Finding the right type of perks to award staff members through rewards and recognition programs can be a bit of a challenge for companies.
Finding the right type of perks to award staff members through rewards and recognition programs can be a bit of a challenge for companies. It requires knowing their employees' needs and desires and matching it with those of the business.
One way firms can start thinking about how to reward employees is by looking at the examples of those in their industry and the broader professional world as well. What works? What's in the company's budget? What's likely to inspire staff members?
For example, Karos Health, in Waterloo, Ontario, recognizes its staff members in a unique way. It combines a number of employee incentives, including flexible hours, unlimited vacation time, hours off for volunteering and pets-welcome policy, The Record reports.
"This is an affirmation that we have accomplished what we set out to do," Skye Fleming, the company’s human resources manager, told the newspaper. "We knew what we should be doing. Now it has been affirmed for us."
Unlimited vacation time may be the policy that grabs the most attention. While the companies that can employ such a reward may not be a huge number, it does communicate a level of trust to workers that can increase productivity.