What Steps Can I Take to Fit Employee Awards Into my Budget?

Employee recognition programs are proven to increase your employees’ satisfaction with their jobs and their loyalty to your company. But if you’re middle management, you probably have a budget to work with, and it’s probably pretty tight. That doesn’t mean you can’t still figure out a way to do it. A big way to reduce the cost of an incentive program is to forego hiring a company to do it for you. With a little online research and a few questions to your employees, you can design your own program that’s perfect for you. Another big thing is to know where to look for unique corporate gifts that can fit any budget – something Gilson’s is great at. Also, don’t forget to look at the tax benefits of having one of these programs, because some are exempt from payroll taxes.

Why You Should Find the Space to Implement an Employee Awards Program

Why is it so important to consider adding employee awards to your budget? The answer is twofold: employees want them, and they’re proven to be successful. Almost 60% of employees think incentive or reward programs are the best way for superiors to improve employee engagement. Employees also say they’d be more productive if they were recognized regularly, but studies vary from 40%-69% for estimates of what percentage feel this way. 63% of employees who are recognized regularly are very likely to stay with your company long-term.

Recognition Award Ideas for Your New Employee Incentive Program

Nowadays, you can find almost any type of corporate gift, from digital gift cards to company swag to acrylic trophies. Do your research and find what’s right for your new program. Just remember the two most important things any gift or award should have: it should be (1) personal and (2) unique.