How MyIncentive can promote regular office attendance and foster team unity

Company XYZ incentivises their team with a Wednesday morning coffee and a bi-weekly drink at the local bar on Wind Down Fridays to promote regular office attendance and foster team unity.

However, not all employees enjoy coffee or alcohol, leaving some feeling excluded from the incentives.

Here is an example of how a recurring MyIncentive plan can help:

1. Wednesday Coffee Incentive:

   • Value: $6 or 600 points.

   • Frequency: Weekly.

   • Purpose: Encourage regular office attendance and morning interaction.

     
     

2. Fortnightly Wind Down Friday Drink:

   • Value: $15 or 1,500 points.

   • Frequency: Every second Friday at 5pm.

   • Purpose: Foster team bonding and relaxation.

Note: all points are GEO locked and can only be claimed when employee attends the office or Friday drinks Find out more about Office Rewards

Employee A's Experience:

• Preferences: Enjoys coffee and the occasional alcoholic drink.

• Usage: Redeems coffee incentives every Wednesday and enjoys the drink on Wind Down Fridays.

• Outcome: Used up all their points by the end of the quarter, enjoying regular rewards that align with their preferences and contributing to team harmony.

Employee B's Experience:

• Preferences: Doesn't drink coffee or alcohol but enjoys socializing with the team.

• Strategy: Chooses to save most of their points rather than redeeming immediately.

• Outcome: By the end of the quarter, accumulates over $100 worth of points.

• Choice of Reward: Converts points to cash (loaded onto a digital Visa debit card) and purchases luxury Gold Class movie tickets for a special outing with their partner.

• Result: Employee B feels rewarded in a way that suits their preferences and lifestyle, contributing positively to their overall satisfaction.

Company's Achievement:

• Building Team Harmony: By offering diverse incentives, the company ensures that all employees feel included and appreciated, regardless of their preferences for coffee or alcohol.

• Flexibility: Employees have the flexibility to choose how and when to redeem their points, enhancing their sense of autonomy and satisfaction.

Company XYZ has successfully achieved its goal of fostering team harmony by implementing a flexible and inclusive incentive program. 

Employees A and B demonstrate how different preferences can be accommodated within such a system, leading to positive outcomes for both the company and its employees.