Reminding your employees that they are doing a good job is important and an essential piece of becoming a great leader leader and can increase small business revenue.. This can be done in a few different ways. You can have some friendly competition within the office for gift cards or other items. It can be something like who gets the best sales or who has the best customer service, you just adjust the goal to suit the kind of business you have. You could also implement a bonus program that is seasonal or maybe even a surprise to your employees. Things like a little extra cash in their check can make an employee feel like they are going in the right direction.
Executive Dinner
When an employee has done something particularly noteworthy like having an innovative idea that improved the business, reward that person with a lunch or dinner out with the owner, where you can take some time to get to know the employee better. Investing time (and a nice meal) in a rising star can be a meaningful gesture and help owners get to know who might be a good candidate for a promotion in the future.
Company Outings
If you’re looking for a big boost to morale, a company outing could be just the ticket. You’ll want to organize a trip that will be enjoyable for everyone. Posting a questionnaire to your employees with different choices is a good way to determine where to go. Since this trip is for your employees, you’ll want to make sure all expenses are paid. If you’re looking to take it a step further, allowing families to join is a great way to endear yourself to your employees. Company outings don’t always have to be big events. Taking your employees out for a nice lunch or dinner can be enough to lift their spirits. It’s also something you may be able to do more often than a large excursion.
Charitable Donations
Have your employees choose a non-profit organization to help, then make a donation when your employees meet monthly sales goals or other benchmarks. Giving money to a charity that an employee supports can be seen as a kind of bonus in that employee's eyes.
Break Room
Something as simple as upgrading the vending machines in your break room can make a big difference in a work environment, having a variety of drinks and healthy snacks will ensure your employees stay energized and will not have to leave work to purchase these items. Some key items for a great break room include a microwave, toaster, coffee machine and a refrigerator. These are items that will allow your employees to save money on lunches and make them comfortable while on their breaks. Providing entertainment with a television and even table games is great way to enable your workers to take their mind off of work for a moment and relax. You’ll also want to include comfortable seating and plenty of table space for them to prepare meals.
Most rewards cost money in some form or fashion. When profits are soaring, this is no problem, but employees must be rewarded and motivated even when costs eat away at profits or other circumstances outside everyone's control make the financial picture tight. Employees understand when reward programs must be cut back until the bottom line improves, but a business cash advance can keep simple reward programs going until sales initiatives come to fruition or new inventory has a chance to sell. Employees will likely appreciate being rewarded even more when they know it's a sacrifice on your part, and it will have that much more meaning.
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