Don’t fret about the costs – consider the motivation gains

“Company rewards schemes do come at a cost, but also help form the corporate culture, attract talented people and maintain job retention at high levels”, said Dave Barnett, who believes strongly in motivation strategies.

Media planning agency December 19 offers a free Fitbit for every employee and starter, encouraging a healthier lifestyle, as well an annual paid “away day” to the French Alps. “The trip isn’t linked to sales or profit targets. It is there to help build team relationships and for management to give something back,” Barnett added.

Introducing a wide range of perks and rewards is an added expense, Barnett said, and keeping a close eye on expenditure is important. However, the money spent is creating a happier, healthier and more motivated set of employees – which in turn produces a more productive business.

Read more about different approaches to experimenting with cost-effective perks and rewards.