When your employees perform well and further the mission of your organization, you should acknowledge them. Their performance improves the bottom line, and as their manager, makes you look good. Acknowledgment gives employees incentive to continue to meet this high standard. Recognition does not only need to be by paying them more money. While a bonus check would be nice, employees will appreciate a more simple acknowledgment of their good job performance.
Place more responsibility on the employee
The new responsibility will be seen as an exciting challenge by the employee. Delegate duties that include work that you as the supervisor normally would perform. Above all, your employee may find this as another way to impress you with continued good performance.
Let the employee in on plans for the company
By giving information about the company that you have no obligation to give, you show the employee that you value and trust him/her as both a person and an employee. The employee may make career direction decisions within the organization based on the information you provide about the company.
Inform your management via email, and "cc" the employee
This type of recognition really pays off. Not only will the employee know that you appreciate such good efforts, but the managers who read the acknowledgments will know that you appreciate the employee’s job performance as well, and likely give their own acknowledgment to the employee.
Give positive feedback
Have a private meeting with the employee in your office to give an evaluation of the performance. When the employee finds that you want to acknowledge good performance rather than criticize poor performance, the employee will likely leave your office with a smile and renewed energy for continuing to perform well.