Convert Reward Points to Cash
You can now have employees convert their reward points to cash. They'll receive the equivalent amount in their next paycheck.
Here’s how employees convert their points to cash:
- Click Navigator > Me >Show More> Celebrate under Celebrate.
- Click Points from the navigation menu.
- Click Convert Points to Cash.
- Enter the points to convert.
- Click Submit.
This enhancement streamlines the reward redemption process, reducing complexity and administrative workload. It encourages greater participation in recognition programs by offering a tangible and desirable reward option.
Steps to Enable
Here’s how you enable points-to-cash conversion:
- Click Navigator > My Client Groups >Show More> Configure Global Settings under Celebrate.
- Ensure that the Reward points and Redeem Points options are selected.
- Select the currency to which you want the points to be converted and enter the conversion rate. For example, you can select USD as the currency and 2 as the conversion rate to indicate that 2 points are equivalent to 1 USD.
- Select a payroll element or click Add Payroll Element. After the conversion, the equivalent amount is paid through element entries.
- Click Save.