Monday, December 17, 2007

Low Cost Employee Perks

Looking for a way to reward employees without breaking the bank? I recently came across a (somewhat dated) list of 20 ways to reward employees without breaking the bank on Below the Entrepreneur's list has been summarized, although I think some of them would end up costing a business more than expected. Would any of them appeal to you as an employee or manager?

1 - Work from home days
2 - Family days
3 - Yoga classes
4 - Community service days
5 - Pizza Fridays
6 - Movie days
7 - Reward a top employee with vacation days
8 - Pass discounts on to employees
9 - Bring your dog to work day
10 - Free car washes
11 - Give employees discounts on what your business does
12 - Swap services with another local business
13 - Games in the break room
14 - Health club discounts
15 - Flex hours
16 - Bonus for referring new hires
17 - Continental breakfasts
18 - Pass on company perks
19 - Free seminars
20 - Holiday family parties

Personally, for employees that have to stay at work until the work is done and can't clock out at 5:00 if it's not. I think that anything that keeps people at work and away from their desk will cause problems no matter how fun or beneficial it is (so #3, 4, 6, and 13 probably wouldn't work for my business). The bring your dog to work probably isn't practical for 99% of the workforce. So, we have food, free stuff, and vacation. All pretty good options.

While most of the working world has switched over to business casual, not everyone has. If you work in a formal setting, a dress down day or two is always a welcome change of pace for most people. I think the swapping services with another business is a very good and cost effective perk as well that every business can stand to benefit from. It exposes other people to your business and lets you offer a reward to your employees for pennies on the dollar.

Do you have any favorites or ones that should be added to the list?

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