That is the most common question we receive. And the answer starts with a principle that is as simple as it is often forgotten: ask your target audience.
A reward chosen by someone else is rarely a true reward. It is easy to get it wrong. Bananas on Fridays do not work for someone who dislikes bananas. Free coffee misses the mark for people who do not drink coffee. When employees are involved in choosing rewards, that involvement itself becomes part of what creates engagement.
Another important thing to remember is that the amount of money involved is rarely the most important factor. The feeling of being recognized and appreciated often carries far greater value. A small gesture that shows someone cares can mean more than a large financial reward.
Top Rewards That Actually Work
• An extra vacation day. This is often at the top of the list when employees are asked.
• Lottery tickets and movie tickets. Simple, appreciated, and easy to administer.
• A later start or an earlier finish for a day. Time is one of the most valued rewards.
• One hour of exercise during working hours. Works particularly well in active organizations.
• Charity donations. Employees can donate their points to a charity of their choice. Especially popular in values driven organizations.
• Certificates, badges, and traveling trophies. The symbol itself becomes the reward. These are used, for example, by hotel chains to recognize different levels of competence and achievement.
• Hotel stays and gift cards. Amazon, grocery stores, electronics retailers, and similar options tend to be widely appreciated.
• A team breakfast, lunch, or activity. The reward is the opportunity for the group to spend time together.