One of the best ways to recruit and maintain top people to your company is to create a winning culture at your business. A winning culture that allows your employees to feel valued is vital if you want to be successful in the long term.

With the right approach, you can reduce costs due to productivity losses and employee turnover, as well as nurture a culture where your workers feel comfortable bringing their best ideas to your attention.

Here are four tips you can use to create a winning culture in your business:

1. Encourage Employees to Share their Ideas

Don’t just say that you welcome input from your employees. Actively work to encourage employees to share their ideas and accept their input. Show appreciation when workers offer insight.

Not only should you encourage your team to share their ideas, but you should also make it a point to implement the ideas when they are practical and helpful. Even if you can’t fully implement an idea, do what you can to use at least a portion of the idea. It’s a good way to show that you are serious about accepting ideas from your workers, and encourage them to share in the future.

2. Acknowledge Even Small Acts of Innovation

Look for small, every day acts of innovation from your employees. The idea is to recognize when someone shows initiative to save the company a couple hundred bucks, just as you would recognize a larger savings. Pay attention to small tweaks that make the system run smoother, or that bring in results.

It doesn’t have to be about huge changes and numbers all the time. In fact, if you acknowledge and celebrate even the small things, more of your employees will actively look for ways to innovate and take initiative. This can create a winning culture where most of your people are working to make your company better.

3. Encourage Skills Development

A good way to encourage a winning culture is to offer skills development. Whether you bring in seminars to help educate your workers, or whether you offer to help your workers pay for tuition or certification, you can encourage your employees to develop their careers.

As part of this type of initiative, though, you need to make sure that you have a way to allow your workers to advance in the company. Without that, you run the risk of your employees jumping ship. Make sure you have room to provide meaningful work and challenges.

4. Build a Meaningful Mission

Part of your winning culture should be a meaningful mission. Millennials today want to feel as though they are doing something important and that aligns with their values. Make it a point to create some sort of mission for your company, whether it’s part of your company’s make up, or whether it’s something that you do to add value to your community as a whole.

When employees feel valued, and when they feel like they are part of something larger than themselves, you are more likely to have a winning culture — and one that will stand the test of time for your company.

I'm Miranda and I'm a freelance financial journalist and money expert. My specialties are investing, small business/entrepreneurship and personal finance. The journey to business success and financial freedom is best undertaken with fellow travelers.

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