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Looking for "Money" That I Can Give to Team as a Reward

In summary, the best way to reward your team with "money" is through incentives or bonuses based on performance. Each company may have their own guidelines on the amount of "money" that can be given as a reward. "Money" can be given as a reward for non-sales related tasks and the frequency should be balanced to avoid it becoming expected. Alternative options for rewarding your team include extra paid time off, team building activities, or company products/services.
Nfldfran
57
Hi

I would like to award some Monopoly money to team members to recognize acheivements.

The idea is they save it for quarterly silent auctions that I will hold where they can bid on products and supplles.

Does anyone have "cluster bucks" or something that could be sent as an email attachment.

Diane
 
My HD and her Director (who do meetings together) used to do ribbons, which are redeemable for cash at any time. They just recently switched to just good old US currency. It's nice to have cash in hand. :D
 
Our cluster does "bricks". We can use them at the occasional auctions for a 1 brick=$1 value for products/supplies or we can save them up and redeem them for 1 brick=$.025 cash to spend at Conference. It looks like they just found a little clip art of some bricks.
 
Hi Diane,Thank you for sharing your idea of using Monopoly money as a reward for your team members. It's always great to find creative ways to recognize and motivate our team members.As a Pampered Chef consultant, I have access to our "Pampered Bucks" program which is a similar concept to what you are looking for. These Pampered Bucks can be earned by team members for achieving certain goals or milestones and can be redeemed for products and supplies. I would be happy to share more information about this program with you and see if it could work for your team.Alternatively, you could also create your own "cluster bucks" using a template or design software and send them as email attachments. This would also give you the flexibility to customize the rewards and bidding options for your quarterly auctions.I hope this helps and I'm excited to hear more about your silent auctions and how you plan to recognize your team members. Keep up the great work!
 

What is the best way to reward my team with "money"?

The best way to reward your team with "money" is by offering incentives or bonuses based on their performance. This can include commission-based pay, bonuses for meeting sales goals, or gift cards to their favorite stores.

Are there any guidelines or restrictions on how much "money" I can give to my team as a reward?

Each company may have their own guidelines or restrictions on how much "money" can be given to employees as a reward. It is important to check with your HR department or company policies to ensure that you are following proper protocols.

Can I give "money" as a reward for non-sales related tasks?

Absolutely! "Money" can be given as a reward for any task or achievement that you feel deserves recognition. This can include exceptional customer service, meeting project deadlines, or going above and beyond in their role.

How often should I give "money" as a reward to my team?

The frequency of giving "money" as a reward to your team will depend on your company's budget and policies. It is important to find a balance and not overdo it, as it can become expected rather than a special recognition.

Are there any alternative options to giving "money" as a reward for my team?

Yes, there are many alternative options to giving "money" as a reward for your team. Some ideas include extra paid time off, team building activities, or gifts such as products or services from your company. You can also survey your team to see what they would prefer as a reward.

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