STAFF REWARDS AND BENEFITS

An organisation exists because off its employees. If you wish to make your organisation work well you need to make sure that your employees are rewarded regularly. It is the reason companies find different ways to reward employees. Companies offer bonuses, special leaves, leave encashment, promotions and a lot more. When you are challenged by employee rewards, cash is the first thing that comes to your mind. But there are a lot of other ways to make sure that your employees are happy and satisfied. It is the reason due to which we will be discussing some of the top ways to reward your employees that do not include cash.

WHY IT IS IMPORTANT TO KEEP YOUR EMPLOYEES HAPPY AND COMFORTABLE?

If we consider today’s economy we find out that it is significant for companies to have happy and satisfied employees for better productivity. It is so because loyal and honest employees would help you gain higher profits. Similarly when your employees feel unmotivated or undervalued company suffers badly. Moreover, there are several studies show that the employees who are engaged and motivated employees miss less work, perform better, and are more supportive of changes and willing to make them happen. It is a proof of the fact that it is highly important to motivate your employees.

It is extremely hard to keep up with the harsh economy because as a business owner you are supposed to look after a lot of things. Being a source of happiness for your employees is important. Office is a place where an employee spends more time than he does at home. Thus it is important to make sure that workplace is comfortable and a less stressful place. In addition to that it is important to keep your employees motivated one way or the other so that they remain dedicated. Happy employees are also satisfied and feel a sense of accomplishment in their work. They feel confident whatever they do and make sure that their company is benefiting from their act. In addition to this it also helps to prevail a sense that what they do is important and meaningful for the company. Such feelings reduce stress, which is a major factor of productivity.

TOP METHODS TO KEEP YOUR EMPLOYEES HAPPY WITHOUT SPENDING CASH

As stated above this article is going to focus upon the methods that you can use to motivate your employees without spending cash.

 

  1. Incentives like EMPLOYEE OF MONTH

A company grows when its employees are creative and confident. Thus it is important to make sure that along with motivating them it is important to make sure the company is able to boost their confidence. To keep your employees motivated it is important to provide them with something attractive. Incentives like Employee of the month would keep them motivated because it would provide them the chance to prove their potential. It is important for companies to make sure that their employees are able to showcase their potential as this helps to boost their confidence. When your employees will feel confident they would take much better decisions. Moreover, they would a lot more creative on their ideas.

It is rated to a useful incentive because it gives the employee motivation that his impression as an employee would improve. In addition to this it would act an added certificate whenever they will opt for switching a job. It is the reason due to which each and every employee in the company would work hard to earn this certificate. It is a kind of incentive that doesn’t require you to spend a lot of cash on your employees.

  1. Throw a one to one lunch for them

You know that your employees work really hard for you and that is the reason for your success. Take your employee for a one to one lunch so that they realise that they are an important part of company. This way you will be able to talk to them and get to know about their feeling and motivation level. You can judge them well in that conversation and allow them to express themselves freely. Although it is a low cost incentive for your employees but this would allow them to express themselves in front of their employer which would ultimately help in many ways. Moreover, it might become a ritual of your company which would motivate even other employees to do well and have a one to one lunch with their employer.

  1. A Day off as special incentive

Finding different ways to motivate your employees is important as it helps to build a healthy environment in your company. To ensure that your employees remain motivated it is important to find out new incentives to keep them motivated. Another way to keep your employee motivated is to give them a chance to take a day off as a special leave with pay. Your employees work hard for your company throughout the year thus it is important for you to ensure that they are given a day off so that they could relax. When your employees will be relaxed and comfortable then their productivity would increase which is ultimately a good sign for your company. Giving them a day off will keep all the employees inspired to work hard and earn the reward from the company. Allow your employee to take the liberty to choose a day off. Let them feel their value in the company because with their efforts you have achieved this position and it is with their efforts you will end up on the top. Keep them happy and enjoy the rewards in form of profit and success.

  1. Casual Day or Story Day

Just like work is important a day off from work is also important. This would help employees to relax and become friends with their colleagues. Let them choose a day on which they would dress casually as they desire. Let them feel like home and make them comfortable. Dressing formally is important but breaking rules once in a while is important as it helps to engage employees. If you feel casual dressing is not the right incentive then you can go for story day just like kids do in early years. It is important to give your employees a break from work because your mind needs to relax to ensure better productivity. Just let your employees decide on a day when there is no work to have a cup of tea and sit in meeting room and chat with each other about things they like. Giving them time to interact with each other and improve their social life within the office is important. This would prevail a sense that employers care about them thus they also need to work hard and make sure that the company works well. Bring in something special to eat like cake, pastries or any snack that you think would suit the best considering the strength of employees. Break is important for human mind so in order to make sure that your employees get a break from work and all the tensions outside office just order them to turn off their computers and sit anywhere they want and chat with employees around and enjoy a cup of tea with snacks. Employers should also sit with them for a while so that they are aware of the fact that their employer cares for them and they are an integral part of the company.

  1. Company wide email with special appreciation for the employee

Making your employees realise the fact that they are an integral part of their company would help them gain more confidence over themselves and it would also help them work even more hard than before. To appreciate your employees you can circulate a companywide email mentioning their achievements and appreciating their efforts. It will act as a motivation for the employees and it will make sure that other employees also work hard to make sure that they are the ones being appreciated in the next email. It is one source of motivating employees without spending a single penny. It is rated to be one of the best motivator and also a confidence booster in time when your employees are down. So do not hesitate to appreciate your employee because they are the ones due to which your company stands here. Appreciate them to earn success.

  1. Have the entire team sign a framed photo

Photographs are a sign of memory and appreciation. Just get a day off from work for all your employees and ask them to dress up well. Call in a photographer and enjoy capturing the day with your employees in photograph. Your employees are your strength so it’s your responsibility to give them confidence and make sure that they are always there for you and your company whenever you need them. Take an individual photo with each and every employee and ask them to hang it on their cabin so that they know their employer is always there for them. This might help them get driven and they might work even harder than before to get into your good books. Either way it is a good opportunity to get to know about your employees and the qualities and abilities they have in them.

  1. The exemplary office

Yes setup a cabin especially for employees to reward them for the honesty, hard work and success they have brought to the company. Let them sit in that office for a week or a month and motivate them to work hard if they wish to acquire the seat permanently. This cabin can have some amazing stuff that you have in your office or something even more special that you thing would help you motivating them for working hard for you. If you can’t afford a separate or an office then you can get a new desk for them or even a new chair. Most of your employees spend 8-9 hours sitting. A new chair might help them get more comfortable which may ultimately improve their productivity.

  1. A Thank You Note or a video

Appreciating your employees in unique and exclusive manner is important. You can thank your employees by putting up a special thank you note on their desk in the morning. You can thank you note by putting up a small gift that you thing they are going to love it. Furthermore if you think this idea doesn’t suits your office environment or office style then you can take help to make a video for your employee using images or achievements that he has played a part in and share that video to all your employees. This would help prevailing a sense of appreciation in the company.

  1. Make them Boss for a day

Make them the boss for a day. Let them take decisions and see if they can be a future prospect for you. Make them sit on your seat and allow them the liberty to act as a boss for a day.

  1. A wall of Appreciation for employees

Allocate a wall of appreciation for your employees. Put pictures of your employees and thank you notes for those who have worked hard to help company achieve something good.

 

It is important for you to reward your employees just like you reward your customers, for customer retention. They are the reason due to which you have achieved this success. Be a source of source of appreciation for their efforts to achieve worthy results in future as well.