Everyone enjoys a pat on the back for a job well done. Especially if it includes some type of reward! However, many businesses today face the dilemma of wanting to recognize employees but have a very limited budget to do so. Engaging and rewarding employees doesn’t have to break the bank!
A list of creative and easy-to-implement ideas was created by a variety of professionals in a range of industries. They were asked “What are your best practices to recognize others without breaking the bank?” If your corporate goal for 2011 is to incorporate a culture of recognition and to run lean and mean, here are a couple ideas to get things started in the right direction:
- Flex those Hours – Give deserving employees the ability to flex their hours. This can range from allowing an employee to telecommute one day a week to the flexibility to start earlier and leave earlier in exchange for high performance. This perk offers the most gain with the least pain.
- Handwritten Note – Hand out personal, heart-thought notes from the top-dog to the top-performers. It is amazing the lasting power of this low-cost idea!
- Help them Connect – Introduce a star employee to someone in senior management or a key supplier. This low-cost idea will make their day or even their career.
- Award a Free Pass – Reward an employee with a pass for a day off. Everyone can use a day off!
- Make it Fun! – This is by far the most important – make it fun and your employees will play, which in turn will boast morale, increase production, and make your organization a fun place that people want to be.
A study conducted by Accountemps found that frequent recognition was named as the number one requested non-monetary compensation by full and part-time employees, with regular comp coming in at No. 2. It is so important to reward someone for a job well done. Recognition creates a positive environment that fosters improved performance. It is the fuel that inspires and energizes others to work smarter and harder, supports behavior change, catapults training initiatives, and increases productivity.
The great news is, you don’t need to break the bank and your bottom line will flourish. Today, I challenge you to recognize someone – make it fun and memorable!
Posted by Recognize Right 