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