Wealth management firm Towry uses a traditional incentive mechanic, a pre-paid MasterCard (Spree card), to deliver flexible benefits for its staff.
Employees have the option to load funds onto the Spree card, which is provided by P&MM Motivation, and can get 5-15% savings at selected retailers. Towry also uses the card to pay staff any amount that remains in their flexible benefits fund. To date, 35% of its employees have opted for their benefits to be loaded via the Spree-flex card.
Adrian Duncan, business development director at P&MM Motivation, says other employers have taken this one step further and also pay incentive and recognition payments onto the card.
“This means that one mechanic can be utilised to deliver a range of reward solutions across different objectives while minimising costs and system fees,” says Duncan.
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