"...it helps engage a higher percentage of the workforce within your company. It ties rewards to performance and action, and the social recognition becomes its own currency.”
(PRWEB) May 23, 2012
Loyaltyworks, a leader in providing business incentive programs and employee recognition programs, is proud to announce the launch of their new HR application – The RewardTrax Total Recognition Suite.
The Total Recognition Suite helps companies improve their levels of recognition and engagement in their employee recognition programs and their business incentive programs, which are both major contributors to a company’s recognition culture. This suite is the latest addition to RewardTrax, Loyaltyworks’ Software as a Service (SaaS) platform that is the backbone of all their incentive and recognition programs.
The Total Recognition Suite was created to provide the structure necessary for you to build an integrated reward and recognition program for your organization. It reinforces individual contributions to your company by broadcasting recognition over a company wide social platform. The Total Recognition Suite includes many different components, and any or all of them can be utilized. The components include:
- Service awards
- Birthday acknowledgements
- On-the-spot recognition
- Peer-to-peer recognition
- Nomination processes
- Suggestion awards
- Associate referral program
- Sales referral program
- Surveys and quizzes
- Performance management
One of the main features of the new application suite is the introduction of a company social platform for your employees and participants to share their accomplishments on – a wall. Employees use social networking as recreation in their free time, so RewardTrax has tapped into this activity with the Total Recognition Suite. Dan Leong, Loyaltyworks’ VP of Product Development says, “when someone does a peer-to-peer ‘attaboy,’ make a suggestion, or give a sales lead, it’s posted to the company’s internal wall, and other people in the company can acknowledge it.” He also says that, “employees will begin to see the recognition of others posted on the wall, and will begin to get ideas on how to receive acknowledgement themselves. That’s how it helps engage a higher percentage of the workforce within your company. It ties rewards to performance and action, and the social recognition becomes its own currency.”
RewardTrax is a Web-based incentive platform that provides custom business incentive programs and employee recognition programs. Loyaltyworks uses RewardTrax as the basis for all of their incentive programs in order to boost performance for a wide range of goals, including higher employee engagement through recognition.
Loyaltyworks creates and manages full-service, custom business incentive programs and employee recognition programs, including channel sales promotion and loyalty programs, customer loyalty programs, sales incentive programs and employee recognition programs. Loyaltyworks powers its incentive programs with a powerful online platform – RewardTrax. They offer full customization of programs, including: program design, communications, management, reward fulfillment and performance measurements. To learn more about Loyaltyworks’ business incentive programs, visit http://www.loyaltyworks.com or call 1-800-844-5000.