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Home Running A Business Small Business Hiring Employee Recognition: The Beauty of a "Shout Out" —Entrepreneur Addiction #46
Click Play Below to Listen to Brock Blake’s Interview
Most people I know are proud of what they do and really want to do a good job. I’ve met very few people who have made “I want to be incredibly mediocre!” their battle cry.
Lendio CEO, Brock Blake, takes employee recognition seriously. In fact, he’s fostered an environment where the entire organization is keen to recognize their colleagues. They call it a “Shout Out.”
Each month at a company meeting Brock and the executive team share employee-initiated recognition with the company. “Company culture is very important to performance,” says Brock, “‘Shout Outs’ and recognizing performance are a part of our culture at Lendio.”
Brock and the team suggest a couple of things that make the “Shout Outs” meaningful. Like most things, they aren’t difficult, but they do require some thought:
“Shout Outs” work for Lendio because, in addition to being sincere, specific and public, they are generated by colleagues and peers. It doesn’t take an expensive recognition program to start reaping the benefits of calling out exceptional performance, but it does require a willingness to look for positive behavior that can be rewarded. “Recognition is critical to fostering a culture where people feel like they are contributing to something great,” says Blake.
Today’s business climate requires organizations to look to employees to step up and perform at a higher level. “Shout Outs” are just one simple way to encourage it—what are you doing to recognize exceptional performance in your organization?
Small business evangelist and veteran of over 30 years in the trenches of Main Street business, Ty makes small business financing and trends accessible in common sense language devoid of the jargon.
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