Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, June 30 2022 - 12:33
Perkbox launches world's first holistic Global Reward tool for a borderless world
LONDON, June 30, 2022 /PRNewswire-AsiaNet/ --

Perkbox ( ), the global 
benefits and reward platform, today announces its new Global Reward tool to 
help employers reward and recognise their people wherever they are located.

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With conventional rewards and benefits no longer enough to remain competitive 
in an increasingly candidate-driven market, employee turnover is still on the 
rise. Perkbox has developed the first-of-its-kind Global Reward to address 
these challenges and propel businesses to manage reward and recognition in a 
way that's uniquely future fit for a multi-locational workforce.

It enables employers to build an easy to execute, non-labour intensive, 
employee reward strategy. One that gives people the power of choice and unlocks 
peer-to-peer appreciation and recognition anywhere in the world, whether 
in-office or fully remote.

Global Reward is a currency agnostic, fully borderless, points-based reward 
system that allows managers to allocate rewards as points instantly to 
employees anywhere. Employees can then choose how to spend these points – 
opting for anything from a meal delivery service to an exercise class. The 
pioneering system empowers people to choose the rewards that bring them the 
most value and positive impact on their lives.

Gautam Sahgal, CEO, Perkbox comments: "Borderless working is an increasingly 
prevalent trend. Yet businesses are grappling with their traditional rewards 
and benefits processes that haven't kept pace with this evolution in working.

"Global Reward marks our first phase in providing rewards and benefits for a 
borderless workforce, with more exciting innovation to come. It offers a simple 
and seamless process of planning and allocating reward budget, and unlocks 
rewards equity for employees across an organisation.

"In the current global talent market, a powerful reward system is the 
cornerstone of being able to attract, retain and nurture talent amongst stiff 

Delivering value across the company

    -- HR teams enjoy a simplified process for planning rewards and the reward 
       budget, removing the need for manual intervention. HR teams can 
       facilitate an easy to implement, truly global experience that offers 
       consistency for all employees as the company evolves
    -- Managers have a hassle-free and unique way to reward their teams in 
       real-time, wherever they are located. The new offering removes 
       uncertainty around what value a reward has in different markets, making 
       the process seamless and quick
    -- Employees can choose the rewards that are most useful to them. And will 
       also see their efforts are being recognised by managers
    -- Finance teams find it much easier to drive budget decisions and 
       activities. Budget allocation is simplified with purchasing power 
       parity and currency exchange concerns removed

Fanuc, an automation products and services company based in Japan with a UK 
office trialled Global Reward as a beta test.

Kerry Booth, Head of Human Resources, Fanuc,  commented: "We're excited to 
introduce Global Rewards to our team. Even in beta testing, our managers 
appreciate the simplicity of the platform, and the ability to reward their 
teams for their hard work in an effortless manner. Before this innovation there 
was no way of offering a reward instantly in recognition of great work; we 
would often have to wait for a one-to-one meeting to thank employees. Rewards 
are integral to our people strategy and motivating our people - Perkbox is now 
a central part of us recognising and celebrating our teams."

About Perkbox

Perkbox is the global benefits and rewards platform that allows companies to 
care for, connect with and celebrate their employees, no matter where they are 
and what they want. With over 10 years' experience, Perkbox is trusted by more 
than 4,500 companies across 51 countries and counting. Its location agnostic 
platform helps companies with diverse and dispersed workforces harmonise their 
Employee Value Proposition (EVP) — keeping each employee happy, healthy, and 

SOURCE  Perkbox