When your workforce feels like they have an ownership role in your business, they’re more likely to and go the extra mile to perform well and play an important role in your company’s success. Feeling as though they have a stake in your company’s success will inspire them to be committed to helping your company succeed and take pride in its achievements. Here are three ways that you can help promote an ownership attitude in your workforce.

1. Educate Everyone About the Entire Company’s Operations

It’s helpful to train your staff about the organizational structure and how each part of the company contributes to its goals. When employees don’t really understand the functions of different departments, it can create a kind of internal tribalism in which they only care about departmental performance rather than a company’s performance. Instead, they need to understand how the different departments support one another. It’s equally as important to explain both short term and long term company goals to employees so that they can have a thorough understanding of how the leadership team measures the company’s overall success and have a firm grasp of what they contribute.

2. Invite and Utilize Feedback

Employees want to have their input heard and valued by a company’s leadership team. Typically, the people on the front lines of a business or the people who are in charge of handling a particular aspect of a business’s operations will have some of the most informed insight about how to improve processes and enhance efficiency. When employees know that their opinions matter and can affect key company-wide decisions, they’ll feel a sense of ownership and responsibility for how those decisions play out in practice.

3. Recognize and Reward Outstanding Work

Staff will have a sense of value and pride in their work when they’re recognized for it. Being cited as an example to their colleagues will inspire employees to want to keep up the good work, and it will inspire their colleagues to match their efforts. Likewise, compensating great work with bonuses and other rewards such as extra time-off can help incentivize people to do their best work.

When the staff feels like company owners, it fosters a positive company culture built on teamwork and accountability. Collectively, everyone will work hard to help one another succeed, and they’ll care more about specific achievements project initiatives or sales outcomes. Ultimately, when staff feels like owners, they’ll be more likely to stay on board over the course of a company’s development rather than seek out other opportunities.