What are the best ways to reward your employees? The first idea that springs to your mind are likely to be money. Of course, financial benefits can be appealing for many people but it isn’t the only option and there are plenty of other ways to show you care. In fact, only providing financial incentives can suggest to employees that you don’t actually think too deeply about their needs.
In this guide, we’re looking at non-monetary rewards that you can potentially issue for your employees to keep them satisfied in their job, and allow them to grow.
Send Out Personalized Tangible Gifts
Physical gifts can be a nice thing for your employees to receive in the mail. Uniform branding can also turn them into a powerful tool for promoting your business. If your employee decides to wear their gifts in the gym or take a personalized pen out and about with them, there is a chance that you can increase the visibility of your business, plus it is nice for employees to have.
Is your employee getting the most out of their job at home? Is their workstation set up correctly and is it satisfactory for the job they are doing?
A lot of employers see the benefit of providing workstation support and allowing their staff to ask if they need help setting up a home office, this is likely to make them more productive. Support could also mean that if your employee needs someone to talk to, they know they have an option to contact you from their workstation. For example, Shopify allocates a $1,000 budget for home office furnishings to each remote employee, ensuring that everyone has a suitable workstation, and this kind of approach is crucial especially now when hiring remote workers is a trend and necessity.
Flexibility at work and Extra Time Off
According to a Gartner report, increasing flexibility in working hours is the most significant element that enhanced their productivity in 2021 for 43 percent of remote employees. It doesn’t cost much to be flexible with your employees. In some industries, this is a challenge, especially things like medicine and in industries where people make strict appointments. However, if you are in an industry where it doesn’t matter too much when things are done, as long as they get done, you can be flexible. If your employee needs time to pick up their children from school, they will probably be delighted if you are flexible enough to let them.
Celebrate Their Success, No Matter the Distance
If a team member does something well or achieves success then it is a good idea to reward them and celebrate. In a remote environment, this can be harder, but it makes sense to organize a meeting to congratulate and reward that person for their hard work.
Even if you aren’t offering financial rewards, it is good to make sure your employees know they are appreciated and this is likely to make them far more motivated in the long run.
Online One-on-One Time with Management
It can be frustrating for employees to feel like they are so far out of the loop. Remote working is good for a lot of reasons but it can make it hard to feel connected to the management and stakeholders in any business.
As management, it makes sense to take the time to talk to your employees, there is also a lot you can learn from doing so. How can you help your team to grow and make their life more straightforward and productive?
Growth or Learning Opportunities
Most employees are not happy just stagnating in the role, and want some way they can grow as a person, either professionally or in their personal life. Growth and learning opportunities are one of the best ways to show that you care. Perhaps you could allow employees to sign up for courses within the company or work on their personal development on company time. Ultimately, this may help you to create more well-rounded employees.
Not everybody wants to head up a team, for instance, but this is not the only way to lead. Provide people with responsibility and the option to lead and they will likely thank you for it. There is the potential to allow people to grow professionally and work towards promotions by creating leadership opportunities for them, and this also helps to cultivate new relationships between your employees who have to communicate in order to get the job done.