Constant feedback and appreciation of hard working employees lets them know a company values their work and is a great way to retain workers and cut back on turnover.
Though most businesses may still be feeling a pinch, here are a few suggestions on how to reward employees at no cost.
For a heartfelt and more personal touch, companies can send a note to an employee’s family, expressing how that worker’s contribution has helped the company.
Granting telecommuting privileges or flexible hours can also be a strong incentive for your staff. Offering a vacation day can reward an employee and may pay off for the company – a refreshed worker will likely be more productive when he or she comes back to the office.
You can also tie a reward with an employee’s regular review, such as offering a public thank you. Using human resource management software to track employee progress will enable HR managers to privately note what workers can do to improve, but also give them a chance to publicly acknowledge employee accomplishments.
How does your company recognize employees who go above and beyond?