10 Low-Cost Ways To Reward Your Employees - Part 1 of 2

Being on a tight budget doesn’t mean you can’t motivate your employees through a strategic reward system. Here are 10 ways you can reward your employees without breaking the bank.

  1. Say Thanks: Whether you approach your employees personally, send them a note, or praise them in a staff meeting – it’s important to express your gratitude whenever they’ve done a good job. Saying thanks is one of the simplest yet most effective ways to make your employees feel appreciated.
     
  2. Lunch Meetings: Nobody will turn down a free meal – and a lunch meeting gives you the opportunity to reward your staff with great food while also bringing everybody together to share their successes, stories and struggles.
     
  3. Focus on the Family: Each of your employees have family members they love and care about. By showing that you value their families as well you can cultivate a deeper sense of loyalty with your employees. Some family-based rewards can be as simple as a “free night at the movies” or an all-expenses paid dinner.
     
  4. Change Job Titles: Believe it or not, the more inflated the job title the more your employees will work to live up to it. If you hire somebody as a “janitor” he will pick up your trash. But if you hire somebody as a “workplace environmental consultant”, he will keep your office clean and provide insight on how to make things more efficient.
     
  5. Staff Newsletter: Newsletters are a great way to highlight individual performances as well as birthdays and other events. It is also a great way to help your employees get to know each other better through surveys, spotlights, and news sections.


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