How To Lead In Turbulent Times
3. Reward your people for results, not how hard they work. Top performers deserve to be recognized. Effort is important, but you can’t take good intentions to the bank. Rewarding performance is fair to both team members and to the company.
4. Don’t cut back on rewards and recognition during leaner times. Now more than ever, you need your core team to feel appreciated and important. Don’t “adjust” your compensation program to take a few more bucks to the bottom line. You don’t have to spend a lot to let your staff know you appreciate their efforts. Write personal notes or give out movie tickets or gift cards to thank your team members.
5. Be honest and tell your team what’s needed to win. Be a good coach and post results regularly so that your players know where the goal line is.