Automating Employee Incentives:
How Corporate Visa Gift Cards Fit Into Your Digital Workflow

The Bottleneck in Manual Reward Processes

When it comes to efficiency in the modern workspace, the trick is quite simple: digitize what you can (especially repetitive and mundane tasks) to spare more time and resources for business-critical tasks.

In this case, you have to digitize your reward process, not just because you need to free up your HR and accounting teams for more critical tasks but also because you need to ensure fair rewards for all your employees.

Manual processes are often the right recipe for several factors that could dampen employee morale and motivation, including:

• Errors: It is not unusual for HRs and accountants to occasionally make computational errors that could result in an employee getting less than they deserve, or more than.
• Subjectivity: Manual processes are sometimes subjective, introducing favoritism in the rewards program. Consequently, some employees might perceive the program to be biased and inequitable.
• Lack of transparency: Still building on subjectivity, sometimes it is hard to define the criteria for rewards and how they are determined. Where this is the case, employees may be less motivated to put in their best.
• Poor scalability: As the team grows and indices of variables for rewards increase, the management team may find it more difficult to keep up with the task, short-changing some employees along the line.
• Unnecessary delays: In some months, HR may be able to compute the rewards on time, other months, they might not. When they don’t, the business suffers the brunt of disgruntled employees who have waited too long to get what they deserve.

You also have to consider the fact that manual inputs take time and generate lots of reports, resulting in lots of resource wastage for the company.

Integrating digitized rewards systems like corporate Visa gift cards in your workflow can make all these problems go away in a snap!

The Case for Digital Rewards Integration

So much about digital rewards and corporate visa gift cards for bonuses, but how do they even work?

From CRM and HRIS to extensive ERP systems, the modern work environment boasts an abundance of workflow tools that can easily be linked to reward tools equipped with corporate visa gift cards or similar digital reward mechanisms.

For instance, with any number of HRIS platforms, you can effortlessly automate employee recognition, rewards, and benefits. The system automatically tracks employee performances across set KPIs and automatically activates appropriate rewards when an employee meets a KPI.

If an employee meets a KPI by 1 AM, they get their rewards by 1 AM!

There are no delays, errors, subjectivity, or opacity.

Yet to integrate these modern corporate systems into your workflow? There are still other avenues to digitize your reward process.

Corporate Visa gift card providers enable business owners and managers to create a company account on their platform. This allows you to purchase and manage as many physical or virtual gift cards as you need to implement employee incentive programs successfully.

You can manage everything from a single account from the comfort of your smartphone or laptop. Yes, it is that easy.

Now that you know the how, let’s look at where you can apply digital rewards.

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Use Cases in Automated Environments

Digital rewards ensure automatic issuance of awards in various scenarios, including for:

• Achieving KPIs: Modern CRMs allow businesses to track critical employee KPIs in real-time, including the number of clients added to the CRM, number of outbound sales calls completed, customer satisfaction score, close rate, and upsell/cross-sell. These and similar KPIs can be automatically rewarded immediately after an employee meets the target.
• Completing training: You can integrate digital rewards in your learning management systems to encourage employees to take their educational courses and development or training programs more seriously. The system automatically rewards employees who complete their learning on time or with excellence based on your instructions.
• Anniversary/onboarding: Happy employees, happy business? Let your employees know that they are dear to the company by integrating corporate Visa gift cards into your company’s HRM platform. This will automatically send out visa gift cards with custom messaging to employees after onboarding, on their anniversary, and on other important occasions.

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Besides enhancing employee experience, you can equally leverage digital rewards to boost customer engagement.

For instance, Buy Now Load Later (BNLL) options offered by Awards2Go and other corporate visa gift card providers also allow you to automate rewards for survey participants through various marketing tools.

We have the how and where covered; let’s go for the whys.

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Benefits for Finance, HR, and Operations

The manual rewards bottleneck averted by digital rewards already highlights some great “whys” to maximize digital rewards.

Here are more benefits you will enjoy:

• Transparency: No bulky and confusing (or even missing) paper trails. Everything is documented and visible up to the point you started using digital rewards. You can easily pull records and automatically balance your books.
• Cost control: Corporate visa gift cards are prepaid, allowing you to load desired amounts on an as-needed basis, set limits on each gift card, and also get real-time reports on gift cards set aside for company expenses.
• Integration with processes: Digital reward systems allow easy integration with company-wide digital platforms (including CRM, HRM, HRIS, LMS, ERP, etc.), reports, and recurring campaigns.

This level of digitization with corporate visa gift cards enables small businesses and enterprises to effortlessly cover all the key bases for employee satisfaction without breaking a sweat.

More so, it saves you a whole lot of time and resources, creating avenues to boost productivity and efficiency.

Conclusion

There is no doubt that recognizing employees, clients, and partners is very important for business success.

Ensuring that your employees are happy and motivated is one way to ensure that your clients and partners are also happy. And this is something digital rewards help you achieve.

Smart businesses are fast adopting corporate visa gift cards as their go-to strategy for implementing flexible and scalable digital reward systems that truly deliver.

This is your cue to check out renowned corporate visa gift card providers, like Awards2go, to get custom corporate visa gift cards for your business.

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