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P.O. Box 1411 Bismarck, ND 58502-1411

 

 

September/October 2021

Reward Employees

Reward Employees

Employee incentive programs encourage excellence and promote worker loyalty that can help your company reach its business goals. As a small business, you may have to limit the number of incentives you offer, so it’s important to know what employees value most.


Incentives: What Kinds?

Some ideas to consider include:
  • Merit-based raises for meeting performance objectives

  • Annual bonuses to reward excellent performance

  • Small cash awards to recognize initiative

  • Referral bonuses for recommending a job candidate who is subsequently hired

  • Profit-sharing

  • Paid time off (PTO)

  • Professional development opportunities

  • Health and wellness initiatives

  • Flexible schedules

  • Tuition reimbursement

  • Team-building activities (team lunches, yoga sessions, outdoor events)


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