In this difficult economy properly compensating and rewarding a valuable employee monetarily can be quite challenging if not impossible.
Employers and especially small business owners want to recognize the accomplishments of their staff, but have to balance this with the stark realities of their bottom line.
The first concern of employers is of course meeting their salary and overhead expenses.
Looking at alternatives to cash compensation may be the answer.
Countless opportunities for creativity abound in this area.
  There are a number of simple alternatives to cash bonuses.
Your employees might appreciate a cash bonus; they most likely realize the market.
That being said, gift certificates while requiring some expenditure can provide a sense of appreciation and prove the saying true that it's the thought that counts.
Recognizing a worker's loyalty and commitment can make a big difference and lift spirits in this beleaguered economy.
Workers want to know their efforts mean something for the welfare of the company.
 A gift card or gift certificate can show a sense or appreciation and do that inexpensively.
If gift cards are too expensive then you may wish to consider something as simple as coffee or an occasional lunch or breakfast.
If your business actually allows you to have a sit down lunch, consider taking the time to eat with your employee.
Asking their perspectives about the business, any issues or difficulties they might be experiencing allows them to have a sense of ownership in your business.
While the company remains yours, allowing workers to participate by listening to their ideas can induce a greater sense of fidelity and long term performance.
  Even a simple gestures as a thank you can create a more successful working environment.
Flexibility in scheduling is another form that appreciation can be expressed.
Workers facing the daily realities of life often need to come in late or leave early for personal reasons.
Allowing them the opportunity to make up time can help ease their schedules while not adversely affecting your operational needs.
Workers understand the challenges that small enterprises face.
Take the time and find your own way of encouraging your workers.