Don’t Break the Bank – Inexpensive Employee Rewards Programs

1. Certificate of achievement: Honor the employee how acquires a unique acknowledgment, give him or her an extraordinary nametag and also a certificate that articulates their achievement.

2. Thank you meeting: A sincere word of thanks costs nothing and is very effective. Saying thanks about something specific may be the ultimate reward. The words “thank you” are powerful. And sometimes all you need to do is to say it sincerely.

3. Wall of Fame:  Create a wall of fame for each recognized employee. Make a point to compose underneath their photo what they did that you’re remembering them for.

4. Company apparel: Offering employees free company apparel and other logo merchandise can be one of the simple employee rewards programs.

5. Recognition in front of peers: Feature your representatives accomplishments by recognizing them in an organization meeting, bulletin or on your organization Intranet site.

6. Department recognition bulletin board: Consistently a designated bulletin board highlights their duties regarding the affiliation, the individual employees, their most noticeable achievements, etc.

7. Secret Santa-style appreciation: Use the “Secret Santa” concept. Have all employees draw a name of another employee. They would then identify an achievement/contribution particular to that person and send an anonymous note of appreciation.

8. Work-from-home day: Remember significant events in your employees’ personal lives, and give them a work-from-home day so they can participate without worrying about coming into the office on time.

9. Sticky Notes:  Post a sticky note on their monitor, expressing profound gratitude and saying why. Simple, yet compelling, when it’s authentic.

10. Standing O: Get all your employees together in the same room. Then welcome the employee you’re recognizing and give him or her an overwhelming applause.

11. The Morphing Trophy: Get a big trophy and give it to the employee you are recognizing for the week. At the end of the week, they must return the trophy but they need to add one thing to it. Then next week give it to the next winner. At the end of the year, you’ll have a trophy with 52 things stuck to it. It looks crazy and has lots of memories. At the end of the year, retire the trophy and put it in your reception area. Do it every year.

So which one are you trying out for your team?

GOT A MARKETING CHALLENGE AT HAND?

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    Abbott India Ltd

    Challenge: Managing end-to-end incentive program for distributors efficiently.

    Solution:

    1. RewardPort registered addresses and email ids of all distributors by getting a form filled with their company seal & signature and digitizing it
    2. Created reward catalogue for 5 slabs with 4 gift options in each slab category
    3. Deployed an account manager and operations resource for timely MIS & escalation management
    4. Created a full-proof reward delivery system eliminating pilferage of gifts and theft/misuse by parties
    5. Created periodic schemes for retailers- free recharge on billing of Digene products

    Program mechanics: We receive a data file from Abbott team with address and gift option details of the qualified distributors every month. Tangible gifts are dispatched directly on the addresses and e-vouchers are emailed on their registered email id.