Cheap Payback

How do you go about rewarding your employees when there's just no money to spare? If you can't afford to be handing out bonuses or gift cards whenever one of your employees does a bang-up job, what do you do? Do you just decide that once things get better, you'll give them a raise. Or do you do nothing at all? If you're the latter, shame on you.

There are ways to reward your employees without breaking the bank. There are really two paychecks that your workers take home. They're physical paycheck is the one that you're aware of. Sometimes you're painfully too aware of it. However, what you may not know is that each of you're employees also takes home a mental/emotional paycheck. This is the one that you need to work on when the money's not flowing freely.

If an employee goes out of the way to do something for the good of the business, it's amazing how far a bit of recognition can go. Just simply recognizing his/her good works will be a bonus on the mental paycheck, but if you really want to make them feel good, give them some public recognition. If you do it in front of their co-workers, it may inspire them to go out of their way too.

You can also take the opportunity to find out more about your employees. Take them out to lunch or coffee and talk to them about their dreams, visions, etc. If you go this extra mile, you can expect that your employee will be flying high for quite a while. I'm sure you can think of some ways that you can reward them in your own special way, but whatever you do, please don't make the mistake of just not doing anything.

The Bizfisher