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Kudos, Not Cash – Budget-Friendly Employee Recognition

Posted by HRdownloads on Feb 13, 2017 10:05:00 AM

Employees everywhere appreciate getting a monetary bonus for doing a fantastic job or burning the midnight oil. There is also no doubt that extra cash motivates many employees to apply themselves with extra effort at work. Although some employers offer bonuses, many simply don’t have the resources to provide financial rewards. When businesses are faced with tight budgets, they often need get creative to reward and recognize their employees.

Using creative non-financial incentives can just as effectively improve employee performance, and motivate employees to reach those all-important organizational goals. Most employees appreciate being recognized for their efforts, regardless of whether the rewards are financial or not. For many, just knowing that management is aware of their hard work and achievements is all they need to keep feeling good about and valued for their contributions in the workplace.

There really is no limit to how creative you can get with your rewards and recognition programs. Whether you have a very strict or formal recognition program, or a spontaneous method of rewarding top performers, there are always interesting and innovative methods you can implement to keep people performing their best.

In the end, it doesn’t matter if your efforts are on a small or a grand scale; what matters is that you put effort into recognizing a job well done. Download our Employee Rewards Guide, which includes helpful methods of rewarding your top performers, so they’ll feel their hard work is recognized and appreciated.

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Topics: Employee Engagement, HR Management

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