Thoughts and inspirations from

“WAYS TO REWARD YOUR EMPLOYEES

WITHOUT SPENDING MONEY”

One of the many dilemmas small business owners face is rewarding their employees when on a tight budget.

You may feel that your great employees deserve a raise or a bonus during each of their performance reviews, but your business may not be able to aff ord such a reward.

So what is a small business owner to do?Next, we will explore a few ways to off er your

employees rewards without having to spend much money, if any.

INTRODUCTION

There are several completely free solutions to this dilemma.

One way is to off er increased flexibility to your employees in the form of flexible work hours or allowing them to work from home. However, if your business doesn’t already have defined rules for working remotely, this should be discussed fi rst.

Another option is to publicly acknowledge the good work of your team. This may take the form of sharing kudos with your entire team, or including shout-outs in a company newsletter, either internal or external.

FREE SOLUTIONS

Other free solutions include: Allow your employees to bring their pets to work. As an alternative to a promotion, give your employee a new

and improved job title. Write your employee a hand-written thank you letter for all

of their hard work. Create a “wall of fame” or curated collection of “employees

of the month” where you regularly reward the very best on your team.

FREE SOLUTIONS CONT.

Sometimes, you do have to spend a little money for a good reward. However, the following suggestions shouldn’t break the bank. Purchase tickets to the movies or the theatre Bring your employee a birthday cake on their birthday. Upgrade their offi ce chair! Encourage your employees’ professional passions. This

might mean purchasing them a membership to an industry-relevant organisation, or sending them to a conference as a representative of your business.

CHEAP ALTERNATIVES