There are a multitude of ways to express gratitude for a job well done. Some employers acknowledge their employees by supplying bonuses, additional vacation days, company-sponsored luncheons or other acceptable rewards. When deciding to implement a formal gift plan for your employees, however, it is imperative to involve them in the planning process.
Determine job-specific incentives and which job functions will be rewarded. For instance, you may decide to hold department-specific raffles or provide bonuses that are adequate given the level of responsibility each job holds. An employee's years of service and perfect attendance are other good reasons to provide incentives, such as trophies, cash or gift certificates.
Research employee gift plans offered by online and local vendors, such as Visa (see the Resources section). Check with local restaurants, fitness centers and concert halls to see what gift packages and corporate discounts can be arranged for your employees. If you have multiple offices throughout the nation, online vendors may be the best option to start with.
Poll employees and ask them to vote for the gifts that are within your budget, such as cash cards, event tickets or apparel, that they prefer. Out of these options, select the two to three that receive the most votes.
Inform your employees which options received the majority vote. In addition, let them know when the new incentive program will be rolled out and what the eligibility guidelines are.
Reward employees using the new gift plan.