How Small Businesses Can Reward Employees Without Breaking the Bank

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

Recognizing employees doesn’t have to mean blowing your budget. Show your employees you care in a thoughtful, cost-effective way with simple appreciation.Everyone wants to feel appreciated especially after putting in long hours, tackling multiple projects, and going the extra mile at work. In large organizations, rewards often reflect a larger budget, coming in the form of vacations, cruises, and even company cars. Managers and directors of smaller businesses may feel they don’t have the budget to reward their employees and show thanks for their hard work. It turns out that notion couldn’t be further from the truth as you’ll discover in this article which highlights cost-effective ways (like glass awards) to make your employees feel valued.

The True Power of Recognition in the Workplace

It’s safe to say that employee morale matters. But did you know simple acts of recognition can go a long way to boosting productivity, workplace spirit, and employee engagement? In fact, a recent survey by BambooHR revealed that out of 1,000 full-time employees based in the United States, 75% of those who were recognized at least once a month by their manager reported job satisfaction.  The opposite is true as well with a lack of recognition or appreciation being one of the top reasons employees leave jobs. However, the fault doesn’t lie on managers alone. Globoforce reports that only 14% of organizations provide the tools managers need to recognize their direct reports. Yikes, that’s a huge gap that could be easily filled with some carefully-chosen glass awards, customized for each employee!

The Secret to Making Your Rewards Program Work for You

Small businesses have the advantage of a more intimate workplace, where employees know each other on a more personal level. This gives you the opportunity to personalize your rewards system. While the actual rewards system you create will be highly dependent on your organization and your employees, there is one universal first step: setting goals.

What do you want to achieve with your rewards system? Here are some sample goals to spark your imagination:

  • Achieve more sales
  • Increase employee tenure
  • Reduce turnover
  • Boost engagement
  • Improve brand reputation

A perpetual plaque is an excellent option for highlighting individual employees who achieve the most sales each quarter. To recognize an employee who has achieved a certain milestone of tenure, a personalized clear glass award goes a long way.

Ready to get started? Contact us to discuss our catalogue of customizable awards.