article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Extrinsic rewards are a type of incentive that motivates people by rewarding them with something tangible — such as praise, fame, or money — for achieving a specific goal. The incentives must be extraordinary in order to spur your team's competitive nature to finish a task that requires extra effort or has a short deadline.

article thumbnail

59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas)

SnackNation

To shake up the workday, or start Monday off with some inspiration, Cooleaf recommends hiring a motivational speaker to come into the office. Find an inspirational quote or page from a book and send it out to your team on Monday mornings. 59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

45+ Fun Rewards to Drive Better Employee Engagement

Terryberry

"Fun rewards" are a refreshing take on employee incentives that infuse elements of creativity, enjoyment, and personalization into the recognition process. Traditionally, rewards in the corporate world were viewed through the prism of cash bonuses, pay raises, or more tangible perks like health benefits and paid leaves.

article thumbnail

Employee perk ideas to improve employee satisfaction and attract top talent

Business Management Daily

In this blog, we’re talking about why perks are important, how companies can provide incentives employees want, and how they can do it without blowing the budget. Spending 10-12 hours per workday may result in lots of work getting done, but it quickly leads to burnout and low retention. Have a plan and look for ways to improve.

article thumbnail

57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Xoxoday

Performance bonuses Performance bonuses are a common and effective way to reward employees for their outstanding work. These bonuses are typically tied to specific performance metrics or achievements, such as meeting sales targets, exceeding project goals, or surpassing customer satisfaction benchmarks.

article thumbnail

Workplace Wellness Activities: 16 Ways to Support Employee Wellbeing

Terryberry

In addition, many insurance providers offer special incentives and rewards for health screenings and vaccines, and employees will likely appreciate your support in completing those tasks with ease! Company book club. Like virtual lunches, a company book club offers a new avenue for employees to get to know each other a little better.

article thumbnail

57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Empuls

Performance bonuses Performance bonuses are a common and effective way to reward employees for their outstanding work. These bonuses are typically tied to specific performance metrics or achievements, such as meeting sales targets, exceeding project goals, or surpassing customer satisfaction benchmarks.