Employee reward and recognition are considered to be one of the key drivers or enablers of continuous improvement. It can facilitate employee commitment and encourage participation. It is a cost effective, valuable and appropriate way of recognizing a wide range of “good” behaviors and you can have fun with it as well to celebrate a huge variety of successes. Research showed that most companies in the United States spent between 1-2% of their total payroll outlay on employee reward and recognition programs as non-cash award, gift cards and merchandise. However, the spending on this program is not effective nether does it meet the target of the corporations because the majority of gifts and non-cash recognition programs are not usable to employees thereby end up WASTEFUL and DISCARDED, and that is why the UNIVERSAL RECOGNITION TOKEN (URT) platform is here to place value on those unwanted reward and recognition gifts of the employee. Like we are all aware of this that before an idea come to your mind is as well been revealed in the mind of a thousand persons.
URT as a platform has conceived and birthed this idea of leveraging blockchain technology to magnify employee satisfaction and at the same time minimizing employer cost and waste.
The main goal of URT platform is to create a virtual marketplace that allows employees to auction gifts while preserving the value of those gifts for later use and/or accumulation toward higher-value gifts.
HOW DOES THE URT ECOSYSTEM WORKS?
When an employee receives recognition rewards, he can decide to redeem it, exchange it with cash or use to purchase other desirable gift within the marketplace (gifts of equivalent values can also be swapped). Alternatively, the employer can choose to credit employee with internal reward points or miles that has the equivalent value of cash and is redeemable for prizes off of a fixed-prices prize menu. Concluded deals are then monitored by the URT team to ensure that all respective participants get their purchased goods and payments respectively.
In conclusion, there are lots to benefits that urt offers. To mention but few are;
• It places value on unwanted employee’s gifts or rewards
• It helps HR to make accurate selection of gifts to be utilized as corporate rewards.
• It reduces employers cost and waste.
TOKEN DETAILS
TOKEN SYMBOL: URT
CATEGORY: HR-tech
PLATFORM: ERC20
PRE-SALE TOKEN PRICE: $0.08
CROWDSALE TOKEN PRICE: $0.12
SOFT CAP: $3,000,000
HARD CAP: $35,000,000
TOKENS FOR SALE: 437,500,000
TOKEN SUPPLY: 875,000,000
ACCEPTING: ETH, BTC, Fiat
BONUS: Tiered, from 50% to 5%
Urt is one of the best projects that can be found on the internet. Strong team and demanded product! Join now and you will never regret you do so.
For more information visit;
WEBSITE: https://urtoken.net
TWITTER : https://twitter.com/ur_token
FACEBOOK: https://www.facebook.com/urtoken
WHITEPAPER: https://s3.us-east2.amazonaws.com/urtoken/URTWPv07b.pdf
MEDIUM : https://medium.com/@urt
AUTHORED BY: mrmikeo
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