StartupSmart mentor Martin Nally from hranywhere is a big advocate for the importance of recognition as a tool for retaining key staff.
How much recognition? Nally sites research that says employees want recognition every seven days.
That might sound like a lot, but remember that recognition comes in a variety of ways.
It might include:
- Formal programs such as the old “employee of the month” programs.
- Annual staff awards.
- Celebrations of major milestones.
- Weekly team meetings to praise staff.
- One-on-one mentoring.
- A quick email to thank staff for work on a particular project.
They keys are to make recognition regular and make it sincere.
As the war for talent heats up, a few words at the right time could be crucial for retaining staff.
Get it done – today!