Customer reward schemes are serious business, and for good reason. You want to retain loyal customers and make them feel valued. The more special they feel, the more they reward you with repeat business.
The same principle applies to rewarding your employees.
Rewarding employees is slightly tricky. You don’t want to be ‘that guy’ that hands out book tokens but you might also not want to buy everyone a new car for Christmas.
The act of rewarding is getting complicated too. Millennials prefer workplaces that show sincere interest in employees as people (not just workers) and who put effort into rewarding good work, according to the Great Workplaces Special Report. Rewarding employees needs to be more interactive than ever, combining material reward with recognition of good work.