Small Biz Tip: People Management: Recognition & Rewards

Tips from August 7, 2009

The Small Business tips today discuss people management: recognition & rewards.

  1. Specify reward criteria. Define expectations. Explain your qualifications. Make the reward criteria clear to rule out favoritism.
  2. Say Thank You! Simple. Short. To the Point. It acknowledge small & major successes & validates the importance of others' work.
  3. Boost self esteem. Foster intrinsic rewards & make people proud, excited & enjoy their work by giving constructive criticism.
  4. For a long term impact, reward all employees who meet the criteria. The more rewards, the more satisfied & encouraged employees.

Daily Overview: Good recognition & rewards provide employees with a fair return for their efforts & motivate for the future.