At Fidelitas we’ve started a new trend internally – “fistbumping” our team publicly every time someone does something awesome. Everyone needs a fist bump once in awhile. It’s just one more way we can make them feel appreciated. Studies have found that corporate climate and culture have a huge impact on turnover, which is one of the most expensive costs a business can encounter.
So why not lower costs and raise morale with public praise? Whether you call it a fist bump, a shout out, or something completely unique to your culture, the key is that you actually make a habit of doing it. No one will complain if you flood their inboxes with legitimate public praise for fellow team members. Besides making someone’s day, you might just make their stay with your organization a little longer than it would have been otherwise.