10 Employee Rewards Ideas from Top Companies for Benefits and Compensation
Local companies prefer tried and tested incentive programs for employees in the Philippines, but that doesn’t necessarily mean that they will motivate staff in the long run. They typically stick with the status quo of gift certificates, 13th month bonuses, and commissions, unlike international companies who are willing to make the extra mile and invest in employee perks.
In fairness, employee perks can be a huge expense for the company. On the other hand, there are incentive ideas that you can explore from top companies.
- Accenture: LGBT and Diversity
One of the leading global professional consulting company, Accenture, achieves their commitment to uphold LGBT rights and promotes diversity by covering gender reassignment procedures for employees.
The surgical procedure would be very expensive in the Philippines, so the other option would be equal opportunity hiring and recognizing Pride Day for your LGBT employees.
- Altitude Games: Virtual Offices
A leading mobile games provider in the Philippines and South East Asia, Altitude Games, contributes to the overall satisfaction and productivity of employees by giving them the opportunity to work anywhere and anytime as long as they’re online, except occasional company meetings and social events.
Consider a flexible working schedule and provide Work from Home options for your employees.
- Google: Fancy Perks
Constantly named as one of the top companies people want to work for, the Googleplex is known for giving fancy and posh perks to employees such as bowling alleys, public arts, gourmet food, dry cleaning, nap pods, and electric cars in Google’s HQ.
You can look at other more affordable options such as the layout of your office. Create spaces for sleeping rooms or lounge areas where they can take a breather or power naps.
- OLX: Free Mobile Plans
The Philippines’ popular buying and selling platform OLX provide free mobile devices depending on the employee’s line of work. For example, unlimited calls for their acquisition team and unlimited data for their social media and PR team.
To avoid getting your employee perks from getting out of hand and out of the budget, you can align incentives with their tasks. Your employees will be able to do their job better and remove unnecessary hurdles along the way.
- Adobe: Company Shut Down
A global leader in creative computer software, Adobe, handles paid vacation and holiday leaves by shutting down the company for one week during December and summer time.
It’s not feasible for any company to shut down for a day, but you can think of other ways to enable your employees to enjoy their holidays fully. You can come up with fun team buildings in a lesser known summer outing location. You can also provide work from home days between Christmas and the New Year where most people wouldn’t be productive anyway.
- ZipMatch: Personal Cars
A rising tech real estate company, ZipMatch, contributes to easing congestion and saving time by arranging personal cars for business executives and development as they go to work and attend meetings during the day. The company is also looking into getting more to accommodate the entire workforce.
Provide shuttle or carpooling services for your employees. You can assign routes and pick-up points to ensure that everyone gets to work on time.
- Walt Disney Company: Free Park Admission
The “Happiest Place on Earth” gives back to their employees by giving free park admissions and discounts on certain hotels and merchandises. This way, Disney can also spread happiness to their staff and their loved ones.
Arrange trips that are related to your employees’ interests or their department’s line of work. For example, you can send graphic artists to painting sessions. You can send employees who are interested in art to museums. Provide an inspiring change of scenery for your employees where they can take a break from their computer screens.
- Kalibrr: Hacker House
Kalibrr, an online employment platform in the Philippines, has a Hacker House where developers can freely work on whatever idea they have and code on their terms.
Hackathons are popular in the US, where developers can work on their passion projects. You can create your version by giving your employees their space to brainstorm and develop their ideas in their own time.
- Evernote: Learning Courses
A recommended productivity tool, Evernote, ensures their employees sticks true to their company objective by signing up their employees to the “Evernote Academy” wherein they can learn new courses and build cooperation with other teams along the way.
Departments or teams can often turn into tribes and get caught up in their world. To facilitate learning, you can enable your employees to explore other areas they may interest them. For example, workshop sessions can provide teams the opportunity to showcase what they do that may be interesting for other employees.
- SCI: Company Shares
Satoshi Citadel Industries, the Philippines’ first Bitcoin Company, is one of the few companies in the country to issue company shares to the entire working staff. As a financial tech startup, every employee acquires share from the company’s ventures.
Apart from shares, you can also provide profit sharing incentives to employees.
Top companies are the best in their field because they know how to get the best out of their people. The right employee perks are not just about making your staff happy. It’s about making them feel a part of an organization that has a purpose and values the overall well-being of its employees.