Karen Ohngren at Entrepreneur Magazine has a great article entitled, “Cheap ways to motivate your team.” She interviews several small business owners and professionals who have studied the most effective ways to motivate employees. The article argues that recognition of a job well done is usually a more powerful motivator than a bigger paycheck.

How can this work for you?

If you’ve got a graphics artist or retoucher who is worth more than you can afford to pay them, consider giving them signature credit on a photo album or on sample artwork shown at your studio or on your website. If you have a receptionist or bookkeeper who needs recognition, let them manage an important client. It will show that you (the boss) trust them and value the contribution they make to your business.

Tags: business, motivation

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