Introduction to Rewards

Table of contents

1. Introduction

2. Why are Rewards important?

3. Who is the module intended for?

4. What are the suggested use cases?

5. What are the key features of the module?

6. How does it work?

7. Glimpse of the product

1. Introduction

Engagedly's Rewards module is a dynamic and comprehensive tool designed to recognize employee performance and incentivize their valuable contributions. It empowers admins to effortlessly manage and administer rewards within their organization. Managers can recognize the outstanding efforts of their direct reports and seamlessly allocate rewards and track progress. Engagedly's Rewards module propels organizations towards greater success and fulfillment by fostering a culture of appreciation, motivation, and engagement.

2. Why are Rewards important?

The Rewards module provides a structured platform to recognize employee achievements and align efforts with organizational goals. It benefits all stakeholders by fostering a culture of appreciation and motivation.

• Admins can manage and monitor employee recognition, promote a positive work environment, and gain insights into performance and engagement.
• Managers can encourage team members to achieve goals, keep them motivated, and reinforce a culture of recognition.
• Employees feel valued and engaged, staying motivated and driven toward personal and professional growth through earned rewards.

With options like monetary incentives, gift cards, and recognition badges, the module enhances workplace satisfaction and drives overall productivity.

3. Who is the module intended for?

The Rewards module is intended for organizations and businesses of various sizes and industries. It is designed to help organizational leaders, HR professionals, and managers recognize the efforts of their employees, incentivize them, and enhance their engagement within organizations.

4. What are the suggested use cases?

Recognizing outstanding contributions: Appreciate both individual and team accomplishments, regardless of scale, demonstrating appreciation, elevating spirits, and reinforcing a culture of success.

Motivating employees: Motivate high performance by rewarding employees who achieve their goals, creating a culture of ambition, and driving positive results for the organization.

Promoting collaboration: Encourage teamwork and peer recognition by offering rewards for cooperation and supporting colleagues, fostering a strong team spirit, and facilitating collective success.

Celebrating impact: Highlight key project contributions by recognizing employees who make a significant impact, acknowledging their valuable contributions, and inspiring them to continue innovating.

5. What are the key features of the module?

• Customizable reward programs aligned with the organizational objectives.
• Multiple reward options, including monetary incentives, gift cards, and custom rewards.
• Social recognition is used to celebrate accomplishments within the organization.
• Engagedly offers a list of gamification rules, aligned with customizable system badges.
• Award points without badges to reward contributions.
• Award badges without points to recognize achievements while controlling costs.
• Reset points without affecting badge levels.
• Define the total points budget and select the budget period.

• Point budgets are allocated at various levels: CXO level (organization-wide recognition), manager level (direct reports recognition), or employee level (peer-to-peer recognition).
• Allocate extra points for manually selected employees beyond the set budget, enabling them to award peers for special contributions.

• Displays real-time cost estimation based on configured budgets and currency conversion settings.

6. How does it work?

1. Admins must enable the Rewards feature.
2. Employees can award points to others if the admins give them permission.
3. Employees receive a notification after they receive points.
4. Employees can redeem the points they have received by purchasing either gift cards or custom rewards.
5. Admins receive a notification when an employee redeems their points.
6. Admins can approve or decline custom reward requests made by employees.
7. Admins must distribute the approved custom rewards to employees manually.

Discover the power of Engagedly's Rewards firsthand: schedule a demo today and unlock the full potential of your organization!