17 Low Cost Staff Retention and Reward Initiatives
As businesses continue to experience difficulties with staff attraction and retention these 17 simple low cost ways show your people you appreciate and value them.
- Movie Tickets.
- Gift Certificates or vouchers.
- Book of Stamps.
- A framed memento/letter/certificate.
- Inscribe a favourite book as a gift.
- Balloons decorated with appropriate messages.
- Purchase a plant or flower arrangement with appropriate message.
- Buy the person something to use in his/her hobby.
- Lunch-on-me voucher or take the person to lunch as a form of thanks or to mark a special event.
- Doughnuts, bagels, or rolls as an early morning starter.
- If your people are outside during the hot seasons (eg, Real Estate Agents) have Icecreams/blocks in the freezer for them.
- A “funny” trophy that is passed among team members based on “inside” criteria.
- Submit the person’s name for a Wall of Fame.
- Something engraved with the person’s name, such as a pen set, business card holder, plaque, or portfolio.
- Paid subscription to a professional magazine or newsletter.
- A small contribution to their favourite charity in the person’s name.
- Time-off; full day or half-day.