Business growth is far from linear and stable. For most businesses, success and growth come in waves and spurts, with massive gains made thanks to the hard work of yourself and all of your employees, followed by periods of stability, and then more major wins. When one of these major wins hits, it can feel like nothing could hold you back. These successes and wins are worth enjoying and celebrating – not just for you, but for your employees too. Here are three of the best ways that you can reward your company for a major success.
Hand Out Bonuses
The first way that you can reward your company for a major success is by handing out bonuses. While a companywide bonus is usually not realistic for your business to maintain its bottom line, giving out bonuses to the individuals and teams who are responsible for the recent success is a good way to show gratitude. When your employees are responsible for the financial gain of your company, you become responsible for the financial gain of your employees. Giving them a slice of the pie that they made for your company is not just smart, but just.
Throw a Party
Another super easy and fun way to reward your company for a major success is to throw a party. If the whole team or entire company deserves recognition and celebration, then a large event like a party is a great way to give back. Just make sure if you throw a party for your employees, it is well planned and actually fun. Music can make or break your event and set the mood in the room. If you are not the most “party” person in your company, delegating tasks like music to someone who is can be beneficial.
The final way that you can reward your company for a major success is to plan a company vacation. Company vacations used to be a bigger staple of company culture a while back, but there are still plenty of businesses that participate in the idea. Taking your employees to a vacation destination and giving them a good time can help your employees have experiences that they may not get otherwise. Plus, when you bring such a large group, the discounts are quite good.
When your company has a big success, it is natural to want to celebrate. To celebrate effectively, you have to choose the right way to celebrate. Choosing from any of these three options is a smart choice to reward your company for a major success.
Check out this article on how to keep your office comfortable for your employees!