Recognizing your team is extremely important for creating a productive and happy workplace environment as well as for retaining your most valuable team members. In fact, 69% of employees said they would work harder if they felt they were appreciated, and organizations who have recognition programs in place have 31% lower voluntary turnover (via Tinypulse). Recognition can happen in many ways, but here are six of those ways:
- Display top performers
Put monthly top performers in a highly visible location like on a board in the dealership. This will encourage high performance among other team members hungry to occupy the top spots.
- Have a travelling trophy
A travelling trophy or item is a great way to recognize members of your team in a small and meaningful way. In other words, “traveling trophy recognition programs are easy and low-cost awards that encourage and engage teams” (Baudville). The trophy can travel every week to a different person who does something valuable in the dealership, which doesn’t always have to do with sales.
- Celebrate the little wins
Celebrate, and celebrate often! As the Harvard Business Review suggests, “big wins are great—but they are relatively rare. The good news is that even small wins can boost inner work life tremendously.” Finding little ways to celebrate the smaller but still meaningful accomplishments can contribute to a healthier and happier workplace.
- Get creative
Are you always recognizing the same people for the same things? Try to recognize little things that people that make a big difference to the team and the workplace.
- Revamp your recognition program
Do you already have a recognition program in place that just isn’t cutting it or isn’t being utilized in the way it should be? Revamp the program and tailor it to the interests and aspirations of your team. Remember, a good recognition program must resonate with the members of your team!
- Live and breathe recognition
Make recognition an integral part of the workplace. Recognize people often and encourage others to recognize each other creating a stronger and better bond among team members. After all, peer to peer recognition is 35% more likely to have a financial impact than manager to employee recognition (Recruiterbox).
Recognition is key to creating an awesome team and encouraging professional growth within the workplace. To read more about how to create a high performing, collaborative sales team, check out this blog post!