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Early on in my career I took a management course. One thing that I learned from that instructor was a saying he introduced me to: "See everything, overlook a lot, correct a little". This can serve a manager well. When correcting an employee it is important to do it in private and discreetly. "Praise publicly, correct privately".
There are not that many good managers out there. You can set yourself apart easily by following the above mentioned advice. Too many times I have seen managers correct employees in front of other workers or worse yet in front of customers. Absolutely no excuse for such action.
Remember everyone likes to be recognized for a job well done.