Some managers claim the best way to motivate staff is through the wallet: increase pay, expand allowances or give more cash incentives. While money is certainly useful, it is not the only key to human motivation. In the current economic climate, learning how to harness the power of praise also enables you to reward and retain staff without putting a big dent in your budget. Sincere recognition can mean a lot more to your staff than just another dollar in the bank. A genuine pat on the back, given at the right time, in the right way, for the right reasons - and in front of the right people - will boost staff morale and commitment in ways that money never will. Make a difference with these four steps to building the long-term morale of your team. Before rewarding people for a job well done, assure your staff they won't be crucified if things end up poorly. In an environment of challenge and growth, people must try things they've never done before.
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