To have a reward system in place, the employer must have done some strategic thinking, as to properly appreciate the event. However, many companies do not do this, let alone celebrate such events. There is a lot of good reasons businesses should be rewarding their best employees. For an improved office culture, better engagement or to reduce employee turnover. There are loads of reasons you should show appreciation for your team. Let us look at the effective ways to reward your employees:
1. Handwritten thank you note: A handwritten note can go a long way, especially when it is written by the boss. It is free (if you do not count the cost of the paper and ink) while only costing time. Writing a handwritten note does a few things, well. It acknowledges the individual; shows you care and lets them know you are willing to put in some time for them. Sure, it is only a small gesture, but by itself or coupled with something else. This gesture speaks louder than words.
2. Party: When celebrating the end of one year and the beginning of another, an office party can be a great reward option. Office parties are great because it gives people the opportunity to feel valued and let their hair down, doing it. Two good consequences for a gesture. It might cost a little bit more money than the handwritten note, but your employees will thank you for it.
3. Office BBQ: Like the office party, having an office BBQ is also a nice idea. Perhaps on the Friday before the big day, have a BBQ for a few hours that you are supposed to be working. This works well because it allows for the team to take some time off while at work, spending time bonding with colleagues and having a few drinks. Showing you care by BBQing meat, mixing up some salad and drinking some nice drinks has never been better than when you are supposed to be working. It’s a simple gesture, cost effective and will get the staff merry and motivated for months afterwards.
4. Money: Money is great, everyone loves it. However, it is not always that great of a motivator. At least not for prolonged motivation. However, there is an exception. And that is a New Year bonus. Getting recognition for your work via a bonus, something you have earned can be much more validating than merely getting handed money. This would work for most people, as they would feel they deserve it. Especially being a time of year where there are many expenses, the bonus would be appreciated.
5. Time off: A week or two off for New Year is also one of the more effective ways to reward your best employees. Giving time to spend with family, or to fly to their home city without encroaching on their annual leave would be a welcome gesture to most people. As the employer is most likely taking a bit of time off, it is nice to let some employees have the same luxury.
6. Magazine subscription: Is it a coincidence that around the time magazines turnover is the time of the New Year? Maybe. Yet, it can be a good excuse to reward your team with a gift they’ll be receiving for the next 12 months. Because many magazines offer special deals around this time of year, it can be as little as $60 for a subscription. Present your team with the options and let them decide what they want.
7. Tickets to an event: There are lots of events going on, all year round. From sports to concerts and everything in between. Tickets can be cheap, and they can be a lot of fun for the team or individual members. Regardless, who ever said getting tickets to the football was only reserved for getting new clients?
8. Field trip: Much like the ‘Tickets to an event’, a good field trip can go a long way when you are figuring out ways to reward your best employees. Instead of the final day of work for the year, take the team somewhere! The odds are you are not the only business in the area. Maybe there is a football game on, or a distillery, or a rock-climbing wall (not all at once, though). Reward the team with a fun activity that everyone can participate in and you will be sure to improve your already great office culture for the following year.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath