Employee rewards are essential for creating a successful, motivated and forward-thinking workforce, but studies have shown that money isn’t always enough to achieve that.

If you’re looking for creative and effective ways to reward your employees without always spending a lot of money, we’ve come up with some of the best options.

Many forward-thinking companies like to issue employee rewards by providing ways to learn and move up in the organization, because they realise that ambitious, intelligent individuals need stimulation and growth. You can do this by looking at the latest training courses. Or fun team building days that will help your employees build on their skills and develop their confidence in the workplace. You’ll reap the benefits and your employees will be happy and motivated – all of this thanks to proper 360 feedback techniques.

Sometimes it’s the simplest solutions that are the most effective, which is why many successful companies utilize the power of ‘thanks’. It doesn’t cost a dime to say ‘thank you’ to someone, and there are many ways to do this, such as paying a personal visit to their desk to say it in person, having someone higher up in the organization do the same, or sending a ‘thank you’ card or email.

Public employee rewards can go a long way to making your employees feel appreciated, which is why many companies choose to acknowledge their employees’ achievements at staff meetings. There are a number of ways to use public rewards, for instance you may want to acknowledge your employees in a team email, at a meeting, or have them mentioned in the staff publication if you have one.

Sometimes special attention is required for those who go above and beyond the line of duty, and many companies recognize this by inviting their employees to a special lunch where they can have some one-on-one time to talk about their future and what their vision is for your company. You could ask when they are free and then treat them to a special lunch at their chosen spot – taking an hour just for them will make them feel special and appreciated.

Nothing says you have confidence in your employees’ abilities by empowering them to do more and help them to develop within their current role with extra responsibilities. Forward-thinking companies do just that, and you can, too, by finding ways you can evolve your employees’ roles and allow them to expand their horizons by taking on more responsibility, and perhaps even giving them a new job title. They’ll feel like they’re moving forward in their chosen career path, and will be less likely to look elsewhere for better job opportunities.

Find People to Reward Using 360 Degree Evaluations

360 degree evaluations provide a great way of recognizing who should be rewarded for their hard work and efforts in your organization, and you’ll get real feedback from your employees. Contact Grapevine Evaluations to request a product demo today.