The benefits of an online points reward system

Thursday, 08 September 2011 10:18

Online rewards can boost staff loyalty

Online rewards can boost staff loyalty

There are a number of benefits for companies that decide to launch an online points reward system for their customers and staff.

One of the key reasons to implement such an initiative is to make sure employees and customers are aware that you appreciate their hard work and loyalty.

While many firms understand the advantages of providing online rewards for the people who purchase their products and services, they are often not as well informed when it comes to their personnel.

A primary cause for people leaving their job is a lack of staff recognition and rewards for dedication and commitment, which can be particularly true in economically challenging times where workforces are often required to stay after hours or accept pay cuts to keep businesses running.

Organisations that fail to recognise their most loyal employees and customers could risk them moving to a competitor who may be offering more lucrative benefits.

With an online points reward system you can incentivise individuals while providing an attractive and easy-to-use service that promotes your brand and encourages retention.

Using a single platform for all online rewards, these fully secure sites allow people to earn points that are credited to an online account, which can then be spent on any number of prizes including CDs, books, experience days or holidays.

With more than 3,000 separate rewards, which can be delivered to anywhere in the UK, users can benefit from a scheme that is both achievable and realistic.

Providing a cost-effective solution, online points rewards systems give you total campaign management control, reducing workload and offering maximum flexibility to make changes when you please.

Extra features include prelaunch activity to ensure customers and staff are aware of the upcoming changes, as well as monthly email shots and league tables to show who is earning the most points.

To ensure your campaign runs smoothly, you will have access to a dedicated support network, including advisers who are available by email and telephone whenever you need them.

You will also have the option to develop your website and promotion further, with additional features to boost the success of your system. 

 

Comments

blog comments powered by Disqus

Finance articles

  • Top 5 uses for employee incentive schemes

    A well-designed incentive scheme for employees is a good way to motivate staff and help your company move towards its goals. There are a number of different ways they can be used and, if you pick the right ones, you will find such programmes are a cost-effective way to improve performance.

  • Low cost ways to improve employee benefits schemes

    Opportunities to reward your workforce will be in short supply if your company has been hit by the recession. However, there are still some small steps you can take to improve employee benefits packages without putting too much financial strain on the business.

  • Why set up a staff retention scheme?

    Staff retention is an issue all companies have to deal with, as losing key workers is both expensive and disruptive. There are ways to reduce the number of employees who leave and not all of them will break the bank.

  • How should staff reward schemes be organised?

    With money tight in the current tough economic climate, companies are looking at alternatives to pay rises to keep their employees motivated. Among the options to consider are staff reward schemes that demonstrate to workers that they are valued by the business.

  • What do customers look for in a business?

    With many people finding it difficult to manage their finances in the tough economic climate, it is easy to assume that price is the only factor that can help attract the public to your business. However, you may be surprised to discover how important service is to customers.

View More Articles

Related stories

UK jobs market ‘turning a corner’

Jobs market 'heading in right direction'

The nation’s job prospects are improving, fuelled by the 'Olympic effect' and signs that the UK could avoid a double-dip recession, a new report suggests.

TUC: ‘True UK jobless total is 6.3m’

'Real' unemployment figure 6.3m says TUC

The real number of unemployed people in the UK is 6.3 million if the figures are calculated using America’s formula, analysis from the TUC suggests.

Households where no-one works almost doubles since 1997

The ONS reports that the number of workless households in the UK has nearly doubled since 2007

A new report from the Office for National statistics (ONS) has revealed that the number of households where there is no breadwinner almost doubled under the last Labour government.

Liverpool tops workless household list for 4th year in a row

Liverpool has suffered from the closure of the docks

New data released by the Office for National Insurance reveals that Liverpool is the UK city with the highest rate of workless households.

Economy getting greyer

Older people now make up a far higher percentage of the workforce. Image:Thinkstock

Older people's employment rate is higher than before the recession, a new official report shows.

Unemployment falls by 4,000 to 2.51 million

Unemployment fell by 4,000 in the three months ending June 2013

Unemployment fell slightly in the quarter ending in June 2013, down 4,000 to 2.51 million with the rate remaining at 7.8%, according to the latest official figures from the Office for National Statistics.

Government work programme has success rate of just 2.3%

The government has been slammed for the failure of its Work Programme

Official figures published today show that the government's Work Programme that aims to get the long-term unemployed back to work for six months has a 2.3 per cent success rate.

Unemployment falls by 5,000 in April to 2.51 million

Unemployment fell slightly in the quarter ending in April

The resilience of the UK's labour market was illustrated again as unemployment fell by 5,000 to 2.51 million in the three months to April.

Newsletter sign up

Interests

In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get the latest information on: