Re: What Is The Best Way To Appreciate Employee Hard Work. - CiteHR
Skhadir
Strategic Business Management Includes Revenue
Arunchitlangia
Trainer - Soft Skills

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Appreciating may be expensive - not appreciating is disaster !!!

Which one would you prefer?

If an employee is doing well and you do not acknowledge, the frustration will built up and ultimately she will leave. Competition and Head Hunters are keeping an owl's eye on them already. So If you don't, they will. Every week I get number of requests from my clients to suggest a good candidate. When you want just employees, thousands are available. But when you want good employees-very few are there.

When you appreciate them, tell them the reason why you are doing so. Just plain "Well Done" is not enough. Praising doesn't No short cuts heremean that you should not bring forward their weak points. Give them negative feedback too.

By any chance, If you feel that by appreciating the employee, I need not pay them more - think again! Appreciation is an motivator. However, it can not replace money in absolute terms. You will have to pay more f the person is truly deserving. No short cuts here.

So please appreciate and also please pay. Only one of them - not enough!
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Be straight forward with your employees and do show empathy aswell. Make them understand the facts rather just trying to convince them.
As per the human psychology of behaviour, we humans are having high expectations and never can satisfy ourselves. Even the cost of living is increasing day-by-day. We need to make them realize the facts - 1) where they stand and 2) what is the status of the organisation when its comes to PERFORMANCE BASED COMPENSATION.
with profound regards
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