Today at our office we celebrated April birthdays with bagels. We used to celebrate with cake, pie, cupcakes or some other sugary treat, but in an effort to reduce the amount of sugar consumed within the office, our CEO made the decision to switch to bagels. For some reason there seemed to be a lot of excitement surrounding the arrival of the bagels this morning, and as I sat working and awaiting the arrival of breakfast, I got to thinking about how such a small perk can make such a big difference within an organization. Birthday bagels once a month is just one of the many non-monetary perks at Palo Alto Software.
There is a lot of literature about how non-monetary rewards/benefits can be just as effective as cash rewards. One could argue that bagels once a month don’t hold a candle to cold hard cash, but how often is cash just handed out as a reward? Cash rewards are likely tied directly to performance, profitability, etc. and therefore there is no guarantee of this reward. I think having small perks within an organization (such as birthday bagels once a month or the ability to have an extra day off if you work a weekend for a conference) can make a huge difference in employee morale and performance. I know it does for us, but I also know that people genuinely like working for Palo Alto Software.
There are a myriad of non-monetary rewards ranging anywhere from birthday bagels to flexible hours to a plaque for the Employee of the Month to a verbal “thank you” for a job well done…the list is endless. These things are easy to implement, often with a very low price tag, and they do have an impact on employee morale and performance.
What are some of the non-monetary rewards and benefits your organization offers?
Palo Alto Software, Inc.