Keeping employees motivated has become increasingly complicated in today’s business world. As Scott Crockett, CEO of Everest Business Funding, explains, it’s no longer good enough to provide a paycheck.
Traditional perks aren’t as effective today as they once were, making it more challenging to keep employees motivated. However, one way you can definitely do this is to celebrate small wins to boost employee productivity and morale.
Here are some ways to celebrate small achievements, according to Scott Crockett.
Host Social Hours
Socializing in relaxed ways is a great way to celebrate small achievements. Have a coffee hour or a traditional happy hour to celebrate the achievement when your team has completed a big project or accomplished an important goal.
This can be done in person and virtual nowadays, and it’s a great way to socialize about topics that have nothing to do with work. Employees love this type of communication, as it shows they are valued for their work.
Share Wins with the Whole Company
Managers should be encouraged to share their team wins with the entire organization. This can be done in a number of ways.
You can arrange a weekly email newsletter sent to the entire company and highlight some of the team-specific wins. You can post achievements, big and small announcements around the office, or in notes sent at the beginning of virtual meetings.
This type of celebration not only makes the employee feel extra special, since the whole company knows, but it helps make the relationship between employee and manager even stronger.
Looking for a great way to reward your team for small wins? Try sending everyone an unexpected food delivery.
If your team is small enough — and you’ve gotten to know everyone well — you can even personalize this by sending each employee a meal from their favorite local eatery.
Think of this as the old-fashioned catered pizza luncheon. Only now, you’re taking it to the next level by bringing in some truly great — and personalized — food.
Make a Charitable Donation
A unique way to celebrate employees’ small wins is to make charitable donations in their name. There are many charities that need help right now, so this is a great way to give back to the community while you’re celebrating your team’s wins.
The most effective and impactful way to do this would be to discover what each employee is passionate about. Then, make the donation to a charity that supports that specific cause.
If your company is back in an office environment, a great way to celebrate small wins is to leave handwritten notes on employees’ desks. This is old-fashioned, and people tend to appreciate not only the personalization but the time you took to go out of your way.
Scott Crockett says if your team works virtually, you can send personalized emails that are more laid back than normal communications. Or, send personal thank you notes via your company’s communication platform.
About Scott Crockett
Scott Crockett is the founder and CEO of Everest Business Funding. He is a seasoned professional with 20 years of experience in the finance industry. Mr. Crockett’s track record includes raising more than $250 million in capital and creating thousands of jobs. Scott has founded, built, and managed several finance companies in the consumer and commercial finance sectors.