Sodexo has unveiled a product that enables employees to select their own rewards up-front, ensuring that the incentives are tailored to fit each member of the workforce.
Called Performance Suite, the product converts objectives set by the employer for the employee into targets that, if met, will result in their pre-selected reward being awarded.
Employees will be able to choose from multi-option shopping vouchers, try-before-you-buy gifts, such as perfume, and up to 3,000 products, including digital cameras, handbags and jewellery, all featured in a catalogue. Employers will set higher objectives for the more expensive prizes that are selected.
The points-based scheme allows employees to check their ongoing performance online. They will also receive regular updates via their preferred method of communication, including email, text, newsletter or fax.
Employers will be able to monitor employees’ progress online and even calculate the return on investment that they will get from running the scheme.
Kevin Harrington, research and development director at Sodexo, said: “We have a calculator so that employers can calculate how much extra business a scheme will deliver and work out whether it would be profitable to deliver.”
The product forms part of a new service for HR personnel called SayMotivation that encompasses all the motivation services available from Sodexo, including SayShopping multi-option vouchers and Vivaboxes.
Published 1 September 2008 in Employee Benefits magazine.
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