5 Types Of Rewards That Employees Respond Best To
Providing rewards and incentives to your employees is always an effective way to boost productivity and improve relationships in the office. You should come up with creative ideas as well as identify the best rewards that your staff will respond to best. Here are five kinds of rewards that will guarantee better-performing employees every time.
1. The traditional. Forbes reported that you can offer the expected reward for being hardworking and productive, such as a bouquet of flowers, a cake and card stating your thanks and appreciation. These have been proven for years to be useful in boosting the morale of employees and inspiring them to keep doing well.
2. Vacation incentive. Offer a trip for two or the entire family for the best-performing worker of the month or quarter. Employees respond very well to free airline tickets, as well as a few days off from work. It will be a good way to motivate your workers in the next several weeks.
3. Cash rewards. Employees always respond positively to the thought of receiving cash rewards for increased productivity. You may reward the top-grossing worker or provide cash rewards based on commission. This means that the more that they sell, the higher their cash prize will be.
4. Opportunities to grow professionally. Inc.com reported that many employees aim to undergo further education to boost their knowledge and professional status. Offering free training programs and having them enroll in certain courses at your expense will be a great way to motivate them to work harder. You also benefit by upgrading your workers.
5. Talk to them directly. Empowering employees by talking to them face-to-face will help them respond better. Spend time with the well-performing staff and tell him personally that you admire his work and that you are thankful for his contributions to the company. Provide more helpful tips on how he can further improve in his work and inspire the person by letting him know that you are aware of his deeds and appreciate these very much.
These rewards do not have to cost you a lot of money and you will discover how better your company can perform with motivated employees.