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.
What will the election mean to you?
Sign up to our free newsletter, including this weekend’s coverage of the election.
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!