![]() Consider keeping recognition and rewards separate.Balance formal and informal recognition.Consider the demographics of your workforce.Can your employees afford your product? Ensure your employees are in a position to appreciate what it is they do.Consider the business itself: What works for a restaurant may not work as well in a corporate setting.Make sure you do not cross any professional boundaries with gifts or praise.There are many factors to consider when choosing which ideas align best with the needs of your workforce: Not every strategy will work for every business or team. Especially when it comes to employees who haven’t received a raise in years or whose raises haven’t kept up with their increased experience and the rising cost of living, a raise can make a huge difference. If your business is feeling the effects of inflation, remember that your employees are too. Nothing else on this list is more important than paying your employees well. Pay above-adequate salaries, and you’ll watch employee happiness and retention rates skyrocket. No employee appreciates cheap distractions or pizza parties while they’re working overtime and worrying about making ends meet. Others don’t want to work, but will get a job done well if paid properly. It’s important not to be fooled: Some people do want to work, but not if their wages aren’t enough to pay their bills. Though it seems obvious, many business owners offer and pay low salaries or hourly rates, then complain that they cannot find enough prospective employees. ![]() The number one way to obtain and retain quality employees is to pay them a better-than-livable wage. ![]() Nothing says “I value your time and effort” more than a better-than-adequate paycheck. ![]()
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