Universal Recognition Token ( URT ) - Revolutionary Corporate Reward Platform

No employer can doubt the importance of having motivated employees. To maintain this motivation, you can save several retention strategies. Of course, adequate salary, sufficient leave and vacation days, flexibility and frequent signs of encouragement are, of course, part of the equation. However, these elements are not always enough. Indeed, according to the Canadian Supply Sector Council, it is already not enough to provide workers with enough wages to get the efforts and dedication they are looking for. We also need to offer rewards that are relevant to employees, rewards that are of real value. How do you feel about your employees retaining their motivation from the very beginning in 3, 5, 10 years?

Emphasizing exceptional work, dedication or years of service, offering a truly appropriate reward, can be important for maintaining motivation. Unfortunately, too many employers spend time and money on gifts that do not always appeal. You probably have an acquaintance who has already received a watch she never wore, or a pen with the colors of her company, which eventually joined a pile in the corner. Even if the intention is good, these gifts probably do not bring the desired effect, which is usually an induction of a sense of recognition and identification with the company

The Platform

URT-unique crypto-currency project, whose goal is to facilitate trade in the market of unwanted gifts. This market will be completely decentralized and will use smart contracts to ensure the accuracy and verifiability of transactions. The Global Platform will be an auction format that allows individuals to bet on certain items. Gifts can be sold for points or cash, and since a distributed book is used, the glasses will be 100% authentic and traceable. This means that users do not have to worry about fake points and will be able to safely share

It is estimated that in the US $ 90 billion is spent on gifts for employees, which allowed the new market to emerge. Bonus points that are awarded for the goods sold can be paid by the employer or saved for various prizes or prize suppliers who have different gifts. This creates a new economy that was not previously targeted, and since the blockchain is used, transaction fees can be significantly reduced

According to the study, corporations that gave employees compensation were usually given out gift cards. 33% of these gift cards were never used, so the corporate expenses for these cards were wasted. Polls showed that 60 days, usually reaching the point of a gift to use a card, if the card takes longer than 60 days, they are probably never used. Thus, even if the gift card is purchased with a one-year validity period, the cards inherit the use, as a rule, for 2 months. In other cases, companies will give employees items that they usually do not want, and so money is wasted inefficiently. Instead of buying gifts without real value for employees, these corporations could instead of raising their salaries

Features of the Platform

Decentralized

The block chain will not be centrally managed. This will give employees full control over their operations, as well as freedom from taxation

Smart contracts

Users of the network will work on the basis of a consensus protocol of trust, mutual understanding, transparency and compliance with the established protocols

Intellectual prize collection

Blockchain will have the intelligence to analyze the attractiveness of prizes based on real time and public demand. Human Resources departments can then use this data to plan far-reaching compensation programs for employees

By the way, knowing what an employee wants to receive as a gift is not only useful information in order to pick up a reward for him. Our desires are a fragment of the card of our personality, which is important for the employer if he wants to understand his team and manage it in a qualitative way. Effective management with a complete lack of understanding of the structure of the personality is possible only with a strictly authoritarian approach, which has not worked in modern society for a long time. Among all companies using the platform, the one that will apply this approach will be the most popular among the staff. Just imagine - you do not even need to wait until your gift is bought by another "rewarded" one. Instead, you will come to the store with your own crypto currency and choose what you like best. The company can massively purchase tokens on the exchange, and afterwards, distribute them among its employees as gifts and rewards. Having accumulated the necessary number of tokens for a long-awaited purchase, the user will simply make a choice. By the way, the crypto currency can be easily converted into fiat, and also, it grows in price, if it is active. By receiving tokens from the employer, the user will also receive a real crypto-currency asset, which can be exchanged for other crypto-currencies, or even for fiat

The decision of URT Marketplace

URT plans to engage in this industry, offering a virtual market for employees with gifts. Employees who have received a gift card or item can now offer it in the global market and can be redeemed at a cost that can later be used to purchase a future gift or combined to get a more expensive gift.

This allows employees who do not want a gift to be able to get a value, and not take an element with a zero amount. Employers will also be able to join the platform, as they can offer a redeemable score, such as ‘’ Loyalty points ‘’
Example. Microsoft can create a "point club" in which products are offered at a discount that can be exchanged using points or monetary value. Then employees can put their goods on auction for points or cash reward. Employers will be able to receive data from the block-platform about which items employees store or auction. This will allow employers to get a better idea of what items should be given as a reward. As the Platform will work globally, gifts will be sold on the basis of market demand in the form of URT tokens.

More information on the project ( URT ) please visit their website listed below:-

 WEBSITE: https://urtoken.net/

 WHITEPAPER: https://s3.us-east-2.amazonaws.com/urtoken/URT-WPv07b.pdf

 ANN : https://bitcointalk.org/index.php?topic=4550909.

 TELEGRAM: https://t.me/ur_token

 FACEBOOK: https://www.facebook.com/urtoken

 TWITTER: https://twitter.com/ur_token

Author: cryptocat156

Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2154730

Telegram username: @cryptocat15

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