Managing a company can be challenging, but rewarding your employees for their hard work is the best way to keep them happy and motivated. In this post, we will talk about 6 ways to end the year on a high note with your staff by giving them rewards that they truly deserve.
By Team Savant
Image: Jacqueline Munguía
1 Recognise Their Achievements
It is essential to acknowledge the excellent work your employees do, which should be done regularly. As their manager, you are responsible for telling them exactly how much they have helped out or what an impact they've made at work. This could mean giving public praise in front of everyone else and privately sharing it with each employee directly. When you show that publicly recognized achievements can result from working hard and doing good things, people will strive even more complicated than before because there's now an incentive to keep going and succeed further if possible.
2 Give an End-of-year Bonus
A bonus is always a great way to show your employees that you appreciate all the hard work they've done. It doesn't matter what size the bonus may be, as long as it's something extra on top of their regular salary. You can choose to give out bonuses at any time during the year, but many business owners prefer to do it near the end so that it serves as an extra incentive for employees to finish strong. It's also important to note that bonuses don't have to be monetary rewards; sometimes, giving employees a day off or leaving early on Fridays in December can be just as appreciated. The key is to personalise each reward according to what will make each employee happy.
3 Acknowledge All Contributions
In some cases, it's not always easy to determine who is responsible for a particular success or failure. This can often be the case in larger companies where teamwork is essential to getting things done. However, as their manager, it is your responsibility to ensure that everyone feels appreciated for their contributions - no matter how small they may seem. To do this, take the time to write personalized thank-you notes to every employee who has helped out in any way throughout the year. You could even go one step further and organize a small celebration breakfast or lunch so that everyone can come together and celebrate their team's accomplishments.
4 Give Gifts Or Coupons For Personal Use
One of the best things about giving gifts or coupons to employees is that you can choose whatever type of reward you think will be most appreciated. This could be anything from a gift card to their favorite restaurant, a voucher for a day at a spa, or even tickets to a show or maybe some online food shopping vouchers. The possibilities are endless, and it all depends on what the employee would like most. If you're unsure what they'd prefer, then ask them! Most people love getting gifts, but they also appreciate it when their boss takes the time to find out what they want.
5 Offer Flexible Hours Or Days Off During the Holiday
Another good idea is to allow employees some flexibility regarding their work schedule. This could be something as simple as offering them paid time off during the holidays to spend extra time with family and friends or even giving them a couple of days off here and there so that they can stay home if there's an ice storm in your area. By allowing sufficient notice for this type of thing, you're showing how much you care about not only their happiness but also their safety!
6 Let Them Work From Home
This is a newer trend gaining in popularity over the past few years, and for a good reason! Allowing employees to work from home occasionally can save them time and money. It also allows them to better balance their work and personal lives, which is something that more and more people are looking for these days. If you're not sure whether or not this would be a good option for your team, then ask them! Chances are, they will be more than happy to share their thoughts.
Employees are the backbone of any company, so it's essential to show them how much you appreciate their hard work. There are many different ways to do this, but the five methods listed above should give you a good starting point. Be sure to personalise each reward according to what will make each employee happy - after all, they're all unique and deserve to be treated as such.