And recognition can take different forms — be that praise, public appreciation, or any reward money. Recognizing standout performance helps to instill confidence in top achievers and also sends a message to other team members that superior effort and results are rewarded.

In order to create an even more strong pull for the high-performers towards excellent performance, reward is added along with acknowledgement. The potential benefits from loyalty programs may consist of an incremental amount of money based on their performance as measured through bonuses, increased salaries, and advancement opportunities in their careers. This rewarding approach of organisations, motivates its staff members and helps in retaining the best workers by providing with practical incentives.

Keep in mind: Acknowledging and awarding top performers is not just a one time thing. To do it continuously and consistently is a must in order for maintaining excellence as a part of your corporate culture.

We’ll look at how continuous feedback and coaching facilitates the growth and sustained performance excellence of star staff.

5. Maximizing Success: Effective Coaching and Feedback
Both effective coaching and feedback are essential ingredients to make high performers reach their fullest potential.

Regular feedback enables top-performers to stay on course and take the corrections required. Managers can steer these employees to even more successes by pointing out their core attributes as well as where there potential for improvement. Moreover, positive feedback allows top performers to see how your contribution supports organizational objectives and build a feeling of purpose and accountability.