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100 WAYS: #12 Reward Employees With Non-Cash Compensation
– April 14, 2010

100 WAYSStudies have shown that employees desire recognition for the work they perform. Here are a few simple ideas that can show your appreciation without providing cash bonuses.

  • Provide awards that can keep on giving. An Ipod or camera generates a positive reminder every time it is used and a vacation can generate memories for years.
  • Provide a spontaneous family dinner for husbands and wives. Getting to be friends with co-workers builds morale and reduces the temptation to leave.
  • Have a drawing for a prize that any employee can win if pre-established company goals are met. This way all employees feel recognized.
  • Send the spouse of an employee who has won an award a letter of appreciation and a certificate for a dinner for two.

And remember that a simple “thank you” for a job well done can go a long way.

 

Walker CoburnWalker Coburn
318.429.2109

wcoburn@hmvcpa.com

Walker is a Senior Auditor in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.

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