DIY accounting software can have a major pitfall – here’s how to avoid it
The DIY Kiwi mindset and ease of use that comes with accounting software has led to many business owners...
Too often it’s the loudest voice, the trickiest staff member or the latest crisis that takes all our time, attention, and energy. If morale ever really needed a boost, it is now! It is therefore timely to reflect on how we celebrate the wins and the good performance in our organisations.
Unfortunately, it seems a natural and accepted Kiwi trait to not sing praises. We are stingy or subtle with our “thank-yous” and praise and are risking becoming a “thankless” work culture. A recent HR Trends 2023 survey suggests that more than a quarter of employee believe that they aren’t rewarded or recognised for good work.
This statistic is surprising in such a tight talent market where finding skilled people is such a challenge. Employers should be pulling out all stops to keep team members motivated and engaged. Moreover, in a world where New Zealand now sits at the bottom of the OECD in terms of productivity, keeping high-performing teams and employees motivated and recognised needs to become a priority.
According to Gallup, both meaningful public and private recognition are bigger motivational perks than being given a promotion, bonus or raise. Evidence also suggests that employees feel encouraged to do better work if they receive personal recognition and people who feel recognised are more than twice as likely to bring forward new ideas and innovations. It also has a strong correlation with retention.
There is now strong scientific evidence behind the benefits of gratitude – it increases happiness, reduces depression, increases resilience and it has proven health benefits such as lower blood pressure and better sleep. Gratitude rewires our brains and it kickstarts the production of dopamine and serotonin, our feel-good hormones – effectively it’s an antidepressant.
Great leaders take the time to notice and reward great work, but we need to celebrate more than just a job well done or a project completed. Celebrate what you value – look to a situation well handled, organisational values demonstrated, a significant first, courageousness demonstrated, truly exceptional work, consistently good work done, when someone made a difference to someone else, a major mistake or failure where it revealed a key learning (see TED Talk “The unexpected benefit of Celebrating Failure”).
Don’t wait for an annual review – have regular one-on-ones with team members, says Andrea Stevenson.
All of this points to being more considered in your approach. It’s more than just having a programme, but sometimes having one in place will mean you are active and conscious about your initiatives. A final word to the wise – don’t overdo it. Good recognition should be natural and authentic.
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