Want to know a bit more about the Rippl platform? Or perhaps you just want to understand a bit more about incentives, recognition or rewards. Find all the answers to the most commonly asked questions here.
In an increasingly competitive market for recruitment, implementing a well-thought-out employee incentive, recognition and reward programme can help your organisation stand out from the crowd, developing your employee value proposition. Offering all three elements ensures you fulfil the needs of your various employees, who are all motivated and engaged in different ways.
This varies massively depending on the culture of your organisation and the budget you have available. Some of our customers spend £20/€25 per head annually and others spend much more if they are running large-scale incentive programmes. You should ask yourself what is expected as part of the employee experience and the return on investment you can get out of your reward spend.
Depending on the value provided, employee rewards are taxable. You should seek guidance from the relevant government agency for your country to see a full breakdown of how much an employee can receive before tax.
Rippl has a digital voucher catalogue containing over 700 global brands. These vouchers are sent directly to the employee’s email to be redeemed in-store or online instantly (depending on the retailer). You can upgrade the catalogue to include retail discounts as part of your employee benefits programme.
Launching an employee recognition and reward programme can vary depending on the size of your organisation and the complexity of the hierarchy and data. Typically, we allow between 6-8 weeks for onboarding a customer onto their Rippl platform.
We believe it’s very important to track the return on investment when implementing an employee engagement platform. You can do this with Rippl by utilising the reporting area. This allows you to measure the impact of incentives, recognition and reward on your staff turnover rates and other metrics such as employee absence or satisfaction. By measuring the impact on employees, we can attribute financial values and calculate potential money saved by having employee incentives, recognition and reward in place.