Rewarding Outstanding Performance: Don't Break the Bank: Some of the Most Effective Methods of Rewarding Outstanding Performers Involve Little or No Money (Special Report: Succeeding in Challenging Times‪)‬

In these challenging economic times, it may be tempting to focus solely on the bottom line, and to forget the importance of motivating your employees. After all, don't employee incentives cost money, and who has extra money to spend on raises or bonuses? While money certainly is a contributing factor to employee happiness, it is not the only cause of employee satisfaction. Employees who are happy are more productive than those who are dissatisfied. Therefore, it makes economic sense to encourage excellence. Moreover, if you can find ways to reward your outstanding performers and keep them motivated, you are more likely to retain these top players-which in and of itself is a savings. Importantly, some of the most effective methods of rewarding outstanding performance involve little or no money. Create your own employee stimulus without breaking the bank.