Praise and recognition cost nothing, but are the keys to productive relationships and good leading.
Research evidence from Kaisen Consulting* shows that a sense of achievement and recognition for good work are far more powerful motivating factors than money. It is not always possible to increase financial rewards for your team, but what is stopping you taking the time and effort to recognise their efforts?
Without praise and recognition people can feel taken for granted and undervalued. You can greatly increase the level of engagement of your people by providing them with regular and genuine feedback on their progress as well as providing opportunities for them to tell you what’s going on for them.
Invest a little time and effort and reap the returns.
Cheers
Greg