Best Employee Incentives To Boost Morale

Holiday Bonuses

In general, workers are more likely to feel happy and satisfied with their jobs if they believe the company values them. One way to do this is by offering monetary bonuses and other recognition-related incentives, such as wall of fame displays and personalized notes from managers.

Bonuses should be carefully chosen to avoid any potential compliance issues, such as inequitably rewarding high-performing employees with more than others. Also, the amount should be within your company’s budget and taxed appropriately so that everyone is treated fairly.

Free Meals

Employee incentives can help boost morale in the workplace. These motivators can include everything from free food to vacation days and even paid maternity leave.

While not every company can afford to offer employees a free meal every day, the cost of offering free meals at least once a week is affordable for many small businesses. Plus, it can be a great way to bring teams together while encouraging them to work more effectively.

Team-Building Activities

When morale drops, the first thing to look for is a lack of engagement in meetings or even silence during brainstorming sessions. Keeping teams engaged through fun team-building activities can help your team members feel connected to one another and boost productivity.

Organize team-building activities that get people moving and working together, like a company dance party or a scavenger hunt. You can also invite teammates to learn a new skill outside the office, such as sailing or jet skiing. The key to choosing team-building incentives is making sure that they are varied in type, on-site and remote, and effort level so that everyone can find an activity that appeals to them. 

Paid Time Off

There are many employee incentive programs that can improve morale, including performance bonuses, salary increases, recognition and appreciation programs, professional development budgets, motivational gifts, flexible work arrangements, profit-sharing plans, company-sponsored events or parties, and employee discounts. It is important to understand what motivates employees and adjust programs regularly based on feedback.