Whoever’s running a business knows that (happy) employees are the core of every growing company. However, keeping an employee happy is much more than a paycheck. In the era of Millennial-run entrepreneurship, where young professionals move through jobs more often, it’s more of a challenge to keep great talent.When your budget’s too thin for employee perk extravaganza, what do you do to motivate and retain your team members?
Here are five low-cost ideas that will help you show your employees how valuable they are to the firm:
1. Remote Work
Our definition of “the office” has changed. Stay current and gift your teams with some work flexibility via remote work time. With the technology advancements that are too advanced to keep up with, it’s easier than ever to work from wherever on the planet you want to be, as long as you’ve got a reliable internet connection. So, instead of nagging about your employees’ wanting to work from home today, encourage it. Let them find the ambiance they feel the most comfortable and productive in, and cheer them to work from there. When your employee feels great, they’ll work great, as well.
2. Travel Vouchers for a Weekend Getaway
Outstanding employees deserve to know they are great! Treat your all-stars to a voucher for a weekend getaway to a new destination they can drive too. If your budget doesn’t allow expenses like these, pair up with a tourist organization that’s willing to trade services.
Another option is to allow your employees to design their schedules (i.e., come to work when they want and leave in the same manner) as long as they fulfill their work and hours. Most employees will appreciate this benefit more than you know, especially if they’ve got families at home. Make “summer hours” a thing and let employees begin earlier and leave earlier to take advantage of summer fun once a week.
3. No Dress Code
Unless you are the Government or some other official public service, is a dress code essential? These days, people need to feel as relaxed as possible when they’re working, so make sure they do. Lose the dress code, and leave ties and suits for weddings and celebrations alike.
4. Lunch with Executives
People love public recognition, especially if it’s shared among their colleagues and friends.
Reward your superstar employee a lunch with you, a day at the golf course, or anywhere else you find fit to take them. Make this a unique one-on-one experience that’ll show them how appreciated they are and set a target goal for other employees to reach. It’s a win-win!
Treat your employees with respect, and you’ll get that respect back; show them they are valued, and they’ll be happy to stick around.
5. Branded Gifts that Recognize Employee Contributions
Many companies give employees apparel and branded gear to recognize completion of a team project, kudos for an event well done, or appreciation for people who go “above and beyond”. Builder Promotions has a collection of professional gear (briefcases, portable power, computer backpacks, writing instruments) and corporate branded Apparel which are all appreciated as gifts by your team members. Or develop a custom gift package to commemorate a specific milestone. Our BP Custom Shopper™ team can help you select the ideal gift(s) and packaging.
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