How Startups Can Boost Team Morale and Drive Success Through Recognition

Opinions expressed by Entrepreneur contributors are their own.

The art of celebrating team milestones has evolved into a crucial leadership skill. A recent study by Nectar, an employee recognition software company, found that nearly 84% of employees say that recognition affects their motivation to succeed at work, and nearly eight in 10 people admit that they’d be more productive if they were recognized more frequently.

The benefits of a high-recognition culture extend beyond mere statistics. Teams that feel valued and acknowledged tend to exhibit higher levels of innovation and ownership — attributes that are indispensable for a startup’s agility and adaptability.

For new ventures, the first few years are a

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