6 Great Ways to Motivate Your Employees with Rewards

One of the best ways to inspire motivation in employees is coming up with a reward system – there is no better way to inspire your workers. When it comes to rewards, however, employers tend to instantly think of cash and, although this is an efficient motivational method, there are other ways to use them as productivity boosters.

Money

Make no mistake, money is on the very top of any work-related rewards list – after all, we all work in order to be able to support ourselves. Of course, this way of letting your employee know that they excel at their job is difficult to achieve; you own a business for the exact same reason your employees work – in order to obtain money. The best approach here is to take your earnings into consideration; if your workers are efficient and effective, chances are that your business will start turning more profit. The smart way to go would be taking the percentage from the part of the budget where your profit has increased in comparison to the previous year or month and designating it as “bonuses” for the employees that particularly stand out from the rest of the crowd. The key here is to not overlook anyone’s hard work, because this will lead to drops in productivity, so closely monitoring your workforce at all times goes without saying.

Gear and clothes

Another way to inspire productivity in your employees is by offering them giveaways and company gear and clothes are the best choice for two reasons. Firstly, branded items are useful for promotional purposes – your employees will probably be wearing the clothes and gear outside of work even if they move on from your company. Secondly, giveaways are pretty much a must for any business event and you’re bound to have an amount left over, which means that this basically takes no investment.

A new company phone

We live in the age of smartphones, where everyone wants a top-dollar piece of gear. Supplying your workers with phones is obligatory in the modern business world, so you’ll have to set aside a portion of your budget for these, to begin with. If a particular employee happens to excel at their work for a couple of months in a row, buying them a brand-new smartphone is definitely something that you can afford. Feel free to use the company budget for this – this type of a reward is a valuable business asset.

Parking spot

It might sound trivial, but if you’ve ever had issues with parking spots at work, you know how important a decent one is. A bad parking spot will cause people to be late for work and the last ones that you want to be late are your top performers. With a great parking spot, you are both rewarding your top employees and making sure that they’re never late for work. This really is a no-brainer, considering that you’re killing two birds with one stone here.

Trophy

Trophies can serve as great moral boosters – in truth, they aren’t worth much, but this token of appreciation can go a long way in serving as a proper reward for your top earners. Of course, the more special these are, the better effect will they have on the recipient employee(s), so having custom trophies made is a great touch.

Music picking

There are many benefits of playing music in the workplace and this reward is completely free. While making sure that music suits everyone in the workplace, setting aside a once-a-month opportunity for those that have exceled recently to play music of their choice is a great idea. Sure, some of your workers are bound to dislike what others like, but doing this occasionally will serve as excellent inspiration for the individuals that have deserved it.