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