Alternative ideas for rewarding great workQuestion:
I'd like to reward my employees with a trip to the Bahamas or something like that for great results, but my business can't afford it. Is there a way I can show recognition without it costing a fortune?
Most firms give typical rewards: $50 to $100, plaques, certificates, two tickets to the movies, an all-expense paid dinner [minus liquor] or a round of golf. These are fine, but there are alternatives.
Here are some that can be used by just about any company. They should not be used to replace any bonus plans based on volume, production or sales improvement. Instead, use them for instant recognition for a job well done.
Most of these ideas do not cost a lot, but they do motivate the person because they are not the typical bonus-type awards. This is what helps make them special.
There are numerous similar types of recognition that I'm sure you can add to the list. However, the most important thing is that you commit to recognizing special performance and do it is an open and publicized way. Let people know who is being rewarded and why. Don't keep it a secret.
Do it. I'm sure you'll notice the difference, but make the recognition timely, right after the special act.
Bill Bryan is a counselor with the Service Corps of Retired Executives. SCORE offers counseling, workshops and seminars on small business operations. You can reach Bryan through SCORE, 515 N Court St. 815-962-0122, for information and appointments.
SCORE is a registered trademark of the Service Corp of Retired Executives
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