Here's how you can acknowledge and incentivize outstanding performance as a senior stakeholder.

Public recognition is important - and there is some validity to the idea of healthy competition spurring growth in others. But this is also a double edged sword that can breed jealousy and infighting. I try to frame public recognition in the context of how individual contributions advance team goals, and how exemplary behavior is only truly exemplary when it is in the service of others and the enterprise, rather than self. One useful form of public recognition is according greater responsibility. The individual usually welcomes the growth opportunity, and this signals to others that emulating constructive behavior can also lead to them being entrusted with more.

Recognition fuels motivation and validates the efforts towards achieving desirable outcomes. Praising or recognizing the performance in public forum like Employee meets, internal communications has multiple advantages: - It boosts the morale of the individual, inspiring to achieve higher outcomes and - It has a ripple effect in motivating and encouraging the team members towards achieving impactful outcomes. - It creates an environment or send signals that high performance/ dedication is rewarded and doesn't get unnoticed. - It also fosters a culture of creativity and excellence.

Beyond the Bonus: Rethinking Recognition in the Workplace As senior stakeholders, recognition can shape the future of work. Recognition is Currency: Just as currency holds value, so does recognition. Empowerment over Entitlement: Rewards should empower, not create a sense of entitlement. Offer tools for growth, not just trophies for display. Recognizing one inspires many—the "ripple effect." Customization is Key: One size doesn’t fit all. Personalize rewards to match the unique motivations of each team member. Feedback Fuels Performance: Constructive feedback can be a reward. It shows investment in an employee’s future. Let’s innovate in appreciation, and in doing so, inspire a new era of workplace motivation.

In my role as a senior leader, I've found that public praise is a powerful tool to acknowledge and incentivize outstanding performance. A simple recognition in front of peers can boost morale, inspire others, and foster a culture of excellence. It's more than a pat on the back - it's a signal that we value hard work and dedication. So let's make a habit of publicly praising the stars in our teams, because everyone deserves their moment in the spotlight.

In my journey as a senior leader, I've realized the impact of a personal 'thank you'. It's a simple gesture, but its power to acknowledge and incentivize outstanding performance is immense. It conveys appreciation, fosters a sense of belonging, and encourages continued excellence. So let's take a moment to personally thank our teams for their hard work and dedication. A personal touch can make all the difference in creating an empowered and motivated workforce. I will send handwritten thank you cards to others that I meet or engage with as a way to send a "personal thanks".

In my role as a senior leader, I've come to appreciate the power of promoting career growth as a way to acknowledge and incentivize outstanding performance. By offering opportunities for advancement and fostering a culture of learning, we not only recognize individual achievements but also empower our teams to reach their full potential. So let's continue to invest in our people's growth, because when they succeed, we all succeed. And that's a win worth celebrating.

In my position as a senior leader, I've discovered that entrusting team members with special projects can be a fantastic way to acknowledge and incentivize their outstanding performance. Such opportunities not only recognize their capabilities but also provide room for further growth. So let's continue to identify and delegate special projects to our high performers. This not only fuels their professional development but also contributes significantly to our collective success.

As a senior leader, acknowledging and incentivizing outstanding performance involves a strategic blend of public recognition, personalized growth opportunities, and transparent reward systems. Publicly celebrating achievements through company-wide announcements or award ceremonies validates individual efforts and sets a benchmark for others, fostering a culture of excellence. Personalized incentives, such as professional development opportunities, mentoring programs, or tailored assignments, align rewards with employees' career aspirations, driving motivation. Implementing a transparent performance management system ensures consistent recognition and fair rewards, including structured bonus schemes or financial incentives.