Employees appreciate having one-on-one meetings because it makes them feel special. When they've done a good job, they'd get a pat on the shoulder and when they didn't, they'd get a chance to overcome their weaknesses.
Some other ways to show appreciation to your employees include:
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Workplace Complacency: 4 Tips to Overcome Adversity as a Project Manager - nTask
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"With great power comes great responsibility". We all know who said that, but it's so true.
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How to build positive relationships with colleagues and superiors
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