Why have an
Employee Rewards program?
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Help achieve HR strategic targets |
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Help improve staff retention and acquisition |
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Help improve employee morale |
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Reduce recruitment and training costs |
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Support employer of choice status |
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Demonstrate differentiated workplace practices |
İEmployee Rewards Program
2011
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Employee Performance Recognition Reward Program |
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This is a great way to reward employees for performance outcomes.
Our Employee Rewards Programs are tailored to our clients requirements. The following provides some of the key features
that may be included:
- Streamlined and secure management:
- Secure on-line allocation of rewards by authorised officers.
- Secure on-line redemption of rewards by employees.
- Financial outcomes:
- Cost savings - rewards are paid for at wholesale and not retail prices, saving around 15% to 25%.
- Improved cash flow - rewards are paid for on redemption of rewards by employees and not on allocation.
- Reduced HR administration costs and improved controls.
- Program structure:
- Tailored and branded to our client's requirements.
- Employees can receive notification of rewards electronically or by way of branded rewards certificate hand delivered
in team meeting.
- Rewards can be structured with a defined period for redemption or can have an unlimited redemption period.
- Frequent reports at company and cost centre levels.
- Program reports can be at a department, division and whole of company basis.
- You will have a dedicated relationship manager who will know every aspect of your program.
- Redemption of rewards
- Employee logs onto the secure client branded rewards website.
- The employee's balance of rewards allocated is clearly shown as is the rewards redemption value for each product.
- The employee can choose to:
- Redeem against one or more products up to the balance of their available rewards.
- Accumulated sufficient rewards to redeem against their chosen product.
- Redeem against a product with a higher value than their rewards balance and pay for the difference.
- The redeemed products are despatched to the employees nominated address.
- Products available for redemption:
- There are in excess of 20,000 individual products for employees to choose from. The products are from major brand name suppliers and are designed to
satisfy all needs.
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