2. whatwedo
We offer an:
Online points based reward and
recognition system
WITH
extensive online catalogue
Proven to provide a cost effective way
to: Recruit talented employees
Retain talented employees
Motivate talented employees
Increase employee moral
Increase employee retention
Save time
Save money
Increase productivity
Drive postive behaviours
3. FeaturesandBenefits
Non Cash Rewards
A highly flexible non-cash reward solution with a
simple points reward currency
Extensive Catalogue
An extensive range of rewards priced fairly,
enabling participants to select a reward aligned
with their personal aspirations. Alternatively
amend the reward catalogue to include a bespoke
range of reward choices defined by you
Multilingual
Companies have many employees speaking many
languages, allow your rewards to jump over
language barriers and make sure your employees
stay engaged in your reward system.
Ad-hoc Branding
Branded to suit your corporate branding or
alternatively let us design a bespoke branding
look.
Reward alignment and consolidation
Allow multiple schemes to be consolidated into
one, easy to manage, user targeted platform.
Electronics Travel Event Tickets
Vouchers Wine Cinema Tickets
Experience
days
Discount
Codes
Gifts
4. whyflexrewards?
Whether you already have a flexible reward
scheme, are thinking about it or are still working
with only cash based rewards most companies
understand the need for some sort of reward
scheme to help recruit, retain and motivate
employees.
An effective reward and incentives strategy can
help motivate your staff to perform better, build
loyalty within your company or put yourself in front
of your competitors when recruiting. It can also
reinforce behaviours you want to encourage to
achieve your business objectives.
Flex Rewards helps you to...
Incentivize
staff
increasing
productivity
You are able to
reward employees
for day to day goal
completion
Gives you the edge
when recruiting
from a fiercly
competitive talent
pool
Recruit
ahead of
competitors
Cost
effective
alternative to
cash rewards
Allows you to
reward and
incentivize while
saving money
5. Theproblemsforacompany
The marketplace for talented hires is
extremely competitive - a company needs
to offer more than just a competitive salary
to attract the best
Once an employee has been recruited the
company must find a cost effective way to
retain them within the team
Motivating staff in a way that brings on long
term changes in behavior is difficult
Losing employees to competitors effects a
company because:
Re-hiring and re-training employees
is expensive
Your competitors gain a well trained
and talented employee
Finding ways to keep track of staff
productivity whilst improving employee
morale
HR teams do not have the resources or
technology to administer non-cash reward
schemes
6. “Many studies put the cost of losing an
employee at 1.5 - 2.5 x annual salary”
but consider the true cost...
Cost of hiring a new person
(advertising, interviewing, screening, hiring)
Cost of onboarding a new person
(training, management time)
Lost productivity
(a new person may take 1-2 years to reach
the productivity of an existing employee)
Lost engagement
(other employees who see high turnover
disengage and lose productivity)
Customer service and errors
(new employees take longer and are often
less adept at solving problems)
Training cost
(generally considered to be 10-20% of
annual salary)
Cultural impact (whenever someone leaves
can make others ask “Why?”).
Therealcostoflosinganemployee
7. TheCurrentsolutionsforacompany
Cash based monthly reward system along
with employee salary
easily forgotten and hard to associate
with individual goals
‘Employee of the month/year’ one off mo-
tivational non-cash rewards
out-dated, some employees may
never get close to a reward
HR team run employee reward scheme
expensive, hard to administer, time
consuming
Flex Rewards can deliver programs to a broad
range of industry sectors including retail,
pharmaceutical, utilities, manufacturing, hospitality
and leisure and financial services.
Flex Rewards has been developed to ensure that
levels of administration are kept to a minimum,
allowing our clients and their employees to focus
on core activities.
8. AnexamplefortheEMPLOYEEand
Meet Frank
Frank is a customer service agent, he
works hard but is un-motivated and
dis-engaged
His company want him to be more
productive but they already offer a
competitive salary
The solution? Flex Rewards
Every time Frank meets a goal
He receives 10 points
He sees in the reward store that
an iPad is 600 points
Frank is more motivated and more
productive - achieving his goals and
receiving an iPad reward
Employee = Motivated and productive
Customer = Extremely satisfied
Company = More profitable
“GREAT
FEEDBACK!”
9. FORTHECOMPANY
Meet ‘A COMPANY LTD.’
‘A Company Ltd.’ is a
medium sized enterprise.
Their salary scheme is competitive
but they have trouble recruiting and
retaining quality employees
The solution? Flex Rewards
‘A Company Ltd’ decides to implement a points
based reward and recognition program
A potential talented employee has to
decide between ‘A Company Ltd’ and ‘B
Company Ltd’ for his next career move
‘A Company Ltd.’ ‘B Company Ltd.’
Competitive salary Competitive salary
Company reputation Company reputation
Career progression Career progression
Non - cash rewards Non - cash rewards
Gains talented
employee
Loses out on
talent
10. usingFlexrewards
Flex Rewards allows the HR team or managers to
manage the distribution of awards easily, quickly
with minimal processing. We currently have two
ways of adding rewards:
‘Flex Managed Rewards’
Scheme managers provide Flex Rewards with
data in a pre-agreed format for upload to the Flex
Rewards database. The data will be uploaded
in bulk at a pre-agreed time, usually weekly or
monthly depending on scheme use.
‘Self Managed Rewards’ (coming 2016)
Scheme managers or administrators are able to
access the Flex Rewards database directly to
process awards. Depending on their agreed
access they are able to add rewards up to the
managers agreed limit set by the company.
Access can also be given to allow managers to
view awards, communicate with plan participants
or edit the rewards given to employees.
11. Stepstolaunch
Flex Rewards is easy to implement and our
experienced account managers and scheme
architects will help you devise, implement and
launch your Flex Rewards over a timescale which
you decide.
Whether you need a complete plan built from
scratch or you already have an idea of what you
would like - we are here to give you as much help
as needed from implementation onwards.
Scope - Budget, Scheme parameters, Objectives, Numbers
Contracts - Service Level Agreements, Specifications, Terms
Design & Setup - Brand, Features, Data Transfer, CS
Marketing - Communication templates, Timings, Events
Launch - Communication send, Initial reward processing
After launch - Analysis, Tweaks, User feedback.
contactus:
We’re happy to come to your office to answer any
questions you may have. Please contact us via:
021-5456-2471
info@flexrewards.cn
