Top 5 benefits of budgets
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Written by Richard Toplisek
Updated over a week ago

Budgets help you seamlessly plan and manage your reward and recognition programme by organising your Reward points budget — and aligning it with your existing initiatives.


1. Reduce the admin burden

Aligning your Perkbox rewards budgets to your existing initiatives means you can easily track and report on your spending per initiative. Our system monitors every Reward point — from purchase to allocation — throughout your entire organisation.


2. Empower your managers to reward for the right reasons

When you allocate points from a specific budget to your managers, they will also see it reflected in their manager wallet. This helps you guide them around the types of reasons to reward their team. You can also add a personal note to further explain how to use their points.


3. Plan ahead and save

When you allocate points to an initiative, you can rest assured that these points will be there when the time eventually comes to use them.

This enables you to plan your initiatives well in advance — which in turn means you can benefit from bulk purchases and get better discounts on the service fees.


4. Monitor initiatives to improve decision making

Having greater visibility of your custom budgets — covering everything from purchase to spending — is essential. It allows you to identify what’s working, what needs more attention and helps maintain a consistent reward and recognition experience across the business.

For example, seeing how managers are using their budgets allows you to follow up and ensure your initiatives have maximum impact across all the teams.

And if an initiative doesn’t land and needs to be changed — you can always edit it at any time.


5. Scale your reward and recognition programme

No matter what stage you’re at in your reward and recognition journey, Perkbox can help you take steps forward. We’ve built in recommendations and common budget types to help scale your initiatives and budgets — or if needed, to start them from scratch..

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