Personalised rewards are one of the most effective incentives to offer your employees. But why? Everyone wants to feel special, so when an employee receives a gift that is personal to them, it shows their manager has gone out of their way to give them something meaningful.
Every organisation strives to offer custom employee benefits because they provide the highest ROI. Nothing is worse than rewarding an employee with a crate of beer only to later find out they don't drink. In fact, an experience like this can actually do more harm than offering no reward at all.
Fortunately, though, Perkbox can avoid all of that. It includes a points-based reward system where managers send points with a special recognition message. Employees can redeem the points right away or save them for something special. The more points they have, the bigger the reward they can claim.
Moreover, Perkbox also includes an entirely separate custom rewards feature where managers or HR can add custom rewards. These rewards could include an extra day of annual leave for birthdays or a free Friday lunch.
Financial rewards are extrinsic motivators and often include things like bonuses and gift cards.
Giving your teams the opportunity to save money every day is a huge reward. With Perkbox, everyone gets access to thousands of discounts, deals, and freebies, ranging from cinema tickets to hotels and days away. There really is something for everyone.
This is especially helpful for anyone working from home. Something as simple as an ergonomic mouse or mechanical keyboard can make all the difference in terms of productivity and motivation.
We recommend waiting until a certain amount of people have been rewarded with a ticket and then sending the group for a spectacular dinner together.
Get them a small but beautiful desk plant. Succulents are particularly hardy and don't require too much care and attention.
Perkbox offers thousands of rewards covering many categories, including beauty, DIY, dining out, experiences, and more. Because it's a points-based rewards system, employees can save their points for a bigger reward or spend them right away on a small treat.
Learning and development rewards are an investment in an employee's future and are especially valuable to those who value progression.
A subscription to an online learning service is a solid option for an employee who prefers self-guided study. A one-off conference may be more suitable for someone who just wants a refresher and prefers meeting others in person.
If product changes are not feasible, focus on implementing an idea that can positively impact the employee experience.
Ambitious employees may be eager for annual or quarterly reviews, especially when working towards a promotion. A mock review can offer valuable feedback and meets their needs halfway.
Lunch and learns are a great way to keep teams learning without interrupting the workday. How about running Ted Talks in the break room at lunchtime? For a more engaging approach though, consider a speaker.
A dedicated hour with the CEO can be a huge motivator for employees who want career advice. We recommend waiting for a few employees to receive this reward before holding a meeting.
Lifestyle rewards contribute to an employees' wellbeing and are less about financial incentives. However, there is often an overlap between the two.
This is useful for all employees regardless of their stage of life, whether they are starting a family, buying a home, or planning for retirement.
A reward like this is an excellent example of how incentives can benefit an employee on a more personal level. This is why rewards are important for every workplace, as they add value to the employee experience.
Giving your employees the option of choosing a service or product that can benefit their health is a great way to promote employee wellbeing. They could spend it on gym classes or treat themselves to a new pair of running trainers.
This is another way of offering leave as an incentive, but the benefit here is that because it's always a Friday, everyone in the office can plan accordingly when the person is away.
Similar to an extra long lunch, but is targeted to employees with busy mornings. Maybe they’ve got school drop-offs or a long commute? A few extra hours in the morning to themselves would no doubt be appreciated.
Allowing employees to do something for their favourite causes shows that their organisation takes their corporate social responsibility seriously.
Many dog-related charities (think RSPCA or Guide Dogs Australia) do corporate experiences by bringing puppies into the office for a cuddle.
You can book these in advance and even organise a shuttle service directly through Red Cross.
Organising a donation drive or bake sale for a charity close to an employee's heart is something they'll remember forever.
Social rewards are an effective employee incentive and are also an opportunity to invest in company culture.
Employee of the month seems obvious, but it often falls away because it requires some organisation behind the scenes. To keep it top of mind, use every manager meeting as an opportunity to discuss who star performers are.
Choosing the next social event is a huge privilege and many employees often want to have a say. So, making it part of a reward system is a great way to incentivise teams.
If an ambitious team member wants to know more about how the business works, inviting them to a senior meeting will boost their motivation.
Reward the whole team by letting them choose a team experience. Examples are an extended team lunch or a fun day of team-building activities.
Profile an employee on the organisation's LinkedIn page. Making mini-monthly employee press releases helps present a solid company culture to those outside the organisation and could attract new talent.
Perkbox is a comprehensive employee experience platform with everything you need to motivate your teams. From reward and recognition to wellbeing and culture, all key employee touchpoints are targeted.
Additionally, the custom reward feature keeps all your unique company rewards and Perkbox offerings together in the platform, increasing both usage and employee satisfaction.
Because of this, your teams get access to thousands of perks and benefits, and an ever-expanding library of wellbeing content all from one app.
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