to properly give employee praise. What has worked for you, your employees and your small business?
Check out this article over at Business On Main, “The Power of Praise and How to Do it Right. Then come back here and leave us your employee praise tip or suggestion. (But make sure that yours isn’t one already listed in the Business on Main article.)
Leave us your tip (and your Twitter username) by the end of day on March 8, 2012, in the comments section below and our team of moderators will pick the best one.
The winner will receive a $100 gift certificate to Amazon!
The owner of this site has an advertising relationship with Business on Main.