Editor's note: This is a sponsored article. All text and images were provided by the sponsor company.
What’s the best way to reward those employees who go the extra mile, particularly when it’s not always feasible to give large financial bonuses?
According to author and “recognition expert” Dr. Bob Nelson, the most effective employee rewards are also the least expensive.
In the vast majority of cases, he thinks a simple and heartfelt verbal or written thank you will make people feel appreciated. The reward can have extra impact when it’s accompanied by inexpensive perks such as gift cards, discount restaurant coupons, gas cards or a paid afternoon away from the office.
Personalizing the rewards by finding out what motivates your employees can make a huge difference.
Here are Nelson’s five secrets of recognizing and rewarding employees:
1. Be quick. Recognition is most effective when it is closely linked to the behavior being rewarded.
2. Be specific. It’s important to point out the specific behavior being rewarded, and to explain why you appreciate it.
3. Be personal. To build trust with your people, it’s best to convey praise in person and publicly, in front of the employee’s peers, whenever possible.
4. Be sincere. Don’t fake it when recognizing employees. Be sure your thanks are sincere and from the heart.
5. Be positive. Focus on the positives, and save negative feedback for another occasion. Don’t thank someone and immediately follow it with a “but,” as the employee will discount everything before the “but.”
Editor's Note: This is sponsored content
More from Author
Steven Burns | Jun 15, 2018
4 project management mistakes to avoid at all costs
Helpful tips for managing projects more effectively
Steven Burns | May 8, 2018
5 tips to improve employee utilization (and morale)
Ways to increase productivity and revenue, while providing a supportive workplace environment
Steven Burns | Apr 3, 2018
4 reasons to take a closer look at your project metrics
We've all heard that data is important, but what role does it really play in your business?
Steven Burns | Mar 28, 2018
6 strategies to keep your project on budget
Here are six strategies to keep your projects on or even under budget.
Steven Burns | Feb 1, 2018
If you want to improve profits, look to the numbers
Simple changes to your daily habits can help increase efficiency and profits.
Steven Burns | Jan 3, 2018
4 networking strategies to grow your business
Follow these networking strategies to grow your architectural business with the work that you want.
Steven Burns | Dec 28, 2017
Why every AEC firm needs project accounting
While standard financial accounting is essential for the health of your business, project accounting helps drive the success of individual projects.
Steven Burns | Dec 12, 2017
3 tips to address the top causes of budget overruns
The most cited issues are communication breakdowns, inadequate fees for the work provided, and unrealistic deadlines or schedules.
Steven Burns | Nov 30, 2017
4 invoicing tips that'll actually make your clients smile
There are techniques you can use with your invoices that both highlight your firm’s value and make the process more convenient for clients.