No money? How about saying thanks

Did you know 65% of people don't feel recognized for their contributions at work? Did you know companies that recognize employee performance are are on average 3x more profitable than there counterparts who don't.

Chester Elton and Adrian Gostick, of the Carrot Principle, draw on one of the most in-depth management studies ever conducted to definitively show that the key to getting the most out of your employees is frequent and effective recognition. Elton and Gostick, have dedicated their careers to employee recognition and have build a wonderful brand that's all about the carrot and not about the stick.

Check out this BNet business book brief wiht Chester Elton and visit Carrot Culture.

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This post was originally published on Smartplanet.com