101: Employee Perks
In our recession-affected workplaces, little things can mean a lot. With challenging fiscal limitations, it takes creative thinking to figure out how to retain high-performing personnel and let them know they are appreciated — without breaking the company’s budget.
Here are some ways to boost morale and keep valuable workers on the job:
Make incentives incremental. Cash bonuses may not resonate if they are quickly used to pay bills, and forgotten. Ross Lucas, supervisor at at the Harbor Court Hotel in San Francisco, Calif., offers employees poker chips when a customer reports great service. The chips can then be cashed in for gift cards to stores and restaurants.
“It motivates them to work towards something,” Lucas says in an article on www.Bnet.com. Though the incentives are small and gift cards amounts don’t exceed $25, they work because they’re incremental, Lucas says.
Play the trading game. See if you can barter perks with another business, like a coffee shop, dry cleaners or car wash, says an article on www.Entrepreneur.com by Rich Mintzer.
Maybe you can make a deal where your businesses swap services or discounts on a regular basis, so no money has to change hands and workers on both sides get diverse perks.
“This provides low-cost perks for two businesses,” writes Mintzer.
Everyone likes food. Making meals convenient keeps workers more focused and in the office. The ways to facilitate these meals vary and offer great flexibility, but all send a message that staffers’ hard work is recognized.
“Meals might be a part of an employee benefits package, either through an in- building restaurant, meal account at a nearby location, or a once-a-week catered lunch,” details an industry article on www.CheckPointHR.com.
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