Launch of Online Reward and Recognition Program for HR in Hong Kong

HR in Hong Kong can now offer employees rewards and recognition through a points based rewards solution. Total Loyalty Company, the Hong Kong reseller of the Power2Motivate points solution, launched the product today at the HR Magazine conference.
 
Feb. 23, 2012 - PRLog -- Total Loyalty Company launched a new product at the February HR Magazine conference; the Power2Motivate (“P2M”) points based reward solution.  This is the first time the online reward and recognition program is available through a local company in Hong Kong.

The topic of the February HR Magazine conference was Compensation and Benefits Strategies, where over 200 HR delegates were in attendance. The general trend discussed was the increasing importance being placed on non-monetary rewards. Various speakers discussed that now more than ever companies need to start thinking about how to offer non-monetary rewards.

P2M was introduced to delegates as an innovative solution to providing non-monetary rewards. The use of points as an incentive and reward for staff means companies can use this system to reward staff on a wider range of actions. Sam Lau, Managing Director of Total Loyalty Company says, “We are excited to introduce this innovative incentive program to Hong Kong providing companies with an alternate solution for when big cash bonuses are no longer feasible. Just like credit card reward points encourages repeat behaviour, the use of points to reward employees will help companies encourage repeat actions to achieve better results”.

The points based program facilitates continual year-round motivation for employees to perform and achieve the company’s desired behaviour’s and goals. By assigning points to a particular behaviour, employees are encouraged to work toward achieving that behaviour to accumulate the points they need. Accumulated points can be redeemed from an online rewards catalogue in which companies can choose to use the existing products, or they can populate it with products of their choice.

An ideal tool for incentivising sales targets, reinforcing positive behaviour and recognising milestones, the idea of points based rewards has been a proven solution in the U.S. and U.K., with in excess of 1.2million employees using the Power2Motivate software solution already, including companies such as Cisco, Jetstar, Mercedes Benz and Colgate-Palmolive.

Total Loyalty Company provide loyalty marketing solutions for employee rewards, staff social clubs and client loyalty programs. Its TLC My Rewards program is a game changing solution for companies, offering social events and staff privileges as a way to better engage with staff and provide a practical work/life balance workplace. For further information on the services of Total Loyalty Company visit www.totalloyalty.hk or contact Marketing Manager, Mikki Gould at mikki@totalloyalty.hk

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Total Loyalty Company offers Staff Social Club outsourcing solutions to companies in Hong Kong. They provide a completely customised program including company branded websites, membership cards, regular social events and a wide range of discounts.
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Tags:Employee Benefits, Employee Rewards, Employee Compensation, Recognition, Motivation, Incentivise
Industry:Human resources, Business
Location:Hong Kong Island - Hong Kong
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Page Updated Last on: Feb 23, 2012
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