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    Winter-2016  


An Appreciated Employee Is A Better Worker

In today’s tough economic world, companies often struggle to succeed, but some thrive and enjoy resounding profits, high employee productivity, low turnover and a work force that is willing to go the extra mile for their employer—regardless of current economic trends.In Make More Money by Making Your Employees Happy (Amazon $7.99), psychologist Noelle C. Nelson, Ph.D., puts it this way: “The secret to their success is simple: An appreciated employee is a happy employee. And happy employees translate into a company making more money.  The techniques used by these companies can apply to all sizes and types of business.”

Why Appreciation Is Important to the Bottom Line

  • Fortune’s “100 Best Companies to Work For” stock prices rose an average of 14% per year from 1998-2005, compared with 6% for the market overall.
  • U.S. Department of Labor data show that the No. 1 reason people quit their job is lack of appreciation. (Rath, T. & Clifton, D., How Full Is Your Bucket? Gallup Press, 2004, p.31.)
  • A recent survey of 10,000 employees from Fortune 1,000 companies reveals that lack of recognition was a major reason for leaving a job.

Simple Ways to Increase Appreciation in the Workplace

  • Catch employees in the act of doing something right instead of always looking for mistakes—they’ll be happy to see you coming instead of ducking for cover.
  • Share company information with employees so they don’t feel left out of the loop; leaving employees in the dark breeds paranoia, anxiety and an “us (workers) versus them (management)” mentality.
  • Make employees feel like heroes—the huge success of reality shows is just one indication of how starved we are for recognition. Making heroes out of workers shows them that they are valuable and that their good work is noted and appreciated.

“It doesn't take a lot of convincing to understand that managing your work force in an inclusive, positive manner will reap financial rewards,” Nelson says. “It’s often difficult, however, to know where to begin. This book gives you a launching pad to a new way of doing business that generates profits—and it doesn’t have to cost a penny.”

 

 


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