A big part of running a successful business is making sure your employees are happy. Them being satisfied means that they’ll be willing and able to work better, which benefits both the business and yourself. Rewarding your employees is one of the best ways to get them on your good side. Of course, the first way to do so that comes to anyone’s mind is money. However, if your business has been struggling a bit financially, you’ll probably not be able to give them appropriate monetary rewards. You’re not alone in this, and luckily there’s a solution. There are plenty more ways to reward employees without money, and we’ve put together a short list for you.
Give them some extra responsibility
Even though it may seem contradictory, giving employees more responsibility is sometimes a terrific way to let them know that their efforts and hard work are respected. It’s one of the most effective methods to convey your confidence in their skills and appreciation for what they bring to the table. You can help your employees reach their full potential if you take the time to sit down with them and find out what positions they’d like to grow into or where they’d like to learn. By giving them more responsibility, you’re showing them that you trust them, and trust is an excellent show of gratitude.
Freshen up the workspace
Most people benefit from working in a good-looking environment. If you want to switch things up in the office, you can start small. Try adding a few plants or moving the tables and workspaces around. However, if you’re looking for a more significant change and you can afford it, moving offices is also an option. Find a new office, put everything on paper by making an office moving checklist so you don’t forget to pack anything, and hire a moving company. Your employees will for sure appreciate a change of scenery.
Throw a party
One of the best ways to let your employees know you’re grateful for them is to celebrate their success. Throwing a party with that in mind is guaranteed to make everyone in the office happy. It doesn’t have to be some grand gathering, but you should still put effort into organizing it. You should make sure to check the time and date with everyone to make sure they’re free. This way, your employees will know you appreciate their time and are willing to work around it. It’s also a great tool for socializing and making sure that everyone gets to know each other better.
Provide learning opportunities
Getting situated in a 9 to 5 job doesn’t mean you have to stop learning. However, this is something quite a few people seem to forget about. They either feel too old to learn or just don’t think that’s an option anymore, which is completely wrong. A great way to reward employees without money is to get them opportunities to expand their knowledge. You can get them involved in different seminars, courses, and similar activities. Also, your employees learning new things is very beneficial for your business, as you directly profit from their abilities.
Give them a new job title
Even though a job title may seem like just a bunch of words, it’s much more than that. Having an important-sounding part of the title, such as “lead” or “director,” can be both rewarding and motivating. Not only will your employees feel appreciated, but they will also put in work to live up to their title, which can help you improve your business. This also shows them that you trust them and see them as serious coworkers. Also, they will feel important and more connected to the company, which is always a plus.
Give out words of affirmation
Verbal recognition is probably the easiest way to let people know you’re thankful for their involvement. It can be a simple hallway interaction with the words “good job” in it or a more formal conversation in which you express your gratitude. Either way, directly praising people is a great type of non-monetary reward. It’s direct, honest, and heartwarming, and it will ensure your employees feel like they’re a part of a supportive community.
Offer different lifestyle perks
It’s important to note that your employees have a life outside their work. However, that doesn’t mean that you, as an employer, can’t make that life easier and more enjoyable. One of the most common ways you can do that is by paying for a gym membership. In addition to making them happy, many studies have shown that physical activity increases productivity. You can also try to make a deal with a nearby restaurant and maybe get them a free meal during the day. Though these things may seem small, the fact that your employees have one less thing to worry about is going to make them feel appreciated. Finally, if a significant number of your employees are parents, consider organizing an in-office daycare. This will take a huge load off their shoulders, both mentally and financially.
Be more lenient with time off
If you’ve recently gone through a very busy patch, it’s understandable that both you and your employees are tired. They would probably be thrilled with the idea of being able to take a break. This is why giving them some extra time off is a great way to show them your gratitude. They can use this time to get on with everything they potentially missed due to work. Whether it’s hobbies, time with family and friends, or just some quality alone time, they will use the break to its’ full potential.
Conclusion
Money being tight is no excuse to ignore your employees’ hard work. A kind word or various perks don’t cost anything, yet they will be much appreciated. Of course, these two are hardly all there is. There are plenty of ways you can reward employees without money. Sometimes, these methods can be even more valuable than the monetary ones in the long run. Give your employees a proper reward, and they are guaranteed to be more satisfied with their work, which in turn makes the business bloom.