Objective:
In this article you will learn how to configure abenefit with points, which will allow you to offer a flexible benefits menu. This way, employees can choose which benefits to use according to an assigned points budget.
Scope / Limitations:
A flexible points-based benefits menu can coexist with traditional (non-points) benefits.
Benefits may have other restrictions, such as the number of times they can be requested.
For an employee to request a points benefit, they must havesufficient balanceavailable.
Definitions:
Benefit points:It is the amount deducted from an employee's balance when their benefits request is approved.
Benefit points balance:It is the difference between the points assigned and the points already used on benefits.
Insufficient balance:If a benefit costs more points than the employee has available, they will not be able to request it.
Equivalence:Some companies convert points to their local currency (example: 1 point = $1,000). However, this equivalence is not required to implement a points-based menu. 👉 Also check the articleHow to assign points to your workers?
Rationale and applications:
The points system allows you to expand the benefits offering without increasing spending, since you can assign periodic budgets to employees.
This gives them the freedom to redeem different benefits according to their needs, fostering a more personalized and flexible experience.
Required configurations:
Before creating a points benefit, you must make sure that:
- You have the Benefits Module.
- You have the “Benefit points” option enabled.
To enable the Benefit points option:
- Go toBenefits > Settings > Other settings.
- Enable the option“Activate benefit points”.
- Save the changes.
After that you can go directly to create your benefit as usual from Benefits > Settings > Create Benefit
Creating a points benefit
- Go to Benefits > Settings > Create benefit.
- Complete the basic benefit information.
- Check the option“On Request”in the section“What is the benefit approval process”so that the Points option is displayed.
- In“Other settings”you must indicate the number of points in the box
- Publish your benefit.
- On the employee portal it will appear as follows:
👉 Important: also remember to assign a points amount to each employee so they can redeem this benefit.
On the employee portal, the benefit will be shown with the defined points cost.
Required Modules:
Base:People management.
Modules:Benefits.
Keywords:
Benefit points, flexible benefits, assign points
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🤖 This article was translated using artificial intelligence. View original article.