A small thanks goes a long way

Smaller firms can use spot recognition as a low-cost way to keep top talent
By David Sturt and Chris Vyse
|Canadian HR Reporter|Last Updated: 04/09/2007

Employee recognition programs deliver results. That much is clear. For companies with less than 500 employees, or even fewer than 50, how to design and implement employee recognition programs that are effective, drive results, don’t break the bank or become a full-time job isn’t an easy question to answer.

But it’s a question that must be tackled. Too many employees never receive positive recognition from their employers, and they will leave their jobs because of it. That means that praise and recognition are vital to a company’s long-term success.

If managers don’t know how to use recognition to engage employees, they will lose their top talent. This is inhibiting for any company, but it can be especially devastating for a small- or medium-sized operation.