Keeping employees engaged and motivated is one of the most critical contributing factors to the growth and success of an organization. In this context, let’s look at the 10 best creative and low-cost ways to reward employees who work effectively.
1. Take them out for Lunch
2. Offer Flexible Work Hours
3. Provide a Wellness Plan
4. Paid Outings with Loved Ones
5. Offer Shopping Vouchers
6. Use Prize Tokens
7. Provide a Special Facility
8. Allow Choice of Project/ Assignment
9. Send Surprise Treats
10. Present a Thoughtful Gift
Combining good food and fun in a great setting can be an enriching and memorable experience.
Therefore organizations can consider rewarding their employees by asking their supervisors to take them out for lunch.
Employees can even be offered lunch outings with their families and loved ones at a place of their choice.
The concept of flexible work hours as a way of rewarding employees is also interesting. Rewarding employees in this manner enables the employees to manage their personal and professional lives more effectively.
They can schedule work flexibly, so that they can pursue their passions, thus enhancing their happiness and satisfaction levels.
With the costs of healthcare skyrocketing, providing a wellness plan can be a great choice for employee rewards.
Organizations should make sure that the wellness plan matches the healthcare needs and the budget of the employee in question.
This can ensure that employees can continue with the plan even afterward.
A sponsored outing with their family or friends is another way of rewarding their efforts and achievements.
So, employees can relax and unwind in the company of their loved ones. It also enhances their motivation levels significantly.
Organizations can choose to reward employees by offering them online or retail shopping vouchers.
So, it can help employees buy the products and brands of their choice.
Prize tokens are one of the most creative ways to reward employees and enhance their engagement and motivation levels.
Every time an employee does something worthy of being rewarded, they can be given a prize token.
These tokens can then be exchanged for specific gifts, based on the organization’s budget and employee expectations.
Providing employees with a special facility for a limited period is another effective way to reward them.
These may include pick-and-drop facilities, use of the executive lunchroom, or even reserved premium parking space for a limited time. Hence, they can create a great employee experience.
Organizations can reward employees by assigning them projects of their choice.
This can enable them to explore and learn new skills which can help them in their career advancement.
Most people love surprises and sending surprise treats is an interesting and thoughtful way to reward employees.
Sending treats such as snack boxes, flowers, thank you notes or even tumblers of their favorite drinks are great options.
Another innovative way of rewarding employees is to present them with something that they might have been craving for long.
These gifts may be related to work or might even be personal. However, the prerequisite is to understand what the employee wants.
Adopting creative and low-cost ways to reward employees helps in creating a highly motivated workforce committed to ensuring organizational growth and success with minimal budgets.
Lead author: Sagar Chaudhuri, the Co-Founder and CEO of HiFives. He is an HR Tech Evangelist with over 25 years of corporate and entrepreneurship experience. In the past, Sagar has worked with companies such as Genpact, Infosys, and ICICI Bank, in leadership roles. He has an engineering degree from IIT Kharagpur and an MBA from IIM Lucknow. Connect on LinkedIn
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