Recognition enhances talent retention on your team

Added on 03 November 2023

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Recognition enhances talent retention on your team

In today’s business environment, recognition is essential for retaining your top talent. It’s also one of the most effective things you can do to spur your team’s productivity.

Recognition is some form of celebrating an employee’s contributions on behalf of your family business. Family businesses can recognize their team members for many different things – birthdays and work anniversaries, achieving and/or exceeding goals, coming up with new ideas, going above and beyond expectations for their roles, doing the critical behind-the-scenes work to support the team, taking initiative, and so much more.

In a recent blog post on Ferguson-Alliance.com, business adviser Brandi Mark notes that the important thing about recognition is to make it personal and meaningful. Recognition is a genuine and specific acknowledgement of “I see you. When you did this, I was really impressed.”