As we all know, the success of a business is measured at the end of every quarter, and what we want to see is growth. Some quarters are better than others, and a particularly successful one is cause for celebration. After all, your team has worked hard to make this happen and created those great numbers that mean so much for the business.
So, after a successful quarter, what are the things you can do to both recognise your employees’ success and replicate it in the future?
- Analyse your success
As well as celebrating, it’s important to analyse your success. If you don’t analyse your success then you may find it difficult to replicate such success – so what went well? Did a particular branch do especially well, and if so what were they doing differently? Were incentivising programmes particularly effective? Is there a department across the company that was exceeding their targets? Though it’s important to consider weaknesses, after a big success ensuring you know what went right is the first consideration.
- A manager’s getaway
A successful quarter isn’t born in a vacuum but rather comes from a lot of hard work and innovation from the team. Management should be rewarded for their role in these successes, enjoying a treat somewhere like Vineyards Fredericksburg to make it clear that their contributions are recognised and valued. Depending on the value of any given team members’ contribution, a bonus might even be in order – but make sure these are considered for team members lower down the ladder first.
- Celebrate the team
While it’s important to recognise the management, it’s incredibly important to focus a lot of celebration on the actual workforce. While managers may have been responsible for creating and implementing interesting and successful strategies, the teams below them are really the employees who put in the lion’s share of the effort and made those strategies and goals achievable. It’s important that you make sure they know you value their contribution and their positions as members of your company.
- Boost your company publicity
Achieving a great quarter isn’t something to be just kept among the team; this is the kind of success which can actually help to boost your company’s profile in the public eye. Instead of holding only internal celebrations, encourage your employees – from top to bottom – to post about the company’s success on LinkedIn and other social media, and send an email campaign to your clients and investors shouting the good news. This will renew their faith in you as a successful company.
- Ensuring safety
Success can always come with its pitfalls, and the more success you enjoy the more important it is to make sure you are protected. After all the celebrating has been done, it might be time to take the opportunity to reevaluate your commercial insurance software for example, or reexamine your IT security. You can never be too careful!
A successful quarter is a great achievement for the whole company, and it’s important to recognise it properly, know how to replicate it – and, of course, it’s important to protect the company too.