Rewarding Your Employees

August 2nd, 2016

Work can be a grind, which can lead to employees becoming burnt out. If you have hard-working employees, make it a point to reward them accordingly. It will keep them motivated and ready to get back in the workforce. Here are some suggestions we have for rewarding your employees:

Give Them a Cash Bonus.

It’s no secret that people are motivated by cold, hard cash. This is one of the most traditional ways to reward employees, but there’s nothing wrong with that because it works for a reason. The nice part about being an employer or manager is that you can decide how you want to incentivize them with the cash bonus. It may be they get the bonus if they do a certain amount of work, or it could be a complete surprise, but it’s totally up to you.

Give Them More PTO.

PTO is often the reward that means the most to your employees because they can choose how and when to spend it. You could choose to implement this in the form of occasional bonus PTO or  give them a year-end bonus of adding to the following year’s vacation days if that works better for you and how you run your business.

Give Them More Responsibility.

While this doesn’t sound like a reward, it can be. More responsibility could mean that you’re giving your employees the chance to do something they’ve always wanted to do; the confidence-building that comes with increased responsibilities can be its own reward. They’ve successfully proved themselves to you and earned a promotion – which, by the way, usually includes a raise.

Turn Certain Goals into a Game.

Another way you can reward your employees is by turning certain goals into a game. For example, if you’re in charge of managing sales people, you could incentivize them with any of the rewards mentioned above for each goal marker they hit.

As soon as you put some of these reward policies into place, you will see a direct correlation with how happy and productive your employees are. You will also find that any financial costs associated with rewarding your hard-working employees will be paid back to you, ten times over in the form of productivity.

Needing new staff to add to your reward plan? Contact Olympic Staffing. We can help you find employees who will be motivated by rewards as an effort to work harder for you and your company.