How Randgo’s massive network of rewards partners could benefit you and your business

To provide the best rewards and incentives, you need to work with top-rated brands that are recognized both for their high quality and consumer appeal key factors in the success of your rewards programme — which is why we carefully craft relationships with providers that can offer outstanding rewards, exciting deals and exclusive discounts.

Rewards and cash-back sites are a dime a dozen — but not all of them can provide savings for millions of members at once. At Randgo, we believe that the secret to our success is that we have the resources of a large corporation and the heart of a small business. Our strength lies in our ability to offer exclusive deals, innovative solutions, and personalized service that our competitors simply can't match. 

We are one of the leading providers of loyalty and rewards solutions, enabling businesses to build stronger relationships with their customers and employees by offering them real-world value. We’re able to offer the biggest product offering all under one roof, empowering our members to save millions of Rands every year by using our solutions. With our massive network of partners, we can offer a range of rewards, discounts and special offers that are unrivalled in the industry. We are the only partner offering our members access to more products and services than any other loyalty program.

What this means for your business:

These days, customer loyalty is more important than ever. The standard strategy of offering a rewards program that gives customers points for every rand spent isn't enough to get and keep customers on board. What really motivates and incentivises customers is proving that you are able to understand their needs and desires and provide rewards that align with these. They want to see that you have put thought into your rewards programme and have gone to the effort of procuring deals and discounts that truly benefit them. 

Whether you run a business or work for one or manage a team, you know how important employee engagement is. No matter what size your company, it's crucial to cultivate a healthy and active culture of people who are committed to the goals of the organization. Despite your efforts, you may find that your employees are reluctant to participate in your rewards programme. If this is the case, then it might be time to reconsider the kinds of rewards you are offering. Rewarding your employees with incentive rewards they actually want will help to increase employee participation and engagement. In fact, you'd be surprised at how much more productive and enthusiastic your employees can be when they truly want to unlock a particularly tempting reward!

Having a rewards programme in place for your most loyal customers will not only help you increase your brand loyalty but also the profitability of your business. This is because loyal customers are less likely to leave you for competitors, and they're more likely to continue purchasing from your business. Thus, by helping them earn rewards, your business can reap greater profits. Of course it goes without saying that the more unique and appealing the rewards on offer are, the more likely customers are to choose you over a competitor brand offering standard rewards like in-store discounts. 

How we choose our partners

When working with Randgo, you will benefit from our contracted network of 500+ wholesale, retail and brand partners — all of which are carefully vetted by our team. This ensures that your member experience is immersive and rewarding, no matter who your target audience is. Our unique ability to access a diverse range of partnerships allows us to create programmes that drive conversion and customer loyalty as well as boost employee engagement and motivation. 

We go to great lengths to partner with household names and industry-leading brands that are sure to capture the interest and attention of your rewards programme participants - and we are always on the lookout for new and exciting partners to add to our list. That’s just one way that we show our dedication to the success of your rewards programme and the overall prosperity of your business!

To learn more about our rewards partners, view our partner here:

Why Do You Need An Employee Retention Strategy?

No matter what business you’re in, an employee retention strategy is not only beneficial, but necessary. By creating business policies and practices that create employee satisfaction, you create employee loyalty, and the power of employee loyalty is not to be underestimated. 

Herein lies Randgo’s core competencies: customised solutions for attraction, retention and engagement. By partnering with Randgo to create an employee retention programme, companies implement strategies that reward and support their staff, ultimately incentivising engagement, the right behaviours and commitment. 

A key focus of Randgo’s employee retention strategy is employee rewards. Such as meaningful ways to save employees time and money, keep employees healthy and happy, customised reward packages and tailored solutions that make life easier. These range from savings from leading brands, coupons for everyday essentials, access to a concierge team who can make life easier and so much more. In essence, employee rewards that make life better for employees for the purpose of retention.

So why should you put so much effort into retaining employees when, at the end of the day, you could simply recruit a replacement? Simply put, it’s far more beneficial for your business to retain employees than constantly recruit new ones. The cost to recruit new employees far exceeds the cost to implement and run a meaningful employee rewards and retention programme. In fact, across industries, staff retention has proved to be a key part of driving a business’s success. Here are some reasons why employee retention is important:   

Increased employee engagement

When employee retention programmes focus on employee satisfaction and workplace wellbeing, staff become more engaged and motivated at work. Engaged employees tend to work harder and perform better. 

