Rewarding Your Team’s Hard Work

Running a business is hard work. Managing a team is hard work. It can often feel difficult knowing what to do to be the best company owner and boss you can be. A huge element in this process? Making sure your team feel appreciated and letting them know that you see everything they do for the business’ success. Here’s some information on the benefits of this, as well as a few ways that you can reward your team’s hard work and achieve all these goals!

Why Reward Your Team’s Work?

Recognizing and appreciating your team can come hand in hand with a host of benefits for you and your business. Rewarding your team can result in positive associations with work. It creates an increased sense of loyalty to you and your business, which can create a more positive working environment and maximize staff retention levels. Positive work environments are also productive working environments, meaning that your team are likely to produce better results and drive more profits!

Gifts

Small gifts can serve as a great reward for your team. Often, people appreciate gift cards, as these can be used in a number of locations and can be used on something that your team member personally likes. Give your team a choice, or choose a generic card that can provide items that the majority of people will enjoy. Alternatively, they can be seasonal – you could send a ham to your team for the holiday season.

Charity Donations

Why not reward staff by donating to a charity of their choice? This can give your team member a sense of doing something positive in the world, donating to a cause that they actually care about. Of course, it’s important to make sure that the charity of choice aligns with your company values. You may want to provide a choice of charities, rather than free reign.

Cash Bonuses

Who doesn’t love a cash bonus? This works as a great incentive, as your team members will be able to use it on literally anything they want or need. This could be to help towards bills and outgoings for the month or a special treat. Of course, you do need to set a reasonable and appropriate budget for this.

A Team Outing

Have your team collectively performed well, hit a target or completed another impressive feat? You may want to organize a team outing as thanks. It could be a meal, an evening out or another form of group activity. Not only will this serve as a reward, but it can provide a great opportunity for team bonding and team building too!

Snacks

Who doesn’t love snacks in the office? Dropping a box of doughnuts or cakes in the staff room or staff kitchen can really brighten everyone’s mood. Alternatively, ordering pizza around lunchtime can go down well too. Just make sure to check everyone’s dietary requirements to make sure everyone is well catered to.

These are just a few ideas, but one or two should suit your team to a tee. Rewards really are important, so start implementing them sooner rather than later!