Creative Rewards on a Budget

Guest post by: Allison Grace
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Performance Review Disagreements - By Allison Grace

When cash is tight, business leaders may need to get creative to attract, retain, support and fully engage key employees. The following suggestions require minimal investment but can represent sustainable alternatives that truly satisfy what employees need and want. Flexible Work Options - There is a tendency to over-manage these arrangements, and many business leaders chafe at the idea of allowing employees to work flexible schedules, telecommute or take sabbaticals. Organizations have often handled requests for flexible work options on a case-by-case basis, with no formality to the process. Managing employees based on performance results, and allowing them to propose and manage their own flexible work programs, can ease the burden that is placed on business leaders to control these arrangements and satisfy the work/life balance that many employees are seeking.

Career Development - If you don't have the funds for formal training programs, look internally at ways to provide learning opportunities for your employees. Give stretch assignments to your top performers and give them cross-functional roles that will allow them to increase their skills and knowledge.

Instill Pride and Purpose - Employees want to feel proud of their company. Many employees are motivated by the opportunity to give back to the world, and seek out employers that allow them to do so on company time. Get your company and employees involved in volunteer activities that will refresh and reinvigorate your employees' minds and souls and make them feel good about working for you.

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Performance Review Disagreements - By Allison Grace

About the Author: Allison Grace

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Allison Grace, CEBS, CCP, CMS, is President and Founder of Instant HR Solutions and a human resources professional with more than nineteen years of experience. As a consultant, Allison has worked with companies in various industries including hedge funds, technology, oil and gas development, recruiting and accounting. Combined with technical training and professional certifications, Allison’s practical experience includes working in all aspects of human resources to establish HR programs that support the strategic objectives of the business. Her extensive experience includes benefits, compensation, legal compliance, performance management, employee relations, recruiting and termination.
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