GennGlobal gives creative ideas on how to reward your employees when your business is on a budget

1. Thoughts
and
inspirations
from
“WAYS TO REWARD
YOUR EMPLOYEES
WITHOUT SPENDING
MONEY”

3.  One of the many dilemmas small business owners face
is rewarding their employees when on a tight budget.
 You may feel that your great employees deserve a raise
or a bonus during each of their performance reviews,
but your business may not be able to afford such a
reward.
 So what is a small business owner to do?
 Next, we will explore a few ways to offer your
employees rewards without having to spend much
money, if any.
INTRODUCTION

5.  There are several completely free solutions to this
dilemma.
 One way is to offer increased flexibility to your
employees in the form of flexible work hours or allowing
them to work from home. However, if your business
doesn’t already have defined rules for working
remotely, this should be discussed first.
 Another option is to publicly acknowledge the good
work of your team. This may take the form of sharing
kudos with your entire team, or including shout-outs in a
company newsletter, either internal or external.
FREE SOLUTIONS

6.  Other free solutions include:
 Allow your employees to bring their pets to work.
 As an alternative to a promotion, give your employee a new
and improved job title.
 Write your employee a hand-written thank you letter for all of
their hard work.
 Create a “wall of fame” or curated collection of “employees
of the month” where you regularly reward the very best on
your team.
FREE SOLUTIONS CONT.

8.  Sometimes, you do have to spend a little money for a
good reward. However, the following suggestions
shouldn’t break the bank.
 Purchase tickets to the movies or the theatre
 Bring your employee a birthday cake on their birthday.
 Upgrade their office chair!
 Encourage your employees’ professional passions. This might
mean purchasing them a membership to an industry-relevant
organisation, or sending them to a conference as a
representative of your business.
CHEAP ALTERNATIVES