What are best ways to reward an employee?

Give your employees free passes & coupons. Employees get a few of these a year and can use them as they like. They don't have to pretend to be sick. They can go to the beach, read a book, play with their kids ... it doesn't matter.

Applaud their efforts — literally. If someone has done something really worthwhile, have your entire staff give them a standing ovation at the next meeting.

Material rewards must be given. But even after having any level of material gains a person may  may carry mental pressure, stress, develop diseases and may not be happy, feeling joy from within, may carry negative / destructive thoughts, may not be that sincere & loyal to duty. Theymay be educated with life oriented approach which can bring thischange. I have seen changing many. It can be done.  

I believe that for an employee recogniton is the beiggst reward and that keep him motivated.

A simple mail to him and his team recognizing his efforts or small recognition certificate or trophy with applaud all around will do the wonder for sure!!

As a leader, connect with your emplyees and understand thier aspiration and chalk out the career path for them with owner and timelines, it will certainly help them to boost thieir learning and help them grow with the organization.

Very Nice Question and my best answer is honour the parents of the employees so that it makes them feel more happier and their family too will support. This has worked really well ourside.

We get really very little chance to say thanks to our parents and its a very good opportuinity to honour them and obvious any employee fall in love with company for the true honour

Take idea to devlop other employees,provide such aperson adequate freedom to such a person he can give a rapid growth to theunit and himself. such persons must be rewarded also with appreciation. 

The best way to reward an employee is to give him a higher post in the company. This will make the employee feel that the company has confidence in his work..

I guess the best way to reward you employee is a trip. May be 1 year company can sponsor for local tour and 1 foreign tour. This way the employee will certainly feel that his/her work is finally rewarded and his/her inputs are really considered.

Dear Dipika,

You are already on the right track, so here i am just to add few of my findings base upon ESS of last 3 years.

1.  Employees are our responsibilities ( OUR PROFESSIONAL FAMILY).

2.  They expect a immidiate APPRICIATION in the form of Recognition.

3.  The SAMMAN sort of (non-monitory) system can serve  the purpose.

4.  The PRODUCTION INCENTIVE can be in place with policy.

5.  The CSR projects for Employees family / kids can be another gud option.

6.  The ANNUAL EVENTS CALENDRA, in which people prog. & gifts can be a option.

for more clarity,  kindly call me on 09997770819

Bset Regards

D.S.Rathore

insured them life as well medically

The best way to reward an employee is not money alone but the added faith you repose on them . Give them a target , let them have their own ways and means  to implment them and do not interfere till the time frame ends . You will be surprised to see the results for yourself . 

Secondly give an ear to their suggestions and innovations since everybody has an opinion backed by their experience and try to implement them on the basis of merit .  Treat employees as partners and involve them in every aspect and share with them emotionally, sentimentally and with a sense of belonging and there is no need for clock in ur office since no body would watch the time but the work in hand .