The first Friday of March is Employee Appreciation Day. But as an employer, do you have anything planned? Did you even know about it? If not, it might be a good idea to get up to speed.

This "holiday," established in 1995, serves as a day to honor workers across the country. After all, National Bosses Day is celebrated in October and we're sure a few of your employees either got you a card or pitched in for a gift. So it’s only fair that your rank and file employees have their moment in the sun as well. That’s why it doesn’t matter whether they scrub toilets or if you're managing a bunch of budding advertising executives on Madison Avenue – Employee Appreciation Day is about recognizing people for a job well done. Every job and every employee.

The question is how should your company do that? Luckily we’ve come up with seven tips -- some extravagant and others at little to no cost -- aimed at showing your employees some gratitude.