One way to motivate employees is to give them cash or cheque rewards. Such awards may be distributed in a small ceremony or through their pay checks, or a festival bonus. But does this reward program really work for you? When an employee has been long enough in your company, such rewards are expected. There is no wow factor involved here. There can be innovative ways to reward your employee so that the impact of the reward inspires the award winning employees and other employees as well.
A well timed gift – this has more impact, as the gift will remain with the employee unlike the money reward. Every time they see it, inspiration and motivation flows. Take the effort through an in house survey about the list of your employees’ favorite things and record the same. When you are gifting, check this list and plan ahead. You ought to time the gift according to any milestone of that particular employee in your firm.
Be innovative in packing and giving of the gift as well. Such gifting methods encourage employees to speak good things about your company in their social circles. A good gift given at a good time to your good employees, is money well spent.