The Red Velvet Sack of Incentives
Sunday, August 2nd, 2009Christmas Can Come More Than Once a Year!
Don’t worry: the economic meltdown (which needs no introduction) makes everyone feel like a cheapskate. When recruiting online, it’s not uncommon for some staffing professionals to mark the pay rate as “negotiable” or leave out the salary altogether, because not everyone’s quite certain what they can afford. However, eventually it’s time to meet the applicants in person and with yearning in their eyes they’ll ask you, “How much will you give me this year, Santa? I’ll work hard and I’ll be good.”
Okay, you’re not Santa (though you do have merry dimples and rosy cheeks, and you keep a bowl full of jelly in the break room, which is close enough). However, they’ll still want to know how much you’re willing to pay. To be fair, you can check other forums, such as Monster or CareerBuilder to determine the market rate for that particular position. In Hiring Your First Employee: A Step by Step Guide, Fred S. Steingold suggests referring to the following website for average market rates in any given metropolitan area, for any given occupation: php.democratandchronicle.com/RocDocs/pay.
Now, let’s say you’ve checked the median rate, and man is it steep (considering how little profit you’re making this year)! Remember, there are other ways of making your employees happy. It’s July, but everyone could use a little holiday pick-me-up right about now.
Here are twelve incentives to spread some cheer around the office. (You don’t actually have to put them in a velvet sack. Who do you think you are? Santa?)
(My Employer Gave To Me…)
1. Sun Chips and a Pepsi. Some of your employees might lose steam just before lunch hour. You can provide them with snacks and drinks to keep their momentum going throughout the day. They’ll also be saving money on items they would have bought for themselves. Just make sure you know their snacking preferences (i.e. feeding pork rinds to a vegetarian is a mistake).
2. Lunches on Fridays For Free. Some companies adopt a casual-Friday policy, which enables employees to wear jeans on the last day of the work week, or leave a little early. Take it one step further by casually picking up the phone and casually ordering take-out for your employees.
3. Schedule Flexibility. An eight-to-five schedule doesn’t really allow for running errands. Many people are willing to sacrifice a little pay if they can occasionally leave the office to take care of those things that seem to constantly go unattended (such as sanity).
4. Firmer Arms and Stronger Knees. If you can’t afford benefits such as paid memberships to a gym or health club, buy an affordable elliptical machine or exercise bike and keep it in one of the spare rooms. There may be a few people interested in light aerobic exercise (or serious sweating). An energized person is a more productive person.
5. Five Books on Podiatry. Once your employees sink into a routine, they may desire something, well, a little less routine. Not an expert on feet? That was just an example. You can gather all the resources you’ve collected on your particular trade and cultivate a small library.
6. Telecommuting Opportunities. Maybe you’d rather keep your employees where you can see ‘em. But if the work needs little or no supervision, and your expectations can be met via all the gadgets of a home office, why not allow the guys/girls to work in their cozy living rooms?
7. Education or Workshop Series. Extend the number five incentive even further and sign them up for enrollment in a work-related class or workshop. Incentives: cerebral stimulation, occasional complimentary juice and donuts.
8. A Beautiful Lounge Area Filled With Trees. A lounge area can be a good retreat from the shackles of the office. If you’re into interior design, this can be a fun project for you. Fill the area with pots and plants and/or striking artwork. Set a table next to a window in view of the park across the street. Put a jukebox in there. Be wild.
9. Reimbursement For All Gas Fees. If you ask your employees to run personal errands for you, or errands pertaining to the company, reimburse their gas mileage at the standard IRS reimbursement rate, 55 cents per mile. This covers gas and wear and tear on the car. And unless the employee’s car breaks down and he/she needs a new carburetor, it ends up being a paycheck boost.
10. Souvenirs From Various Countries. It’s not always fair that you get to travel the world, while your employees are traversing the Quickbooks reports. If you go on vacation, think about bringing back a little something for the tired worker, such as a Pashmina scarf from Nepal, a beer stein from Germany, or a Matryoshka doll fom Russia.
11. Smoking-Cessation Studies. Smoke breaks are a drag for you and your assistant, an apologetic smoker, who feels ashamed every time he needs to go outside to take a puff. If you’ve set aside just a bit of extra cash, but can’t afford to offer a significant raise, a smoking cessation program could be a good idea for an employee on the verge of quitting. Do they actually work? According to the American Heart Association, the success rate is 20-40%, with participants staying off cigarettes for at least a year.
12. A One-Half Hour Freebee. It’s really not a very long time. Let your employees take a breather, eat their ham sandwiches, read their spy novels, and return their missed calls. People are much nicer when they’ve refueled and gotten paid for it. And you need dashers, and dancers, and prancers.
