Employee recognition programs have been around for decades, and it's easy to see why. When recognition programs are planned intelligently and implemented with care, they're a proven method of enhancing performance, increasing morale and building employee loyalty.
And the best part – for small businesses especially – is that recognition programs don't necessarily have to be costly. The idea and the spirit behind the programs – the mere fact that a company is singling out and showing gratitude toward employees who are doing a great job – can be as motivational as the material rewards that may be given.
Here's a list of some of the popular rewards that are in place at small businesses today:
- Time off or extra vacation days
- A note or letter of appreciation from the company president
- Dinner (for two) at a local restaurant or a group lunch for an outstanding department
- A designated employee-of-the-month parking spot
- A photo and brief article in the company newsletter
- A press release to the local newspaper
- Inexpensive plaques or paperweights
- Special gear (T-shirt, tote bag, etc.) with the company logo
- Movie tickets