• FREE RESOURCES
        • Accounts Payable
          Finally! The trick to securing greater T&E compliance
          Benefits
          Rooting out folks who don’t belong on your health plan: A 6-point dependent audit checklist
          IT
          3 costly misconceptions about biz email compromise
          Credit and Collections
          Collecting via email: 4 must-make moves in your subject line
          Accounts Payable
          5 Tough-to-spot signs that an invoice is fake
  • PREMIUM CONTENT
        • Staff management
          120 Proven Communications Tips for Today’s CFO
        • Payroll
          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
          Accounts Payable
          T&E Best Practices: Complete Guide to Ensure Compliance
          Payroll
          Payroll Best Practices: 4 Ways to Save Time and Money
        • Staff management
          Email Best Practices: A 6-Question Quiz
          Staff management
          Innovative Communications Strategies: An Email Case Study
          Staff management
          A 5-part Framework for Successful Workplace Communications
        • SEE MORE
          PREMIUM RESOURCES
  • CORONAVIRUS RESOURCES
  • LOGIN
  • SIGN UP FREE

CFO Daily News

  • FREE RESOURCES
        • Accounts Payable
          Finally! The trick to securing greater T&E compliance
          Benefits
          Rooting out folks who don’t belong on your health plan: A 6-point dependent audit checklist
          IT
          3 costly misconceptions about biz email compromise
          Credit and Collections
          Collecting via email: 4 must-make moves in your subject line
          Accounts Payable
          5 Tough-to-spot signs that an invoice is fake
  • PREMIUM CONTENT
        • Staff management
          120 Proven Communications Tips for Today’s CFO
        • Payroll
          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
          Accounts Payable
          T&E Best Practices: Complete Guide to Ensure Compliance
          Payroll
          Payroll Best Practices: 4 Ways to Save Time and Money
        • Staff management
          Email Best Practices: A 6-Question Quiz
          Staff management
          Innovative Communications Strategies: An Email Case Study
          Staff management
          A 5-part Framework for Successful Workplace Communications
        • SEE MORE
          PREMIUM RESOURCES
  • CORONAVIRUS RESOURCES
  • Accounts Payable
  • Credit and Collections
  • Payroll
  • Accounting
  • Benefits
  • Finance Technology
  • More
    • Employment Law
    • Strategy
    • Policy and Culture
    • Fraud
    • Payments and Transactions
    • Budgeting and Forecasting
    • Banking
    • Staff Management
    • Cost Control
    • Supply Chain
    • IT

Increase revenue and boost engagement with a post-year-end celebration

Alyssa Pedrick
by Alyssa Pedrick
February 8, 2019
  • Payroll
3 minute read
  • SHARE ON

Your finance team can finally breathe a sigh of relief knowing year-end duties are slowing down.

But before diving into the next big thing, do you take time to acknowledge all the hard work A/P and Payroll staffers just put in?

If you haven’t in the past, 2019’s the year to start. And even if you have, maybe 2019’s the year you take it up a notch.

Why celebrate?

Setting aside just a little time to celebrate and recognize your team can have major, long-term benefits.

In fact, companies that prioritize employee recognition are more likely to see:

  • increased revenue
  • growth in team size
  • highly engaged employees, and
  • innovation and great work performance.

That’s according to new research from global recognition and engagement company O.C. Tanner.

So, round up your staffers! It’s time to celebrate the completion of year-end.

3 ways to go

What kind of celebration you choose will likely depend on your company’s size, resources and capabilities. Here are three options to consider:

1. No cost: The heartfelt huddle. Don’t have the time or money to make a huge to-do? That’s OK.

Ask your team to gather for a short meeting where you and other leaders (controller, A/P manager, Payroll manager, etc.) can thank everyone for their hard work. You may even want to point out specific staffers who went above and beyond, worked extra hours, stepped up as leaders, etc.

Bonus: If your CEO can stop by, that can show staffers their hard work is appreciated all the way up the ladder and make them feel more connected to your company as a whole.

2. Low cost: The potluck lunch. This one won’t require dipping heavily into company funds – and will leave everyone feeling happy and full. Ask each staffer to bring in a potluck dish to share and have the company provide desserts. Line up the spread and dig in!

Some finance departments add a little friendly competition after their lunch with games like charades or trivia. (And that won’t cost a dime.)

Staffers will appreciate the great food spread and chance to relax, rejuvenate and bond as a team.

3. Modest splurge: The group outing. If there’s money in the budget to do a team outing, organize a restaurant lunch or an event like bowling or go-carting.

When deciding what kind of event is best, it can help to take a big-picture look at your team and/or gather insight from managers on their staffers’ interests and preferences.

Not only does an outing show your team that you appreciate them, it gets everyone away from the office and into a social environment. It may even spur more camaraderie between A/P staffers and Payroll staffers who otherwise might not interact too often.

Want to go above and beyond? Some companies give staffers the rest of the afternoon off after their post-year-end lunch or outing. And that’s something every staffer – from your bright-eyed millennials to your seasoned veterans – will really appreciate.

 

Alyssa Pedrick
Alyssa Pedrick
Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. She has produced content for accounts payable professionals and finance executives and has developed whitepapers and infographics for the finance and accounting industry.

Keep Up To Date with the Latest Finance News

With CFO Daily News arriving in your inbox, you will never miss critical stories on accounting, benefits, payroll & employment law strategies.

Sign up for a free CFO Daily News membership and get our newsletter!
  • This field is for validation purposes and should be left unchanged.
CFO Daily News Logo
  • ABOUT CFO DAILY NEWS
  • ADVERTISE WITH US
  • WRITE FOR US
  • CONTACT
  • Accounting
  • Benefits
  • Payroll
  • Policy and Culture
  • Employment Law
  • Fraud
  • Finance Technology
  • Accounts Payable
  • Credit and Collections
  • Strategy
  • Payments and Transactions
  • Budgeting and Forecasting
  • Banking
  • Staff Management
  • Cost Control
  • Supply Chain
  • IT

CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.

Privacy Policy Terms of Service
Copyright © 2021 SuccessFuel

WELCOME BACK!

Enter your username and password below to log in

Forget Your Username or Password?

Reset Password

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

Log In

preloader