How Employee Appreciation Boosts Profits
National Business Capital & Services is a small business advocate. Not only do we provide beneficial business financing, but we offer tips, tricks, and strategies that many of our clients find useful. Such as today’s topic, employee appreciation.
When thinking about maximizing profits and growing a business, employee appreciation is often overlooked.
However, your employees are the representatives of your business whether it is face to face with clients, over the phone or computer, or even in a back office silently fulfilling orders. The employees productiveness and quality of work will directly impact your profits and the reputation of your business.
How to Encourage Employee Performance & Appreciation
One way to encourage stellar performance from your employees is to show your appreciation for jobs well done. Friday, March 7th is Employee Appreciation Day and the perfect time to let your employees know you are thankful for the work they do. Some simple ideas are:
- Provide lunch for your staff and take the time to eat and talk with them.
- Extend lunch or breaks by 15 minutes.
- Have a casual dress day.
- Depending on the number of employees, give each one a handwritten card highlighting the strengths they bring to the business.
- Sponsor an after work happy hour.
Showing appreciation does not need to be expensive nor does it need to take much time away from work duties. A smile or a compliment can go a long way and in the long run, your business will benefit from it.
Need Help Maximizing Profits?
If you have an idea on how you would like to show your appreciation, but cash flow is a bit tight, National may be able to provide the solution with one of our many business financing programs. Call us at (877) 482-3008 and speak with one of our business consultants to learn more!