How to increase staff income at no cost for business?
For the employers, the benefits are:
Employee income boosted without additional payroll costs.
Improved staff retention, morale, and service levels.
Easier recruitment through referrals.
Data gathering and analytics for the business: understanding the frequency and average amount of tips received by an employee provides valuable insights into their commitment and performance.
Privileges and special offers for the most generous patrons.
Possible integration with existing loyalty programs.
Open API for partner project integration.
For the employees, the benefits are even better:
Instant access to tips; not having to wait for days for the funds to become available in their bank accounts.
Not having to walk home with cash tips.
vCards or physical cards can be used to pay for purchases and expenses, especially if employees are unbanked.
Easy to track income for financial reporting purposes.
Related articles
Over the last few years, we have been observing a paradox. On one hand, people have become more grateful and involved...
We’re sharing some best practices to make your QR code strategy a success