How would I create an employee reward system?

Question

How would I create an employee reward system?

Answer 1

Ask the big boys the Merits Company based in St. Louis, Missouri

Answer 2

Set performance standards in advance.  Pay a bonus to anyone who exceeds the performance standards.  The more the person exceeds the standards, the higher the bonus.

Say, you expect the employee to produce 100 widgets per week.  as long as he produces 100 widgets or more, he is eligible for the bonus.  Pay him $0.10 per extra widget produced.

Answer 3

Why don't you get some suggestions from your employees.  Who better than they can tell you what motivates them. They will also feel empowerment being part of the decision process.  Just let them know the limitations and you will be surprised at how little it will take to makes employees happy.  

Answer 4

Whatever you want to get done reward with money and gas cards! It is what everyone needs at this point but paying for a lunch works well too!

Good Luck