Employers are looking for more innovative methods to recognize and motivate employees in smaller ways throughout the year, and Bonus Bucks are the first of many ways we plan to help them do that with our new Rewards Center.
Los Angeles, CA (PRWEB) December 06, 2011
BetterWorks, the company that helps small and medium-sized businesses “Make Work Rewarding,” is expanding the ways employers can use the BetterWorks Perks Platform to recognize and reward employees. “Bonus Bucks” are a new and easy way for companies to give instant, personalized bonuses to deserving employees.
From rewarding an employee for an awesome job during a recent client pitch, to recognizing the best performers in a quarterly sales contest, Bonus Bucks work for every occasion. Unlike traditional cash bonuses, Bonus Bucks are deposited directly into an employee’s BetterWorks account, so they can be used at the recipient’s favorite local restaurants, spas, gyms and more. This allows employees to enjoy their Bonus Bucks whenever and however they choose. By tying bonuses to perks, Bonus Bucks allow employers to give financial rewards worth more than their monetary value alone.
On the BetterWorks Perks platform, small and medium-sized businesses get access to the same perks that are normally reserved for large corporations. Through a single, easily accessible web interface, employees get exclusive corporate rates on food delivery, house cleaning, pet care, gym memberships, spa services and more. BetterWorks makes it easy for employees to find and purchase any perk that interests them, using either a personal credit card or an employer-provided monthly perk budget.
BetterWorks CEO, Paige Craig, said Bonus Bucks are the first offering in the new BetterWorks Rewards Center, a centralized hub for companies to manage employee recognition, reward and retention efforts.
“We came up with Bonus Bucks to help employers reward employees at any time, in any amount,” BetterWorks CEO and co-founder Paige Craig said. “Bonuses no longer need to be viewed as a once-a-year payment that just disappears into a bank account. Employers are looking for more innovative methods to recognize and motivate employees in smaller ways throughout the year, and Bonus Bucks are the first of many ways we plan to help them do that through our new Rewards Center.”
“I love the idea of being able to provide immediate bonuses to our employees through Bonus Bucks. The concept is exactly the type of creative rewards program we have been looking for; one that encourages employees to treat themselves to perks and experiences that truly interest them, such as dinner out with friends, spa services, or a paid dog walker,” said the Rubicon Project’s People & Culture Director, Mallory Maske. “Also, we plan to use it as a platform to enable our team members to reward their peers for hard work and accomplishments -- an all around win for everyone involved.”
BetterWorks’ company mission is to help small and medium-sized businesses recognize, reward and retain employees by “Making Work Rewarding”. The BetterWorks Perks Platform helps small and medium-sized business reward employees with big-company style employee perks. The online platform makes it easy for employers to manage and measure employee perks programs. The company is venture-backed by Redpoint Ventures, SV Angel, SoftTech VC, 500 Startups and others. Currently available in Los Angeles, San Francisco, Austin and select areas of New York City. To sign up in minutes, visit: http://www.betterworks.com.