5 Best Ways to Reward Employees & When to Do It

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You’d be nowhere without your staff, because–like it or not–once you move beyond being a micro-entity, one-man-band then you are forever relying on others to make your company work.

We’ve talked before about starting a business so why not discuss how to run it once there are other people involved? It’s important to make sure they are adequately rewarded if you want them to be as productive as possible and not to seek alternative employment elsewhere.

But how is it best to do this? Well obviously there are dozens of options, but here we look at 5 of the best suggestions to make your work-force will be happy and contented.

Christmas Party

Christmas is supposed to be an enjoyable time, but for workers, it’s often a time of stress and financial hardship as it’s expensive for those with families and for those who don’t have a family. It can be an emotionally challenging time, also.

A fun Christmas party can help ease tensions and give everyone something fun to look forward to. The traditional office party is not in fashion these days as insurance often won’t cover these things, so it’s probably best to book a meal or even a function room with entertainment.

Team-Building Days

Things that bring the workforce together are a good idea, making it a great idea to have team building events now and again. Some organizations can do this for you with activities ranging from simple exercises and games in the office to trips out and sporting events etc.

Regular Freebies

You should get in the habit of giving away freebies to your employees every now and then, for no reason other than to boost staff morale. Even simple items can be good. You can even have them personalized with the company brand, such as custom socks with your logo. This gives the added advantage of getting your brand into the employee’s homes.

Staff Competitions

To boost productivity and morale simultaneously consider running staff competitions. They could be rewarding performance with a prize, maybe something like a voucher for a meal out at a nice local restaurant, or even a gift. It really all depends on the budget you want to put on it.

You could also make these competitions to have a specific aim, such as whoever comes up with the best new product or service idea. This will really get the staff thinking as they all try to come up with something. Healthy competition is a good thing, after all!

Birthday Surprise

A really cool and effective idea is to treat each and every employee to a little something on their birthday. It doesn’t have to be something extravagant, but if you took the time to gift them with a little cake and maybe a card and gift voucher it can go a long way to showing that you care about each person that works there. It’s the little personal touches like these that really make the difference.

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