Friday, March 1, is World Compliment Day–are you ready? After 10 successful editions of “National Compliment Day” in the Netherlands, the creators have expanded the day to encompass the world.

What does World Compliment Day have to do with your business? Dr. Noelle Nelson, author of Make More Money By Making Your Employees Happy, says smart employers and managers will use this day as a  reminder of the importance of appreciation in the workplace.

“A Jackson Organization study shows companies that effectively acknowledge employee value by, for example, giving them compliments, see a return that is more than triple the return of companies that don’t,” says Nelson.”Giving heart-felt compliments to your employees has significant impact on how employees view their work. It’s human nature. When someone compliments us, we feel good about ourselves. A compliment given by a boss often prompts us to work a little harder. And from strictly a business standpoint, compliments can improve productivity and a business’ bottom line.”

There’s no commercial aspect to World Compliment Day–“it simply addresses the basic human need for recognition and appreciation,” says Hans Poortvliet, recognition professional and the driving force behind the annual event in the Netherlands. “Everybody gains emotionally. And therein lies its power.”

March 1 is about consciously reflecting on what someone does well and letting that person know that his or her efforts are appreciated. “A sincere and personal compliment costs nothing, but the impact on the recipient is huge,” says Poortvliet. “Nothing stimulates more, gives more energy, makes people happier and, as far as business is concerned, increases commitment and loyalty faster than sincere appreciation. So why not use it a little bit more?”

Poortvliet’s goal for the day is that on March 1, every person pays at least three people a genuine compliment. “If we can do that, it will create the most positive day in the world!” says Poortvliet.

Why not think now about three (or more) employees you can compliment on Friday? Better yet, consider starting a personal initiative to compliment three employees every day. Or go one step further and encourage each employee to compliment three people every day!

For more information on World Compliment Day, go to www.worldcomplimentday.info. For more business-related appreciation suggestions, go to http://www.noellenelson.com, visit Facebook at Facebook.com/HappyEmployeesEqualProfits or visit Twitter.com/HappyProfits.