It is fairly obvious that the best reward a worker can get for his performance is a pay raise. After all, if it weren’t for the paycheck at the end of the day – or two-week period, to be specific – nobody would be working at all. Ultimately, the whole point of finding a job is to make money.
While it is important to periodically give employees a raise in order to prevent them from seeking higher-paying jobs, it is not the only way to repay hard work. After all, if every reward was an increase in pay, not many companies would be able to keep up with the pace and also keep the company bank accounts in the green. Fortunately, there are other ways to show your employees that their hard work is appreciated.
Get Them a Gift
A great way to reward your workers for their effort is to give them gifts. This can be anything from tickets to a show or sporting event to a gift card for a local restaurant – although, because so many people have dietary restrictions, perhaps a gift card to a store or would be a safer bet.
While gifts of all sorts will be appreciated, this is also a great way for you to give your workers something personal that they will actually enjoy, such as a Barnes & Noble gift card for an employee always talking about the latest book they’ve read, or a Giants coffee mug to a hardcore Giants fan. By showing thought in the gifts given, you have created an opportunity to build a lasting relationship with an employees and gain their trust and loyalty.
Paid Days Off
Another good way to show your employees how much their hard work means to you is by giving them extra days of paid vacation. There is nothing like being free to spend a day doing whatever you want and know you’re getting paid for it. This could involve increasing the number of paid vacation days employees are allowed to take each year as well as allowing them to choose a random week to go away. For a personal touch, you can suggest letting them take off for an important date, such as a birthday or anniversary.
Unlike a raise, bonuses are a one-time deal, but are no less appreciated. Particularly around the holiday season, giving bonuses to employees is a great way of saying thank you. While it is a monetary gift, also unlike a raise, a bonus is less about the number of zeroes on the check and more about the time you as a manager took to find money in the budget.
An Actual Vacation
There are rare occasions, such as an employee’s 25th year of employment or the completion a project that made your industrial cleaning company millions, where a grander gesture is called for. A great way of saying thank you is not just by giving a monetary bonus or an extra week of paid vacation, but by giving an employee an actual trip, such as to a resort where they can spend a week getting paid to travel and relax. Traveling is a luxury that everyone appreciates, especially being able to do so at no cost. Bonus points if the trip is for two so your employee can take someone along.
Whichever reward you wish to make use of, whether it’s a specific one or a combination of all of these, rest assured that there are ways of saying thank you that don’t involve giving your employees a raise.
Savannah Marie is an online marketing and social media junkie. She is the editor of Mixios, which focuses on online marketing, business and social media.