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Louise Erdmann felt like Gwyneth Paltrow at the Oscar ceremony. She had only been with her current company for a few months but here she stood, at the Christmas Party, receiving a reward for being the “Best Newcomer of the Year” and fighting back the tears. The awards were partly serious and mostly light-hearted but, for some reason, it meant a lot more than getting a 2+ in your appraisal.
Research has uncovered the fascinating fact that recognition is the number one motivator. More than money and extra overtime, it produces effects in your workforce well beyond the cost of your actions. However recognition is not always as simple as saying “Good job!”
The phrase “Different strokes for different folks” was never more accurate. The world is made up of so many complex personalities that one piece of recognition cannot possibly fit all circumstances. Fortunately, those who know their co-workers well will instinctively understand what gives them that extra rush of blood to the head.
Individual performance
By far the biggest motivation any individual can get is to see their name in lights. People are very attached to...