Appreciating your team and/or your employees is important. How important?
Do you know what consistently ranks as the highest determining factor to an employee’s loyalty to a company? It’s not money—that’s #2. Yes, paying people well for a job well done is a factor. However, being appreciated or recognized for a job well done is #1.
It makes sense. Money is great and all, but if you constantly feel like no one notices what you do the big salary isn’t going to mean much when all is said and done. Do you go the extra mile on a regular basis and seethe at the ignorance of your boss? Worse yet, has someone far less qualified been selected for a promotion over you? These kinds of things are far more likely to drive a person to find another job than money. People are more willing to work for mediocre wages when they truly feel they’re part of a team and that they are building something together.
This doesn’t mean a manager has to throw a party every time an employee has a great day. A simple “great job today” goes a long way, though. If you see that someone is coming in early or staying late to finish a project and is really showing their dedication to making it the best it can be, tell them you appreciate their considerable efforts.
Not a manager? It makes no difference! Most people work on a team one way or another, and you can inspire and motivate your teammates in much the same way. Acknowledging your teammates’ strengths and triumphs will make them more likely to repeat them, and can give everyone involved the gusto to really pull a tough month to a proud conclusion.