Give ‘coupons’ to celebrate on a budget - Business Management Daily
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Give ‘coupons’ to celebrate on a budget

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in Compensation and Benefits,Human Resources

When she was getting her Denver product branding firm off the ground, Design and Image founder Deborah Williams couldn’t afford to give big holiday bonuses to her eight employees. Instead, she gave something almost as valuable: a book of coupons redeemable for work/life balance during the year.

Try it yourself. Some ideas for coupons to give:

A “Creative Day Off” that employees can spend “rejuvenating their spirit,” “Get Out of Work Well” days off, “Come to Work Late Day” and “Take a Three-Hour Lunch.” Coupons might buy the employee lunch with a co-worker or an after-hours cocktail.

Spread the holiday cheer around the office with a coupon employees can use to recognize a co-worker with $100. One year, Design and Image’s computer guru collected $700 worth of coupons.

Williams estimates the coupons cost the firm about $3,300 per employee, including lost revenue on the extra days off. But Williams says it’s easy to pay. “It’s not cash out of your pocket, except for reimbursing lunch,” says Williams.

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