Good bosses say "thank you" to their workers often and with real sincerity, writes Art Petty. Expressing gratitude for a job well done is a quick way to motivate your team and show them that you're aware of their hard work, Petty explains. "Saying 'thank you' is one of the simplest forms of showing respect and one of the most powerful forms of letting your team members know that you are watching and that you genuinely care," he writes.
U.S. consumer confidence rose in August from July, according to the Conference Board's Consumer Confidence Index. The index rose to 53.5 in August, surpassing economists' predictions of 50.5 for the month. "Employment concerns continue to heavily weigh on consumers' attitudes," said Lynn Franco, director of The Conference Board Consumer Research Center.
Experts say the economy won't really improve until employers -- with about $1 trillion in cash reserves -- begin spending that money and start hiring more workers. "They're in such good shape, we think the country will avoid a double-dip recession," says Mark Zandi, chief economist for Moody's Economy.com. "But it doesn't guarantee that companies will step up to the plate."
Having a "thank you" culture in an organization means giving employees recognition that makes them feel valued and helps boost morale as well as performance. The most effective rewards are timely, tangible and targeted.