This week in the every Tuesday Club I talk about how we still need to recognise and reward good performance, even though we might not have as much cash in the bank. 

We also need to think about how we can make sure we retain our talented staff throughout the recession.

How can we do that?  We need to think more creatively.

We also need to also understand that our employees are looking for more than just dollars.

This is where we can look to research to see what else employees are interested in besides money to keep them happy.  Consider the following as alternatives to money as recognition.

·           Time – Time is very important to employees and something that is under recognised by managers.

·           Discounts – Look at what your business already buys in bulk and receives a discount for. Is it something you can offer to staff?

·           IT needs – Is there anything your organisation can do to help staff with their IT needs at home?

·           Financial advice – Can you arrange services for your employees?  This can help with stress and provide staff with a reward.

 

What are you doing to reward your staff?  I look forward to hearing more of your ideas and thoughts.

If you haven’t taken the opportunity to sign up to the Every Tuesday Club with MBE (Management & Business Education), then do so today by going to www.buseducation.com.