Gifts
Thank You ‘Gifts’: Reinforce the belief that hard work will pay off. Reward employees for extra effort or time, but consider a ‘thank you gift’ rather than actual money, promotions, or salary increases. Suggested are the following: plants, food/gift baskets, cakes, household items, sports tickets, or a dinner. Make sure the ‘gift’ is a fraction of the actual value of the overtime, it will save your budget and create a sense of compensation, without having to pay ‘full price’ for the extra production.

I once delivered an initiative that saved the coy over $6.5m pa and was rewarded with a gift voucher to the local mall – value $30. The calculator in windows cannot even calculate a fraction that small!