Seeking Creative Non-Monetary Incentive Ideas for Our Small Manufacturing Team on a Budget

Hi,

Our company is a small manufacturing business that specializes in equipment production. We have recently made the decision to introduce incentives for our employees to boost motivation. Up until now, our pay structure has been consolidated, without any additional incentives.

I would like to reach out to fellow forum members for suggestions on suitable non-monetary incentives for various departments such as marketing, production, finance, service, and R&D, while adhering to a small budget. Your input is highly appreciated.

Looking forward to your responses.

Regards, ARC

:icon1:

Some non-monetary incentive types which I can suggest are:
- Sponsor Cricket Match tickets
- Take employees out for a picnic
- Gift vouchers
- Food coupons
- If a public limited company, then can issue bonus shares to employees.

Regards,
Ritu

Hi,

Ours is a small company involved in manufacturing equipment. We have decided to offer incentives to our employees to motivate them. Until now, we have had a consolidated pay structure without any incentives. I request forum members to suggest what kinds of incentives (non-monetary) would be suitable for different departments like marketing, production, finance, service, and R&D within a small budget limit.

Awaiting your replies.

Regards,
ARC

Dear ARC,

Some suggestions for non-monetary incentives include appreciation letters, get-together parties if possible, personal appreciation from the boss, and more. Additionally, you can issue a circular appreciating the employees, mentioning that they are valuable assets of the company. It's important to develop confidence in them, showing that the company does not believe in the policy of hire and fire.

Be happy! 😊

DPS Chauhan

I understand this to be an incentive for every employee of your organization, which will vary depending on their performance. If this is correct, I suggest you first derive some slabs for every performance level and fix a monetary value for the same. Accordingly, you can choose from some packages, viz.:

a. Sodexo / Ticket Restaurant passes

b. Health check-up for family members

c. Give them a Star Badge with different colors which will grade them, and they can wear the same in the office.

d. Give them a small memento with appreciation words for their performance.

- Ramesh R

Some more non-monetary incentives like:

- Give holiday plans for the family.
- Present domestic appliances that employees would not have otherwise bought.
- Movie tickets, meal vouchers for reputed hotels.
- Club membership for a year.
- Public recognition/appreciation.
- Sponsorship of an advanced learning program.
- Health check-up is also a good option.

Regards,
ACCHR

Hi,

Our company is a BPO Healthcare (Medical Billing) company, and I need suitable parameters on how to calculate incentives for the employees here. Please suggest the parameters.

Regards,
Sathish KK