What are TeamPoints, how do they work and how do I manage TeamPoints corporately?
TeamPoints is a peer-to-peer component that if enabled under Program Settings, allows employees a set number of points that they can award to other employees. The goal if this module is to encourage employees to recognize each other and foster greater communication and build stronger teams and workplace culture.
How do TeamPoints Work?
Each period (you can specify month, quarter or year) each employee receives the ability to issue points through the TeamBoard for recognizing each other. As they issue Merits the bank of points goes down until for that period they get to zero. Once they hit zero the employee cannot issue any more Merits until the next period when the points allowance is reset.
As an administrator you can control:
- How many TeamPoints each employee can issue.
- How often they can do this (e.g. Monthly, Quarterly or Annually).
- When each quarter or year starts.
Administrators can also change the default TeamPoints allotment for each individual employee and override the default setting.
NOTE: TeamPoints are not actually deposited into an employees account. Allotting a set amount of TeamPoints is more of a controlled credit note than anything. TeamPoints remain in the corporate account until such time as the employee uses them to recognize a peer or a manager uses them to recognize their team. Once an employee or manager issue TeamPoints to someone else, they are removed from your corporate account. If they do not use them throughout the selected period of time,month or quarter etc., they never leave your account and therefore never cost you anything. The allotted amount resets for the next month, quarter etc. and does not accumulate.
How to Access TeamPoints Set Up
1. Go to your Avatar (top right of the page).
2. Select MY BUSINESS.
3. From the Business Page click on the Building to access your company settings for the company you wish to edit:
Once inside that business, click on PROGRAM:
From there you will see at the bottom of the page, the ability to set TEAM POINTS:
- Choose the default number of points that employees can assign to each other.
- Decide the frequency with which TeamPoints are reset.
- Press SAVE
Now you have set the ability for all employees to use the Team Points module.
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