Human psychology says that we work at our best when we feel motivated. Leaders, across the world, have been maligned for their leadership styles. However, gone are the times, when a leader used to be about a stick and a whip. Leaders these days are about compliments and rewarding.
No wonder, this world has achieved a lot more in just the last 2 decades than it ever had collectively! Leaders are starting to understand the role of thought-out appreciation in keeping the team up and running. Appraisals and promotions happen in all organizations across the world, the best leader are often pondering on how can they be a bit more creative and generous when it comes to pouring their appreciation out. After all, a sincere thank you could help them foster deep relations with their team, and thus, enhance employee retention. But does it mean that you’ll have to spend out of your way into rewarding solutions? Nope, not at all!
Much like any other good thing in the world really, appreciation to doesn’t always have to be extravagant. Depending upon your financial and professional milestones, you could set out a specific budget for rewarding your employees.
Following are a few ideas to treat your employees:
- Gift cards:
Why should gifts be limited to birthdays and special events? Every time an employee of yours does you proud, gift them something they have wanted. The trick here is to not gift generically, but generously. It has to be a thoughtful gift for them to feel encouraged. You could make use of gift cards and coupons provided by verified online portals. To know more, click here!
After all, money is a great motivator, to put it mildly! You could keep weekly assessment rounds, where the best performer gets rewarded with a generous amount of cash. When your employees see a monetary reward added to their work, their productivity would increase.
- Travel perks:
If travel was free, no one would see anyone again! We would all just be occupied travelling. However, it isn’t free! But, you could reward your best employees with a fully paid trip to a place of their choice. This may sound extravagant, but hey, you want to keep your best people hooked to you!
- Shopping vouchers:
Don’t know how to treat your employees? Well, you need not worry about it with shopping vouchers! This way, you gift them a heavy discount and a choice on what they would really like to take home. With these vouchers, it’s on them to use it! Food or fashion outlets, gaming zone or retail stores – you could pick out the vouchers that best fit your employees’ lifestyle choices.
- Gift experiences:
Science says that the human mind remembers and enjoys experiences better than materialistic pleasures. Why not send your best employees on a trip to Disneyland? Or find out what is the craziest adventure sport they want to indulge in? Snorkelling, scuba diving, bungee jumping – whatever it is, why not be the person who brings their wildest dreams to reality? Moreover, you could also go for more mellow experiences, such as gifting them a spa retreat or tickets to their favourite movie.
- Verbal rewards:
Last but not least, they say that money can’t buy the best things in the world, and this is true for verbal recognition. A sincere compliment would mean a lot to them, especially coming from their boss. Great leaders are expressive and generously put others in the limelight for their achievements. You too should appraise and acknowledge your best employees with your words.
We hope this article has given you some good tips on how o go about rewards and acknowledging your employees. Happy leading!