How to reward staff without it costing
I am often asked by clients how they can reward staff for good work without it costing them heaps. Sure, there are incentive plans linking bonuses to performance - but there are many small ways you can give a reward and these can be more timely.
Critical is that rewards must be authentic and this means thoughtful - it is not handing out an "employee of the week" award at random. Suggestions I have come across include:
- Finding something specific to say thank you for to each direct report once a month
- Give a handwritten note whenever you say thanks or recognise them
- Get to know your employee's preferences and keep a small present handy
- Sometimes take them out for a coffee or lunch - nothing big (but don't do this when you want to reprimand them)
- Wish them a happy birthday
- Identify a suitable personal development activity/course
- Find a task that gives them a new responsibility
And don't hesitate to call me if you want to do something more formal