First and foremost a bonus or incentive is just that- a bonus. It should be used to reward good working behaviour. Cash incentives are often used to encourage staff to work harder but depending on the size of your team it could become costly very quickly. If you have a sales department who regularly receives commission then they may see this as boring and incentivising staff with cash can sometimes lead to a loss of camaraderie within the team as members become more and more competitive with each other. Below I list some other ways you can incentivise staff this Christmas while maintaining your bottom line and keeping good morale within your team.
Flexi time hours
If there’s one free incentive that you can use it’s this! Offer your employees flexi time in the run up to Christmas; let them leave early on a Friday to do their Christmas shopping or whatever they want, it is their time after all.
If you want to take it a step further offer the best performing employee the chance to have an extra paid day. Generally your best employee will be on time or ahead with their work so you won’t be missing out on deadlines or productivity, in fact you may well notice the productivity of all employees go up in order to try and win the prize.
Its an oldie but a goodie, as the saying goes and it doesn’t have to cost the earth! For a small to medium sized business there are many options when it comes to throwing a staff party. Send an email round in the run up to the last day telling people you will have a party in office hours (if you don’t break for Christmas then choose a day that suits you and your employees), ask staff to bring something in to help share the cost, chances are they won’t mind as they’re getting an afternoon off work but be mindful of alcohol, especially if you have employees under the legal age or who drive to work.
Alternatively, look into bars and pubs, which offer free hire. Your staff don’t have to know it was free and if you’re feeling really generous the first drink can be on you!
There we are, a few ideas on how to give your staff a little extra this season without ruining your bottom line. Now seems a good time to explain that incentivising staff (much like a dog!) is not just for Christmas. Having schemes in place which regularly reward quality staff will help keep their attitudes towards work and productivity at the top.