Product Spotlight

Why we developed Budgets

Since launching our currency agnostic Rewards system in mid-2021, we’ve been gathering feedback from HR teams and managers, to enhance the experience and ensure our platform meets all of your needs.

A lot of our customers drive multiple reward and recognition initiatives through our Rewards system. Streamlining and simplifying the process is something that has come to the forefront to help with:

  • Adding existing company initiatives and being able to manage these budgets separately
  • Scheduling rewards in advance and not worrying about having enough points in the wallet on the day
  • Further empowering managers to reward for the right reasons

That’s why we’ve built Budgets — a feature that allows you to manage your reward and recognition programme in a way that works for your organisation.

How can Budgets help you?

Budgets help you seamlessly plan and manage your reward and recognition programme by organising your Reward points budget — and aligning it with your existing initiatives.

Here are 5 ways Budgets can help you:

  • Reduce your admin burden by simplifying the set-up and management of your Reward points budgets
  • Empower your managers to reward for the right reasons
  • Plan ahead by organising points into different initiatives, so you can schedule them in advance
  • Improve decision-making by having a better visibility of your spending per initiative
  • Scale your reward and recognition programme as your internal initiatives grow


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How to get started with Budgets

It’s easy to get started with Budgets, and to make sure you have the support you need, we’ve added set-up guides to the platform that you can refer to at any time.

All it takes is three easy steps:

  1. Make a list of initiatives in your existing Reward and Recognition programme
  2. Add these initiatives as Budgets within the Perkbox platform
  3. Use these Budgets when topping up, sending points to managers or giving them to the team

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Final thoughts

Budgets are a seamless way to plan, manage and execute your reward and recognition programme. With this feature, you can focus on implementing, improving and growing the programme, rather than managing the admin tasks around it.

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