hi manji,
u can also name the prize as "rising star of the month" accompanied by a certificate and a small prize.
also you can announce that the winner/s will have an opportunity to dine with respective department's head.

From India, Delhi
Dear All,
You can give free tickets to any international destination for your employee and spouse or pay for his/ her stay in a resort along with his/ her family for 2-3 nights. Recently we had given free tickets to Paris to 3 of our top performers.

Rgds

RAM

From India, Mumbai
Hi Manjeet,
Maybe not sure about the name....but you keep a system of points. I mean if you could measure the employees performance and then give them credit points. then you could give them a handsome gift or amount, (whtever ur company is willing to give) on reaching say 50 points or 100 points. But try keep the points achievable and the duration to achive these points minimal. This way you will be able to create healthy competition.
Regards,
Anu_Hr

From India, Pune
Hey Manji,
You can also name it as "Shining Employee" or by adding employee's name along with it.
And giving a appreciation award you can get a Coffee Mug quoted with employees name along with a appreciation message or "Best employee of Month" plus giving some cash award depending upon the company's budget.
Regards
Kalpana

From India, Delhi
Hi Manzi,
You can set up the standards for the performance and mark the Levels as
Bronze; Silver; Gold; or Platinum.The platinum will be the top performer.
I recommend to communicate the standards to the employees for each Level.
You can also give the performer the 'Badge' for the particular level or something which anyone can easily see. Either some gift which will show the Level or you can in your company journal can mention the names as Mr. X is Platinum Performer etc.
I hope that this will be useful to you.
Regards,
Narayani

From India, Pune
The certificate always motivates the employee as well he can use it in his future companies also which will be very much helpful for career.Give them gift vocuher they will feel proud than ur cash.
From United Arab Emirates, Dubai
Dear Manjeet, It may be "STAR Emloyee Of The Month/Quarter". And the gift may be- Cup Set or Wind Chimes or some show pieces.
From India, Bharat
You can also Give Gift cards for ur employees. This card can be used by your employee to purchase what ever he/she likes to purchase.
That might be a perfect Gift for your employees. This can also used to give incentives.
So many banks are providing this Gift card
some are
IDBI Bank
ICICI bank

From India
I think one of the best way to motivate is to even gift them with some lunch coupons for couple and also some movie tickets as well.
From India, Hyderabad
According to me gift vouchers or restaurants coupons can be given to the winner or a dinner can be arranged for the best performer and his family and MD (or top personnel of the org.)
You can name it as HERO of the month. This name is very appealing and understandable by every level.

From India
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