Flexible and personalized rewards can motivate and engage employees when executed correctly.
According to Achievers Workforce Institute (AWI), employees appreciate recognition in many forms, with travel experiences, merchandise, and gift cards topping the list.
AWI also found that employees who value their available reward options feel 61% more connected and recognized in their work.
The following 20 employee reward ideas may help companies to boost morale and engagement among employees.
Communicate with employees to ascertain which rewards will be valued the most, as what one employee may consider a reward, another may not.
Offering cash or gift cards gives employees versatility when it comes to how they spend their rewards.
Digital recognition, personalized handwritten notes, peer recognition, and charity donations can be powerful because they offer individualized appreciation.
Flexible work schedules including flextime may help employees balance daily obligations with their work lives.
Investment in employees’ wellbeing, coaching and professional development, home office upgrades, and the provision of tech gadgets may amplify loyalty and productivity.
Rewards can also include team-building activities like pet day and catered meals.