When 82% of individuals “don’t think they’re recognized for their work as often as they deserve,” it makes sense that feeling under appreciated is the number one reason employees quit their job. When an employee does quit, it costs the employer 16-213% (based on seniority and niche) of their salary to replace them. This means the average $40,000 employee costs an employer $8,000 to replace. On the flipside, we also know that having a value-based recognition program has a 68% positive impact on employee retention. Beyond that, “organizations with the most sophisticated recognition practices are 12 times more likely to have strong business outcomes.” Reward, a blockchain-based incentive system that fosters value- driven, company-wide recognition and engagement through peer-to- peer networks. REWARD aligns the interests of the employer and the employee in a dynamic new way. By giving peers the ability to recognize specific teams and team members, company-values and goodwill are exchanged while the employer can measure the interactions between teams and individual peers, monitor potential employee churn, and see how increased teamwork impacts the bottom line.
Reward is a blockchain-based incentive system that enables company-wide collaboration through peer-to-peer rewards. The Reward system encourages employee cooperation, improves company morale, and increases productivity. Reward’s peer-to-peer platform boosts individual recognition, fosters relationships, and helps employees understand the skills they need to improve. This creates a continuous positive feedback loop which recognizes employees for their day-to-day tasks and encourages them to improve their contributions to the company.
Team Building First customers interviews Vision
Product development UX building Additional team & advisors members First customers intentions
Product building wth first customers Dev sprints Team expansion Additional customers First partnerships
First US & APAC interviews Smart contract & product Roadshow (customers & funds) CRM Partnership
Debit Card partnership US Offices Additional US customers Additional partnerships
Public crowdsale V1.0 Product release (App & first analytics tools) Media coverage Additional customers & partners Customers platforms integration
V2.0 Reward platform Begin of our protocol development AI & learning on platform analytics Launch of the skills-based user profile