This article shows the different options for rewards and bonuses which a partner can give to a team member.
Offering a well-deserved reward or bonus to your team member can impact your team and business in various ways:
- Motivates team members
- Builds loyalty and trust
- Makes team members feel like they are part of the team
- Directs them toward accomplishments and achievements
- Feeling rewarded helps team members choose to grow with your team
Types of Team Member Rewards from Partners
1. Cash bonus
- This really depends on what you’re rewarding the team members for. We have seen a range of amounts anywhere from 50 to 250 USD. There have been times where partners have provided 500 to 1000 USD but that’s more of a long term or yearly bonus.
- Upon submitting the request to Extenteam's Partner Success team, this will be processed immediately internally, and will be added to the team member's upcoming pay check and to the partner's next invoice.
- Team members are paid out twice every 7th and 21st of the month. Bonuses to be reflected on the 7th of the month's pay check must be submitted on or before the 2nd of the month. While, bonuses to be reflected on the 21st of the month's pay check must be submitted on or before the 17th of the month.
- Extenteam never takes a cut from bonuses! The entire bonus goes directly to the team member.
2. Electronic Gift Cards
- Extenteam can help with the purchase of the gift card for team members and send it to the team member electronically (via email) within 48 hours upon notice.
- The amount of the gift card will be at the partner's discretion.
- The partner will be billed for the exact amount of the gift card (including possible additional fees from the merchant / vendor) and will be added on their next invoice.
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No additional charge or service fee on Extenteam’s end.
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A common gift card vendor in the Philippines is Sodexo. This is where Extenteam typically gets gift cards as these can be redeemed with hundreds of merchants & retail stores worldwide. (Note: Sodexo has a minimal administrative service fee of %10 for the purchase of a gift card)
3. Physical Gifts - Flowers or Fruit Baskets
- There may be difficult times or milestone celebrations that partners want to be part of team members life events; Extenteam can help purchase these gifts on the partner's behalf.
- The partner will be billed for the exact amount of the gift (including possible additional fees from the merchant / vendor) and will be added on their next invoice.
- No additional charge or service fee on Extenteam’s end.
Learn more about How to Reward a Team Member here.
For any questions or clarifications, please reach out to our Partner Success Team via email partnersuccess@extenteam.com.