Increased productivity 

Employees who display high levels of engagement at work lead to increased productivity from the employee and increased revenue (or decreases in costs) for the business. When staff is engaged and enthusiastic about their work, they’re more likely to go the extra mile for your business and customers, enhancing customer satisfaction, and encouraging repeat business.  

Boosted morale 

There is a stronger sense of community and belonging in teams that have worked together longer. On the other hand, consistent staff changes can be discouraging for employees, and this can negatively affect team dynamics. If staff is required to pick up extra work until vacant positions are filled, they may also feel underworked and undervalued.

Reduced recruitment hassle

The process of finding a replacement for a resigned employee involves advertising, researching, and conducting interviews. It doesn’t end with filling the vacant role either. New employees need to be trained to do their roles as well as acquire knowledge about the business. This doesn’t even take in to account the costs, which can really impact the bottom line. The time your staff spends on recruitment and training can leave less time for their key responsibilities, which can distract from your business’s true mission. 

Reduced turnover rate 

The higher your business’s turnover rate, the more you will have to recruit new employees, which is not only a timely process but an expensive one. Resigned employees often require severance packages, for which your business will get no productivity in return. Newly recruited employees also may not be able to perform as well as experienced employees, which could impacts all areas of the business. 

Whilst churn is a business norm, a high staff turnover rate should always be avoided. Ensure your business focuses on retaining talent through employee satisfaction. 

Satisfied employees become retained employees and retained employees contribute positively to your morale, production, operational efficiency and revenue. 

Create A Customised Employee Rewards Program With Randgo

A monetary reward program is one of the most traditional, straight forward ways to incentivise employees. These can take the form of pay raises, scheduled bonuses, cash awards, and profit-sharing. There are benefits to monetary rewards; they’re well-received without being personalised and they can avoid the problem of unsatisfactory compensation. However, more recently, it’s non-monetary rewards that are proving to more effectively achieve long-term business goals, by having a longer-lasting impact on employee motivation.

As much as anyone enjoys extra compensation, recent studies have shown that monetary rewards aren’t actually what employees value most. In fact, according to a study by the Incentive Research Federation for the Incentive Marketing Association, 65% of employees prefer non-cash incentives instead of monetary rewards. 

A non-monetary employee rewards programme also offers businesses the opportunity to be more thoughtful, creative and personal when it comes to making employees feel valued. At Randgo, we believe that every business has unique needs, and therefore requires a customised rewards programme, designed to be part of the business’s DNA. By understanding your employee’s needs, you can more effectively drive the right behaviours and influence outcomes in your business. Here are some examples of the non-monetary, reward-based employee perks and rewards Randgo specialises in: 

Customised reward packages

What will motivate your employees to consistently contribute their best work? Offer customised reward packages that provide employees with the kind of benefits and experiences that they value and enjoy. 

Engagement solutions 

What will help employees remain engaged with and committed to their work? Develop a mutually valuable dynamic that will build deeper relationships and make brand ambassadors out of your employees. 

Meaningful assistance

What will help your employees feel supported and taken care of while working for you? Create access to employee wellbeing solutions that will make life better for them, allowing them to show up as their best selves at work.  

Incentivisation solutions 

What will incentivise your employees to achieve your business targets? Build a routine of recognising and rewarding the kind of work that assists your business in reaching its unique objectives.

The benefits to a non-monetary, customised employee rewards program go beyond higher employee performance too. Unlike monetary rewards, they can directly impact company culture on a day-to-day basis, and allow for a better workplace atmosphere. Specific and innovative employee rewards also contribute to a positive perception of your company, which can attract prospective employees. Who wouldn’t want to work somewhere after hearing about all it’s great, unique perks? 

Randgo offers an array of employee reward solutions that attract, retain and engage employees by adding value to their lives. Discover rewards like savings on daily necessities, discounted travel, mobile benefits, funded benefits with leading brands, and more.  

Find the reward in rewarding your employees with creative, customised solutions for incentivising them. With the help of Randgo, create a work environment that celebrates your employees and their achievements in the way they value being celebrated. Meet the individual needs of your employees and, in turn, meet the needs of your business and implement a Randgo Rewards programme that will deliver a meaningful return on investment.