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Pass out more "psychological paychecks."
An excerpt from Business As UnUsual
Sometimes you’re not in a position to give employees more in terms of tangible rewards. Increases in pay or benefits, for example, may not be possible.
But there is no limit to the intangible rewards you can provide for subordinates. These “psychological paychecks” require little effort on your part and cost the company nothing. They represent an excellent way for you to compensate your people for the extra effort required of them during times of transition and change.
Don’t underestimate the value employees place on simple things such as a word of encouragement or compliment from you. Give them a listening ear, and show empathy. Ask their opinions about things. Call them by their name, ask about their family, say “thanks” when they demonstrate the right attitude and effort. Write a short memo to the employee expressing appreciation for quality work, timeliness, initiative, etc. When you hold meetings, single out individuals in public and give them a word of praise or commendation for good job performance.
This kind of recognition has many far-reaching benefits, particularly during periods of organizational change. There’s a real payoff for you, the employee, and the company.© 2012 PRITCHETT, LP