Meaningful employee reward ideas that don’t break the bank

Employees who feel valued and appreciated in the workplace are, on balance, happier employees. As a result, productivity is higher, targets are met with ease, and staff turnover slows down considerably.

If you are a small business owner or a team leader, you may be wondering about some positive ways to reward employees while remaining within a budget. Let’s have a look at some low-cost but effective ways to treat your employees.

Promoting team bonding

Setting aside a small budget to allow your employees to socialise outside of the workplace is worth its weight in gold in promoting team bonding. It is even more beneficial if you can have your staff decide where to spend the money; for example, it might be that they choose a meal out, a few drinks at the bar, or taking part in a team sport.

Charitable giving

More and more people are aware of our social responsibility to help those less fortunate. Involving employees in decision-making as to where you can support charities and other worthy causes makes staff feel valued and heard.

Edible perks

The adage that food is the key to many people’s hearts is no joke. Small treats at work, such as catered meetings or a lunch on the house once a week, go a long way toward boosting morale. It is easy to arrange office lunch catering through specialists such as https://www.crumbsdelivered.co.uk/shop/office-lunch-delivery/. Healthy, filling lunches also go a long way toward preventing that afternoon slump, boosting productivity.

Extra-curricular perks

Treating employees to tickets to activities outside the workplace is a great way to boost staff morale and reward great performance. You might consider offering tickets to a sporting event, spa day vouchers, or experience days for the whole team.

Financial support

Employers pay the wages, of course, but there is a great deal of benefit to be found in offering employees financial education. One-to-one financial coaching supports employees with future financial planning, maximising disposable income and investing.

Which ideas will you implement for your employees?