Power of Appreciation: Why Thanking Your Staff Matters

Most employees feel motivated to perform their best when they are recognized and appreciated. Therefore, you should regularly thank your accounting and finance staff for their contributions and positive impact on the organization.

Include a range of rewards to accompany staff appreciation when relevant. According to the 2024 State of Recognition: Optics vs Impact by Achievers, staff who can choose their rewards are 61% more likely to feel a strong sense of belonging and 60% more likely to feel meaningfully recognized at work.

Consistently expressing appreciation shows that accounting and finance staff are valued and respected. These factors elevate employee, team, and company performance and strengthen the bottom line.

Learn more about the power of appreciation and why thanking your accounting and finance staff matters.

The Power of Appreciation

Regularly thanking your accounting and finance staff serves many important purposes:

• Strengthening employer-employee connections
• Encouraging constructive feedback to elevate performance
• Improving collaboration and team cohesion ?
• Increasing employee engagement, productivity, and job satisfaction
• Elevating employee morale, attraction, and retention
• Reinforcing positive behaviors that shape company culture

Tips for Thanking Your Staff

Implement these tips for thanking your accounting and finance staff:

• Consider whether a staff member would prefer to be thanked publicly or privately.
• Have casual conversations with staff about how their strengths benefit the team and company.
• Express sincere appreciation for a specific activity as soon as it is finished.
• Include the specific activity’s positive impact on the organization.
• Offer a range of staff rewards
• Set an example for others to follow.

Methods for Expressing Staff Appreciation

Choose among these methods for expressing accounting and finance staff appreciation:

• Say “thank you” for completing a specific activity, such as working late to complete a project by the deadline.
• Write a note expressing authentic appreciation for a staff member’s strengths and how they benefit the team.
• Send an email thanking a staff member for their contributions to a team project.
• Take your team out for lunch or other casual events to celebrate their successes.
• Provide additional paid time off (PTO).
• Offer professional development opportunities such as stretch assignments, cross-training, and upskilling.

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