7 ways to incentivise your employees and make them happy!
Lenah Oduor

Lenah Oduor

Lenah is a CIPFA qualified accountant with over 18 years’ experience in both business and accounting practice.

7 ways to incentivise your employees and make them happy!

Employee retention is incredibly important – as is creating a pleasant and happy work environment. One of the ways in which we can do this is by offering incentives to our employees – making them aware of just how much you value them.

  • Throw staff parties

At certain points in the year, it’s nice to offer your employees the chance to celebrate their achievements. You can throw 1 party a year (on a recurring basis) and be exempt from paying tax if the cost is under £150 per head. You can throw more than one party without needing to pay tax on it, if the combined cost of all the parties is under £150 per head. Summer BBQs and Christmas parties are popular ways to give back.

  • Offer company cars

In a variety of companies, employees are offered a company car. Many employees look for companies which offer this incentive as it’s an easy way to save money on their outgoings.

  • Allow flexible working hours

Growing in popularity, flexible working hours allow employees to ‘flex’ their days. This might mean taking a morning off and making it up over the week, or shifting their working day an hour earlier or later. Plus, 87% of professionals think having a flexible job would lower their stress and 97% say a job with flexibility would have a positive impact on their overall quality of life. Offering flexible working means your workforce will take less time off, because they can fit their job around their appointments.

  • Open up remote working

It is predicted that half of the UK’s workforce will work remotely by 2020 – why? Because it’s great! Employees love the freedom and save money on costly commutes. Not only that, but it’s a great benefit to company owners too. Save money on overheads such as office space, catering, utility bills and services.

  • Establish an employee rewards scheme

Keep staff motivated with regular awards and rewards. Whether that’s by offering them profit-shares or giving prizes to the employee of the month, you’re simply providing a benchmark for staff to aim for. Rewards for great work encourage more great work – which is all the incentive you need as an employer.

  • Offer training opportunities

You know the saying, “the only thing worse than training an employee and having them leave, is to not train them, and have them stay.” By investing in training for your employees, you’re investing in your company’s future. Poorly trained employees aren’t going to do a perfect job – so why would you expect them to?

  • Prioritise a good work-life balance

Check in on employees who are staying late, offer mindfulness or yoga sessions once a month, offer a good rate of holiday and don’t give employees work to do in the evening or on weekends. Burnout isn’t just their greatest fear – it should be your gravest concern.

As an employer, it’s easy to prioritise profits over culture. However, a positive working environment will have an incredible impact on your employees productivity. High staff turnout, burnout and a tense office vibe is not conducive with great work.

If you’re looking for ways to free up capital to reinvest in your staff – we can help. At gHawk, we’re not just accountants. We’re here to make a real difference to our clients. Take a look at our business development services and let’s start incentivising!

The information contained in this website is for general information purposes only. The information is provided by GHawk Accounting and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is, therefore, strictly at your own risk and we accept no liability for action taken upon recommendations made in on this website.

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