Incentivising staff - The non cash way!

“Show me the money,” “money makes the world go around,” “it’s all about the Benjamins” – there are plenty of expressions which tell us money is important. And, as a boss, you’re not stupid enough to assume the staff doesn’t care about their wage packet. Everyone has got to eat and put food on the table at the end of the month.

However, the idea pennies and pounds are all employees care about is false. Yes, they want a reasonable living wage yet they need other things too. If they don’t get them, they tend to bounce to find newer pastures and better opportunities.

So, focusing on the moolah might lead to an increase in the company’s turnover rate and cost the firm, you guessed it, more cash. Plus, output and productivity levels will drop as morale hits an all-time low. The key is to offer them well-rounded incentives, and here is a couple for your information.

1. Flexi-time

Life doesn’t revolve around work; it’s the other way around. With that in mind, give them the chance to be flexible outside of the office. Do they need to drop the kids off at school and pick them up? Fine, do what you need to as long as you finish your tasks for the day. The staff appreciates an understanding boss who knows that family comes first and not the office. Plus, nobody wants to feel their manager’s breath on the back of their neck. Flexi-time provides flexibility and autonomy, two incentives employees love in a role.

2. Compulsory Holidays

In the UK, workers are allowed 5.6 weeks’ worth of holiday entitlement each year including bank holidays. Twenty-eight days is the equivalent, and it’s a legal requirement of businesses throughout Britain. The thing is driven staff member feel as if they have to work their backsides off for the sake of the company. Although the entitlement is there, they don’t take it and opt to get paid out instead. Making allocation compulsory shows you care about their wellbeing. And, you should as burnout is a real thing which impacts standards.

3. Internet Connection

The average worker commutes 90 minutes to the office in the morning and at night. That’s an hour and a half they could be doing something else, such as going out for dinner or meeting friends for a drink. Sometimes, it’s not the boss or the workplace but the hassle of getting there on a dark, gloomy winter morning. An internet connection is the perfect middle ground as it lets them work from home without the need to travel. Almost every task is doable online thanks to cloud computing services, so don’t make them come in unnecessarily. Allowing home-based work will boost morale as it will cast you as a modern, forward thinking outfit.

4. Perks & Privileges

You can offer incentives to your staff without them being money-focused. At least, no cash has to change hands such as a Christmas or summer bonus directly. Instead, think about the extras, the things they have to pay for and provide them. Lots of businesses have a company car program as they understand paying for a vehicle and insurance is costly. Or, you might want to invest in their health by offering a free gym membership for employees. Even longer lunches and parking spaces hit the spot.

5. Shouting Match

As a rule, it’s vital that you don’t shout at people in a public place. As far as incentives go, a cool, collected boss is high up on the list as it creates a positive atmosphere in the office. Somebody who screams rules by fear and that causes employees to be unhappy and look for other opportunities. Plus, it undermines them in front of their colleagues. There is nothing like getting embarrassed by a person in a position of power to sink morale. When you need to bring up a problem, be sure to do it in your office behind closed doors.

6. Praise

On the flip side, staff members love nothing more than a pat on the back for a job well done. It proves to them that they are on the right track and people are watching their progress. As a result, employees who receive praise tend to work as hard as ever to catch the eye of the management team. You can even do it publicly with monthly awards. Forget about “employee of the month” because it’s flawed, but don’t dismiss “most improved” or single out an individual for going the extra mile. Those that don’t get it should strive to improve.

7. Training

Employees don’t want to feel as if they are stagnating. It’s no incentive to believe they are going backward or staying at the same point because their employer doesn’t care. They want to learn new skills and put them into practice in the office to keep things fresh. Also, it’s a symbol of career progression as training courses suggest there are new opportunities on the horizon. As an employer, you’ll get a more motivated, skilled and driven worker, so it’s a no-brainer. And, don’t forget about the importance of taking time out of their regular schedule to do something new.

8. Bonding

Christmas is on the horizon and your staff wants to let down their hair. Throwing a party is a fantastic way to let them have fun after a hard year. Plus, it’s an excellent opportunity for the whole office to bond. Pay for the catering, a few drinks and some entertainment and let them enjoy themselves. And, you don’t have to do it on major occasions. Organising trips to resorts and things of that nature throughout the year will maintain morale. Then, there are birthday parties to celebrate and lunches to schedule. As long as it doesn’t feel forced and cheesy, they’ll invest in the moment.

There are multiple ways to motivate your staff without money. The trick to effective incentives is to do your research and tailor it to the person. Parents will prefer flexi-time, career driven people will want the training and they will all like the praise.

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