Don’t let budget constraints keep you from recognizing employees! There are ways to thank employees affordably and effectively.
Recognition isn’t optional! Be sure your company’s employee recognition programs don’t go dormant because budgets are tight.
Companies that forego gratitude risk losing employees. According to survey cited by Fast Company, a majority of surveyed employees say they would leave their current jobs immediately for a company that clearly recognizes employees on a regular basis.
The good news is, rewarding employees and motivating performance “does not always require a tremendous outlay of money,” according to Inc. Even modest recognition programs have an impact when objectives are strategically aligned with corporate business goals.
Maybe you’re thinking: But my company’s budget is really small!
Don’t worry! “The real answer is there is no budget too small. Even if you have no budget funds, a thank-you note, paid time off or a company-wide email recognizing an employee’s efforts can make an impact on employee engagement,” according to the UsMotivation blog post, “How to Budget for Employee Recognition Programs.”
Read on for six ways to thank employees effectively — and still keep your accounting department happy!