<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=290086984736480&amp;ev=PageView&amp;noscript=1">
word-map-thumb

The Alternative Board Blog

5 Ways to Show Your Employees They Matter

Mar. 25, 2016 | Posted by The Alternative Board Worldwide
bigstock-Office-Jubilee-Surprise-For-Em-107554361

March 4th was employee appreciation day, but we’re taking the whole month to celebrate. Your employees are your business’ front line, and they deserve enormous recognition for the hard work they put in day in and day out. While you can’t give them a raise every single day (even if you’d like to), there are ways to show them you care.

Because employee recognition not only improves company culture, boosts morale, prevents costly turnover, and yes, increases your bottom line, we’ve put together this list of 5 ways to show employees they matter.

    1. Provide Written Recognition

      bigstock-Business-Leader-Assembling-Phr-100695155

      TAB Denver West CEO Blair Koch believes small gestures go a long way when it comes to employee appreciation. “While company leaders may gain intrinsic rewards simply for doing what they do each day, employees naturally don’t have that same level of investment.”To keep employees motivated, she recommends providing a written representation of their extra efforts. “Copying an employee on an email recognizing their great idea to a superior or giving them a handwritten note thanking them for their performance are gestures that can go a long way. Oftentimes, these simple acts of recognition can be every bit as powerful as a raise or promotion.”

    2. Encourage Pet Projects

      show your employees they matter

      Giving your employee's side projects “lets them know how important they are,” says TAB Member Don Harrington of Sage Consulting. Not only do side projects have the potential to propel your business forward, but they also show employees you trust them. “Nothing motivates people more than knowing that their boss trusts them and will back their judgement” adds TAB York Owner Ed Reid.

    3. Show Interest in Their Life Outside of Work
      show your employees they matter

      Asking an employee about their ski trip is a great start, but actually investing in their life outside of work makes a bigger statement.TAB Member Jim Consedine, President of Benefit Plan Strategies offers each of his employees a $500 annual budget for the personal development activity of their choosing. The employees are encouraged to think outside of the business sphere and work on something they've always wanted, but never had the time or opportunity to do. Employees have tried music and language classes, as well as educational retreats. Since implementing the program, Jim has seen increased engagement between employees (sharing their experiences) and loyalty to the team and company. According to Jim, “Well-rounded employees offer a distinct competitive advantage."

    4. Host Lunch

      bigstock-Young-People-Eating-Lunch-In-O-88382513

      “No perks are going to make up for bad management,” says TAB UK's Jo Clarkson. “But there are a lot of other things you can do to help keep employees happy.”Jo’s executive team hosts a monthly “lunch club.” Employees receive free lunch and are welcome to bring up any topic that doesn't warrant a formal meeting but will benefit from other’s input. “For the price of a few lunches, we get an extra 20 hours of input a week and a much higher level of employee engagement.”

    5. Provide Regular Feedback 

      bigstock-Feedback-Concept-On-A-Clipboar-100366973"It's essential to provide feedback – both positive and constructive – to show employees that you value their contributions, and there’s always room to grow.” says Reid.To make evaluations less tedious, TAB Member Dale Malcom of Gardyne Holt suggests managers organize a book with one page dedicated to each staff member.“Create three columns on each page, one for the month, one to document what the employee can do for the company, and one to document what the company can do for the employee. The monthly column focuses on employee goals and achievements, the second column on longer term impacts the employee can have on the organization, and the final column centers around what the employee needs from the company to be successful.” Malcom recommends meeting monthly to discuss items in one or two of the lists. “Taking this approach, evaluations are quick with no surprises. A legal record is created, ideas are discussed, problems are identified, corrections or actions are taken, and, unsurprisingly, improvement is the outcome.”

Above perks, promotions, and even raises, employees most want their contributions to be valued. Providing regular acknowledgement of their efforts keeps employees around longer, saving your company’s time, money, and reputation.

Keeping employees engaged is one of the most important and challenging aspects of entrepreneurship. Peer advisory can help you find new ways to motivate your team, based on the insights and experiences of other business owners who have been there and done that. Contact a local board to reshape your leadership strategy, one employee at a time.

Read our 19 Reasons You Need a Business Owner Advisory Board

DOWNLOAD

Written by The Alternative Board Worldwide

Related posts

How to Manage Your Mobile Workforce

Jul. 16, 2018 | Posted by The Alternative Board Worldwide
The American workforce is changing the nature of “work” as we once knew it. The days when employees absolutely had to work at a desk, in an office, are long gone. While many businesses still insist...

CEOs Save Time by Learning to Say “No”

Jul. 2, 2018 | Posted by The Alternative Board Worldwide
  Learn to Say No!    How many times in a day do people approach you or your gatekeeper with a request, suggestion or some other time-consuming appeal? Like many other business leaders, your first...

Save Time with Fewer (and More Productive) Meetings

Jul. 2, 2018 | Posted by The Alternative Board Worldwide
For most companies, there’s no way around having meetings as a way to conduct day-to-day business. At the same time, it’s hard to find any CEO or business owner who doesn’t experience frustration at...

Differentiating Between “Urgent” and “Important” Saves You Time

Jun. 29, 2018 | Posted by The Alternative Board Worldwide
Urgent? Or important? Take a moment to look back on what you did today in your role as business owner or CEO. How much time was spent reacting to an urgent issue or crisis someone brought to you,...

A Quick Guide to More Efficient CEO Time Management

Jun. 27, 2018 | Posted by The Alternative Board Worldwide
Most CEOs and business leaders understand on a gut level that there aren’t enough hours in the day to get everything done. They also know that time, (and the management of their time!), probably the...

The Right Feedback Can Boost Employee Retention

May. 29, 2018 | Posted by The Alternative Board Worldwide
Among the many skills a CEO or business owner should possess is the ability to provide constructive, meaningful feedback. Employees at every level of an organization want to do the best job possible,...

6 Tips on Turning Great Employees into Outstanding Leaders

May. 29, 2018 | Posted by The Alternative Board Worldwide
The current job market is so tight and competitive, why make it any more difficult to recruit and retain the right people for your company? Too many businesses focus on getting bodies into open...

Is “Emotional Marketing” the Best Way to Connect with Customers?

Apr. 24, 2018 | Posted by The Alternative Board Worldwide
According to the Small Business Association, “All humans feel four basic emotions: happy, sad, afraid/surprised, and angry/disgusted.” Of course, no business wants to spur feelings of disgust or...

5 Tips for Monitoring Your Competitor’s Marketing Strategy

Apr. 23, 2018 | Posted by The Alternative Board Worldwide
 No matter how unique their product or service, every business has a competitor (or more than one). This is probably a good thing because it means no CEO or business owner can become complacent or...

How to Motivate and Recognize Your Sales Team

Apr. 10, 2018 | Posted by The Alternative Board Worldwide
  Assembling a high-performing sales team is challenging enough, but that’s just the start of any focused sales effort. With quality salespeople in place, the next task is determining how best to ...