You have all heard the basic rule “praise in public and criticize in private” and that is certainly excellent advice. And the criticism should generally be as close the event as possible – delayed criticism creates serious uncertainly in other people’s confidence in your leadership.
Recognizing good performance is a trait of the most respected leaders. The process is simple: recognize good performance sincerely and frequently and you will get more of it. And it is never too late to recognize the winners in your organization. A week, a month, a year later – it makes no difference. “Pat people on the back for good work” and you will achieve both good performance from your people and earn respect for yourself.