When it comes to companies finding ways of thanking clients and rewarding employees, the days of sending someone out to purchase store or mall specific vouchers, flowers or chocolates is over. Now, using Scan to Pay, the solution to corporate gifts and payouts is seamless, efficient and online.
What are corporate payouts and who do they benefit?
Everyone loves to feel valued, and incorporating staff payouts into a business strategy is essential for any company for boosting employee morale, motivation and employee retention, and ultimately for driving improved business growth and productivity.
Corporate payouts include client loyalty schemes for customers, giving most valued guests, regular and repeat users of your services, or purchasers of your products, a gift that thanks them for their patronage. These kinds of acknowledgements go a long way in customer retention and may earn a company new clients through word of mouth recommendations from recipients of these payouts.
In the workplace, rewarding employees for reaching or exceeding sales targets and departmental or individual key performance indicators (KPIs) is often part of worker retention programmes. These rewards motivate and encourage workers to do better, giving them more job satisfaction, thereby contributing to lower staff turnover and overall company performance.
Having a reward and/or bonus programme in place also enhances a company’s reputation, making them a more desirable employer, able to attract top talent.
Annual bonuses for qualifying staff are another form of corporate payout and are a means of keeping staff focused throughout the year, as they constantly measure themselves against set goals that will earn them their reward at the end of a designated period.
So, corporate payouts are an investment in a business, providing benefit for both employer and employee, as well as for customers. However, even though many companies recognise this, the admin around managing payouts can be a deterrent to implementing company-wide reward programmes.
While handing out individual rewards may be easy enough for small to medium sized companies, regular and group payouts and annual bonuses that go to an entire workforce can be a nightmare to administer. Enter Scan to Pay’s corporate payout solution. Scan to Pay simplifies loyalty and reward programmes for businesses through its comprehensive voucher solution. Scan to Pay offers companies a simple to use, seamless platform for the administration of incentives, rewards, bonuses, birthday acknowledgements, long service awards and even for grants and funding and reimbursing expenses, with a full expense management tool. There are no pre-paid cards, the system is cashless and has no distribution costs.
How does it work?
Scan to Pay’s portal makes the distribution of individual or bulk gifts efficient and easy for both giver and recipient. Vouchers are sent via the portal to the recipient’s cell phone number. Redemption is via the Scan to Pay app and is available immediately once the cell phone notification is received.
The flexibility of Scan to Pay means that multiple rewards, each with a different value, can be paid out by companies via the portal. For recipients, the choice of how and where to spend their reward is almost endless. Scan to Pay is the largest QR ecosystem in South Africa, and is the QR payment platform of choice of more than 700 000 acceptance locations. Beneficiaries may choose to use their voucher for a spoil in store or on online shopping sites. Alternatively, they can be used to buy essentials such as airtime or even to pay bills.
For businesses that have considered instigating a rewards programme but were put off by the hassle of managing payouts, Scan to Pay streamlines loyalty and reward programme management with its self-service portal. At a time when everyone is fighting for their place in difficult economic times, investing in human capital is the best move a company can make, and with Scan to Pay, all the headaches of how to do this through corporate payout programmes have been taken care of.
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