At the end of the day, the bread and butter of your business is not your clientele. It’s not your assets, nor your brick and mortar location. It’s the employees who are at the frontline making sure everything is running smoothly day in and day out.
Which is why it’s so important to give them incentives, and keep them motivated on a daily basis.
In fact, a recent global survey was conducted with the aim to see just how many disgruntled employees ended up resigning due to a lack of appreciation. The tally was a staggering 79-percent of all participants.
The question is how on Earth can you reward your employees in a meaningful way?
While conducting research for this article, we realized that so many businesses have a bad reward system in place that just ends up de-motivating employees. Which is why we decided to go over some of the worst, and throw a few good replacement ideas out there for you to use.
“Give employees a coupon that allows them to dress down for a day. On any day of there choosing.”
While yes, it is nice to not have to dress in stifling attire on a particularly hot Summer day, it’s not exactly a reward. Business is shifting, more companies globally are becoming a bit more relaxed when it comes to the dress code.
Good Idea To Replace:
Now, that’s not to say having some kind of coupon reward is not a great idea. Just make it a coupon that’s relevant to what your employees might like.
It could really be anything, here are just a few great coupon ideas that most employees would love to recieve:
- A free movie ticket (maybe snacks included) coupon.
- Concert tickets (this one is really good if you know your employees taste)
- Paying for a class or college course for either your employee or one of their family members.
- Car wash and detail coupon.
- There favourite magazine subscription.
- Give them a chance to win millions with a free jackpot ticket!
“Get something that is witty, funny, yet cool at the same time. Something like a talking plaque/fish. You can record your voice and leave a message thanking the employee for their hard work and dedication to the firm.”
I don’t know about you, but the last thing I want on my office wall is a big stinky fish that has my boss’s voice. That sounds like a really fishy situation. And at the end of the day, it’s kind of pointless. I mean, it’s not exactly the most motivational reward you can get, right?
Every employee wants their own working environment. Whether it’s the pimp chair, the classy desk, or a full-sized office to run rampant in. So, why not put it up for grabs as a reward for the hardest working employee in the firm?
Not only does this give them a sense of achievement, and tons of motivation. But it will also help them stay more focused due to less distractions from peers throughout the day. Almost a win-win situation.
“Create a fake currency for your business. Reward hard-working employees with this fake money, which they can trade in at the end of the quarters for something they fancy.”
I admit, I love monopoly just as much as the next guy. But would I want this to be what I see in return for hours of hard work each and every day? I think I will have to shout, “HARD PASS”, thank you for playing.
Instead of giving a fake reward, which eventually gets them a nickel for their hard work. Why not give them a proper reward. Something that they can actually enjoy? Maybe even send them away for a vacation (now that’s something every employee wants.)
Something as simple as a couple of vacation days, or even a day off on Valentines Day. Give them a chance to rest up while the rest of the business world is still hard at it. The best part about this, is it costs you nothing and it leaves your employee rested and ready to hustle when they get back into the office.
When it comes to rewarding employees, it’s not about just throwing something out there and hoping they like it. There is a bit of a science to ensuring that your entire workforce feels appreciated and motivated.
When you reward employees, you should be:
- Actively building up inspiration and motivation for what is to come.
- Looking to boost performance and focus in the workplace.
- Flourish creativity.
- Encourage teamwork, and cohesion in the workplace.
- Discourage unethical behaviour.
- Create long-term thinking for everyone on your team!