More pay equals more productive workers, right? Not exactly. A popular motivational theory suggests that this equation may not compute. What works better are things like recognition for a job well done or a new responsibility. Notice that neither of these cost money? Here are 30 ways to cash in on this idea and use non-monetary rewards to motivate your staff.
What might reward one employee could embarrass another. So the key to using this list is to personalize it. Pick the one that means the most to that individual. Choose from these categories:
Rewarding an employee doesn’t necessarily mean giving them more money. Consider these non-monetary ideas to reward peak performance from one of your small business staff members.