How to Reward Employees Without Money
Hiring and retaining competent workers is harder than many realize. Competition between companies is fierce and smaller companies often have to work with limited funds. However employees want and need to be rewarded for all they bring to the company. Fortunately there are plenty of simple steps the company can implement in order to reward its employees without cash.
- Difficulty:
- Easy
Instructions
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1
Feature an employee of the month. Use this to reward an employee for a job well done and encourage others to perform at their best.
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2
Create a company newsletter. Use it to mention employee news and provide information on employees. Offer fun polls and ask employees to participate.
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3
Say thanks for a job well done. Handwrite personal thank you notes as a reward. Send personal letters of recommendation to be added to their employee file for impressive contributions.
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4
Offer flexible scheduling. Some companies allow employees to come in earlier or leave later than a standard shift. Provide early leave on Fridays or the last day of work before a holiday.
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5
Start an employee bulletin board. Rotate with new information as needed featuring employee pictures and other announcements. Remember personal milestones. Send cards for major events in their lives such as weddings and birthdays.
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6
Install a comment or suggestion box and offer a reward to employees for coming up with methods that save the companies time and resources.
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7
Have employee appreciation days. Meet outside the office as a reward. Provide free food, games, music and opportunities for employees to interact with management.
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8
Provide food. Well fed employees are happy. Offering free coffee and snacks are much appreciated perks. Offer free meals for all employees.
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Tips & Warnings
Free movie tickets, lottery tickets and gift certificates are popular among employees.
Many companies offer a free parking spot to the employee of the month.
