John A. Byrne, editor-in-chief of Fast Company Magazine said, “If businesses are to grow their way out of the current economic malaise, they will have to get more productivity out of their people – - not by cutting and slashing, but by nurturing, engaging and recognizing.”
In yearly employee surveys by a management consulting firm, on the subject of what motivates employees, in the ranking order of ten possible things that would most motivate them, appreciation was always in the top quadrant, followed by feeling “in” on things, understanding attitude, job security, good wages, interesting work, promotion opportunities, management loyalty, good working conditions and tactful discipline.
According to Adrian Gostic and Chester Elton, authors of “The Carrot Principle”, and “A Carrolt a Day”, “Recognition is the lifeblood of innovation, retention and productivity. It’s what keeps employees motivated in the tough times. (And it’s why they’ll still be devoted when things improve.)”
