How to Boost Employee Morale When You Can’t Afford Bonuses
It’s almost that time of year when employees will be expecting a nice bonus for the holidays or even a raise early next year.
While it would be the right thing to do especially if your staff have been working double-duty or on a reduced workforce, it may be that your company, unfortunately, can’t afford to give everyone a bonus this year. This fact can dampen the morale of employees and affect their performance at work.
However, there are other incentives you can provide to boost morale without handing out extra cash.
Side Hustle
Some employees have not aspired to be in their current position, but this is where life has placed them. Perhaps what they love doing does not fall under their current job description.
Find out what their passion is. Maybe the guy in sales wants to work in IT. Or the cleaner would have a hidden talent in marketing a product.
Give employees some downtime and allow them mobility to go to other departments and learn a new skill. Let them take on their personal projects with this downtime. They could come back feeling refreshed, and you would have happier employees.
Beyond Teambuilding pride ourselves in creating events, activities and challenges that push any team past mediocrity, allowing them to express themselves in a way that unleashes a team synergy that is often lying dormant. Our teambuilding is done in two definitive ways; formal and informal. Both have merit and are used to create the specific objectives of your particular team’s needs.
Training
Training and development programmes are usually more common in large corporations, but even if you are a small business, you can offer employees a chance to take a course or attend a conference of their choice.
In this way, you both reward the employee and fulfil the continuing education goal for your business.
Motivation
The reason you can’t afford the bonus is that the team didn’t reach the goal for the year. Remind them of the goal post and set an even higher one. Set out a game plan on how to reach it and make the rewards transparent for everyone to see.
A motivational talk might be “old school” but not when a CA and business expert is talking at a level everyone can understand. Let John Ingram do an hour’s motivational with your team to kick-start their aspirations.
Successful teams do what other teams are not prepared to do! Are you ready?
Take your team beyond with Beyond Teambuilding’s exciting events, activities and challenges that push boundaries and guarantee loads of fun.
