Rewarding employees is an important part of keeping them around for the long-term. The problem is, not a lot of companies have the money to hand out raises on a consistent basis. Some are still struggling to break even, especially in this tough economy. Others are looking for ways to reduce payroll, not increase it.
With these factors in mind, you still need to consider how you will retain the best employees you have. You cannot, assume that they will stick around without some kind of incentive. So, how can you reward them without increasing their pay rate?
Offer Employees Different Work Opportunities
In some cases, you may want to offer a side project to an employee. This helps the employee to get a break from their day-to-day activities while also providing an opportunity for them to learn something, grow, and develop further. These side projects may or may not pay separately from their current job. However, this is a good way to keep the employee happy.
In some situations, it is a good idea to work on improving training. Training, in fact, can be a very powerful incentive for many individuals. By improving their skills, they may become more proficient at the tasks they provide to you. They may even be willing to take on new responsibilities and to become better role players in the company.
Give Employees a Break
Do you provide your employees breaks? Of course, you give them a lunch. You may give them plenty of time to walk away from their tasks. However, you may want to offer something different. For example, put in place a happy hour where you supply the food and drinks and they relax and unwind. These types of opportunities, where you can give your employees a break just as a thank you, can really help people to feel more appreciated. You can even approach a local establishment and rent it out for the night. Get everyone together to have some fun. It is not that expensive but it is an outstanding opportunity for you to interact with your team and say thank you.
Give Out Staff Perks
Do you provide any personal benefits to your team members? If not, you may want to do so. To make this work for you, it is a good idea to focus on what the individual needs rather than the group. For example, if you have a student working for you, pay for their books. If you are unsure what the staff really will appreciate, ask them. Stay in tune with their needs.
Though everyone likes a pay raise once in a while, that is not the only way to give your employees what they want. You need to offer them some type of reward or opportunity that encourages them to stick around and to keep working harder for you. Brainstorm a few ways that will help your business by helping your employees. You can also utilize the various perks offered by your staffing partner, Davis Staffing, to come up with creative ways for rewarding and recognizing your temps workers.