Reward Beans and ISAs

Rewarding employees is the simplest way to boost happiness within your workplace, and recognise the work that gets done by your hard working employees. In a recent survey, 37% of those asked said that personal recognition would encourage them to produce better work. If your company wants to improve motivation and retention, offering employee savings through Reward Beans is the best first step!

So what are Reward Beans? Reward Beans are My Staff Shop’s digital currency. One Reward Bean is equal to 1p, and Reward Beans can be earned and used throughout the platform. They are also offered as an enhanced discount. Instead of members taking an instant discount on gift cards, they can choose to earn Reward Beans at a higher rate, maximising their savings!

Reward & Recognition is a great offer that goes hand in hand with Reward Beans. Providing your employees with Reward Beans for a job well done means that they are able to choose from a wide range of retailers to redeem their reward. From electronics, clothing brands and holidays; to supermarkets, cinemas and DIY. Unlike other reward vouchers, offering reward beans makes rewards a unique incentive, so that each employee can use their rewards for something that they really want and need, rather than receiving a fixed voucher for a retailer they perhaps don’t use. 

My Staff Shop members can also “bank” their Reward Beans, as the great news is they don’t expire like other highstreet reward vouchers! Members can set savings goals and watch their Reward Bean pot increase with every saving, or even add their earned Reward Beans to an ISA to maximise their savings and let their rewards go further. 

29% of employees say cost-of-living-related financial worries have negatively impacted their productivity at work. When money is tighter and everyone is feeling the pinch, relieving some of the pressure by offering staff rewards will not only set you aside from companies who don’t consider their employees wellbeing, but also encourage employees to put their best into the business. 

To learn more about employee benefits for your workplace, contact our team for a demo.