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Reward Program

Reward Programs have become a standard offering in today's corporate climate. A properly structured reward program can help keep employees engaged, increase productivity, or reduce costs. WRL provides Visa or MasterCard Reward Cards for a variety of recognition programs because they easy to implement and manage, they can be branded with your company logo, and Reward Cards allow your recipients to treat themselves to what they want.

Sample Clients:

Examples of employee reward programs:

  • Ongoing points program
  • Service Awards
  • Safety programs
  • Health & Wellness initiatives
  • Customer Service incentives
  • Holiday Gifts
  • On-the-spot recognition
  • Team achievement rewards

The Evolution of Employee Rewards

Employee recognition programs have increased dramatically over the past 20 years as corporations are realizing the increased performance and retention associated with these programs. Over that span, the rewards given out associated with those programs have evolved as well. Here is a quick overview of some common rewards and why many companies are now predominantly using a Network Branded Prepaid Card.

Cash or Checks

  • The rewards are quickly forgotten
  • Not typically used for reward types
    of purchase
  • Additional work for accounting
  • More complex tax liabilities
  • Employees eventually feel a sense
    of entitlement

Merchandise Catalogs

  • Limited branding opportunities
  • Items are typically overpriced
  • Additional administrative work
  • Longer delivery times
  • Limited selection, chance of
    alienating employees

Merchant Gift Cards/Certificates

  • No branding
  • One merchant will not be attractive to all employees
  • Not FDIC insured. Potential of lost value for bankruptcy
  • Typically limits employees to non-essential purchases

Visa Prepaid Reward Cards

  • Constant reminder of your brand
  • Limitless choice... used anywhere Visa is accepted
  • Immediate delivery or instant fulfillment for reloadable cards
  • Reduced accounting and operations cost

 
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© WRL, LLC & A Wolfe LLC Company :: 1999-2011

The WRL Visa Reward Card is issued by CenterState Bank of Florida, NA pursuant to a license from Visa U.S.A Inc.
The WRL MasterCard Reward Card is issued by CenterState Bank of Florida, NA pursuant to a license from MasterCard International Inc.
Discover® and the Discover acceptance mark are service marks used by CenterState Bank of Florida, NA under license from Discover Financial Services.
The WRL SelectSpend Discover Card is issued by CenterState Bank of Florida, NA.