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Motivate by Recognizing and Thanking

It seems so simple – pay attention and say “Thank You”. And yet that simple “thank you” along with the act of paying sufficient attention in the first place to actually recognize someone doing a good job motivates staff. (And beyond the work place, it really motivates many of us in the private spheres of our life too!)

“Thank you” – doesn’t cost much. But by showing respect and appreciation for work well done it result in meaningful dividends for all businesses, including money services businesses.

So, do you want to motivate your staff? Then pay attention and recognize solid performance with a heart felt “thank you.”

Thirty-five percent of employees and 30 percent of chief financial officers polled by Menlo Park, California based Accountemps cited frequent recognition of accomplishments as the most effective non-monetary staff reward. Regular communication with the staff (20% of employees) and giving employees increased responsibility (17% of employees) ranked second and third, respectively.

“No amount of team-building events or other perks can compensate for a manager personally thanking employees for a job well done,” said Max Messmer, chairman of Accountemps and author of Motivating Employees For Dummies® (John Wiley & Sons, Inc.). “Individuals want to know their work is appreciated and makes a difference.”

Your words can also serve to demotivate and demoralize your staff. So remember, for maximum benefit, give praise in public when it is earned and rebuke in private.

And, for good measure, toss in a heaping of “thank you’s”.

The release providing further information on the survey may be found at this link.

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