You’re the boss.
How do you show appreciation to the team in ways that matter?
OK, so you might say that this is impossible to answer because every individual is driven by different things. That’s a fair call, but the research does suggest there are things that are universally winners.
I’ve provided links to the research documents but unless you think I’m telling you porkies, I’d just absorb the general message and leave the science to the propellor heads who do this stuff for a living.
1. Personal Recognition & Public Appreciation
Studies indicate that personal and public recognition significantly boost employee morale and satisfaction. Employees who feel appreciated are more committed and engaged. SME owners can give personalised thank-you notes, shoutouts in company meetings, or small awards for achievements (Kruger & Rootman, 2010). Public acknowledgment, whether in front of the team or on social media, reinforces their value to the company (Gorgievski & Ascalon, 2011).
Bottom line – people like to feel special
2. Employee Growth & Development Opportunities
Investing in employees' professional development fosters loyalty and motivation. Research highlights that when SMEs provide training, mentorship, or opportunities to take on new responsibilities, employees feel more valued and engaged (Chung & D'Annunzio-Green, 2018). Even in small businesses with limited budgets, allowing employees to attend industry events or take online courses demonstrates a commitment to their success.
Bottom line – people like to believe you care about their future
3. Fair Treatment & Inclusive Work Culture
A positive work environment, where all employees feel equally valued, significantly impacts retention and motivation. SME owners should foster an inclusive culture by ensuring transparency, listening to employee feedback, and treating everyone fairly regardless of position (Mazzei, Flynn & Haynie, 2016). Creating a sense of ownership by involving employees in decision-making enhances their connection to the business.
Bottom line – people love it when they feel they have a “say”
4. Meaningful Perks & Work-Life Balance
Flexible work arrangements, wellness initiatives, or small but thoughtful perks go a long way in making employees feel appreciated. Research suggests that SME employees who receive meaningful incentives—such as extra time off, a small bonus, or occasional team outings—tend to have higher job satisfaction (Visuri, 2014). Providing a good work-life balance demonstrates care for employees beyond their work contributions.
Bottom line – people love it when they get that you care about their own lives.
Incorporating these appreciation strategies can strengthen employee loyalty, improve job satisfaction, and ultimately contribute to business success.