After meeting its annual goal in December 2015, Hilcorp Energy gave a six-figure gift totaling over $100 million to approximately 1,400 employees. Whereas your company may not be able to top this event, there are inexpensive (but effective) ways to recognize your employees’ achievements. To be most effective, employee recognition must be timely, frequent, specific,…

An underperforming employee demoralizes colleagues and decreases your company’s productivity. Because this person was originally hired based on their skills, experience, and attitude, it’s important you learn to reengage the worker to help both them and your bottom line. Give Feedback Ensure the employee knows their responsibilities within the organization, why they’re important, and when…