In the changing global world where more and more people are travelling, and exposure to international markets is at its optimum, employees need more than just money to stay motivated. A comfortable workplace environment, flexibility on time, employee-friendly policies and gift certificates are just a few additional enticements to keep people happy.
Specific, tangible and noncash—the best incentives you can use to bring the best out of your people
Incentives and benefits are very important to keep your employees motivated and to retain your top workers. They are a great way to show that you recognise and appreciate your employee’s efforts and that you would like them to continue their good performance. Our list of 10 incentives will not only keep your employees happy but will also validate their worth to the company.
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1) Flexible schedules
Flexible schedules once or twice a month are a great way to reward best performers. On these days, an employee can log in and log out as per their convenience. This shows that you have faith in your employee’s ability to self-manage and get things done on time. If your company policy allows it, you can also give them a work-at-home option once or twice a month.
2) Gift them a stay at a luxury hotel
Another great way to motivate your employees is to gift them a stay at a luxury hotel. This will not only make them feel valued, but it also allows them to kick back, relax and unwind. The gift voucher must also include their spouse or partner so that they get to spend some time with their loved ones.
3) A parking spot that is close to office
Have you parked your vehicle 2 or 3 blocks away from your office because you couldn’t find parking space close to work? If yes, you know that your employees will value a parking lot that is close to the office or is on the office premises. You can reward your star employee by giving him or her a prime parking spot for a month. You can keep a parking spot for this very purpose and rotate it among your star employees.
4) Online shopping vouchers
There is nothing better than gifting your employee an online shopping voucher so that they can buy something that they want. You can gift them an Amazon or Flipkart voucher for a specified amount. A little bit of shopping always cheers up everyone.
5) Treat your team to lunch
Bonding over food is a great way to build a rapport with your team and show them that you appreciate their performance. You can either take them to a restaurant for a meal or just order a few pizzas or doughnuts. Either way, your team will have fun and feel valued. If you want to acknowledge a single employee, you can mention it during the team lunch to convey your appreciation.
6) A spa voucher
With hectic schedules and looming deadlines, there is a tendency for employees to be stressed and overworked. A great way to reward a hard-working employee is to gift them a spa voucher. After all, who doesn’t like to be pampered in a tranquil ambience?
7) Thank you notes
A simple and easy way to show your appreciation for good work is by giving that employee a personal handwritten note. The note can mention what sets that employee apart from his peers and what was his or her value addition to a project. In this hectic and automated world, this personal gesture will definitely be appreciated and make an employee feel valued.
8) Acknowledge an employee’s performance through a company-wide email
Acknowledging an employee’s excellent behaviour or accomplishments before their peers is a great way to encourage them. An easy way of doing this is to send a company-wide email or an email to the entire team. Your employees will feel amazing knowing that their performance has been acknowledged.
9) FREE movie tickets
Movie tickets are a really fun way to reward good performance. It is something that your employees will look forward to as it gives them a break from their hectic routines and they get to chill out with a bucket of popcorn.
10) Feature your star employee in the company newsletter
Featuring a star employee in a newsletter is a great way to appreciate and acknowledge top performers. Employees feel empowered and get motivated to perform better when they are recognised in front of their colleagues or peers.