Online Rewards
A revolutionary online rewards system in the area of staff reward & recognition. The aim is to create a single reward 'pot' for each employee that can be filled with points from several initiatives e.g. a sales incentive, suggestion scheme, safe working scheme, customer service award, etc.
Such an online rewards points-based solution operates like a bank account where points can be deposited, accumulated and withdrawn, either regularly or at the end of the promotion and exchanged for tangible rewards.
There are several advantages to a centralised online rewards approach:
- The overall budget does not need to increase, but the effect of 'banking' points can be much more pronounced than rewarding ad-hoc.
- Tactical initiatives/campaigns can be switched on or off on a per user basis.
- A rewards platform can be used as a communication tool to announce new products, conduct product training, etc.
- The administration of the scheme can be centrally controlled and monitored.
- Individual's, team's, department's or division's performance can be easily assessed.
- An online rewards system has minimal set-up or ongoing costs compared to a paper-based one.
Love2reward have operated their V.I.P. (Virtual Incentive Points) platform for a number of years now and have the experience to tailor it to your needs and make it operational within tight lead-times and budgets, if required.
"The VIP scheme has been extremely successful, there has been a 3% reduction in attrition rates relative to the previous year, we've seen savings on our recruitment costs, improved attendance, and 134 people who have been with us for more than five years, we are delighted." Fortis Insurance Solutions
The solution we recommend you consider online rewards is listed below, however if you would like to speak to a Love2reward representative, then 'talk to us' today.
Find out more about our Staff Reward & Recognition schemes, or specifically in the areas of, Long Service Awards, Retirement Gifts or Corporate Anniversary Solutions.
Alternatively, view the full range of Gift Vouchers & Gift Cards.