Employees work hard for the welfare of a company. Aside from their salaries, they appreciate rewards coming from the management. Rewarding employees motivates them to do better and inspire others to follow suit. There are many ways to show appreciation for an exceptional employee. Here are some ideas:
Relaxing Experiences
After putting in hard work, nothing is more rewarding than a time to relax. Some companies opt to pay for rewards such as a dinner out or a day at the spa for their employees. For bigger incentives, some CEOs’ partner with a leading corporate event planning company. This kind of company can take care of the details for individual or group travel.
A deserving employee or a group of employees will be elated to have an all-expense-paid trip. On top of it, all the details are planned meticulously that there is nothing left to do but enjoy. These kinds of trips can spark motivation and make performances soar.
Work Flexibility
There are big projects that need longer hours from employees. Overtime becomes the norm during these times. Employees even sacrifice weekends and lunch breaks. When the work is done satisfactorily, some companies compensate for the extended hours.
Some offer employees autonomy over their work hours for a certain period. Employees can either take a paid day off on a regular working day after a big project. Also, they can work flexible hours. Remote work is another famous option that can serve as a reward. These options enable employees to regain a period of rest. Also, time off from work helps brings the work-life balance back in place.
Bigger Responsibility
Employees consider promotion as a big reward. They feel that they have proven their worth. Also, they feel that they have gained their superior’s trust. This view hits close to the truth. The management only gives bigger job descriptions to those they find capable. Promotion is not just a broadening of territory. It usually comes with more monetary benefits and more opportunities to grow. Thus, it is an effective way to boost the morale of an exceptional employee.
Simple Praise and Recognition
One must not undermine the power of a simple compliment or a congratulatory gesture. When a person has given their one hundred percent on a task, hearing praise makes the effort worth it. Also, doing it in front of others will make it sweeter. Showcasing good work makes employees strive hard. This is the rationale behind having boards for “Employee of the Month.” This also promotes a healthy sense of competition among the subordinates.
Gift Cards and Monetary Rewards
When a company closes a big deal, the quickest way to reward is for the employees to get a part of it. This may come in monetary form or gift cards. This system is effective for employees who have something in mind to buy as a reward for themselves.
This reward system is also applicable for birthdays or special occasions. Examples are anniversaries or their children’ graduation. By doing this, the employer shows that the employee is a valuable part of the team.
Employees are the greatest resources of a company. Taking care of them is imperative to success.
