Introduction
Ideas lead to invention. They are the core of the product that a firm offers to its consumers. The most important part of any company is their employees. They are the walking billboards of the company's culture and ethos. They can be called ultimate brand advocates. And, treating them well is the beginning of a long-term relationship for a business. HR managers know enough but that is not the duty of theirs only, the culture must be equally distributed among each employee of the firm. Managing people is one of the key learnings for the manager, and the success of his career is dependent on his people. Businesses conduct multiple exercises and schemes to keep their employees happy and motivated.
Performance incentive is one of the most famous tools utilized by most of the companies. This enables a sense of competitiveness among employees which influences better results for the company. Though, not necessarily true, given the reports and many incidents, which tell a slightly different story about the actual working and impact of the performance appraisal system on employees and the overall business. Office politics, taking credit for other person work and sycophantic attitude among employees is common practice to retain power and prestige in the organization. The checks and balances seldom work, but given the recent advances in technology and the businesses' concentration on employees well-being, we are hopeful of a bright future.
Solution offered
URT is here with a solution based on the blockchain technology. They are creating a marketplace for the employees, management and third parties. Managment can choose to gift employees directly with the help of the marketplace or can have the special contracts with the third party supplier on the platform. The employees can auction their gifts on the platform. The mismatch of the gifts and prizes can easily be solved by facilitating the transparent marketplace, where anyone can sell or buy his favorite gifts and prizes.
Vouchers given by the management can be auctioned on the platform and through transparent bidding, buyers can buy them. The platform helps in the process of making employees empowered by presenting them with the power to choose their rewards. URT Tokens on the platform acts as a tool for the transactions. Bringing blockchain to maintain the transparent and sustainable management of the gifts and rewards. Smart contracts will further help in verifying the authenticity of the users and reliability of the transactions on the platform.
ICO INFORMATION AND TEAM
875,000,000 URT Tokens are created for the project. 437,500,000 tokens are available for the token sale. The exact dates for the token sale are yet to be announced. The funds will be utilized for the research & development and marketing and sales. The team working on the project is experienced in the software development and blockchain technology.
Conclusion
The idea of a gift is noble and unique. Gifts are people's favorite idea for expressing emotion. But, to know what the other person likes is one of the most important facts while deciding what to gift. Corporates spend billion dollars on the employee recognition, but they are not effective, and hence it has increasingly become frustrating for companies to find an alternative solution for this challenge. People will bid for the favorite gifts in the marketplace.
The idea of owning what you love in the corporate world is getting bigger, and the HR department is already looking for ways to make employees happy. I think that this could be a great addition to the list of to do things for the managers. They would not have to worry and simply gift the points or tokens which would be utilized by the employees to bid for their favorite products. What do you think about the new platform based on the blockchain technology? Will the employers, employees will be able to utilize the platform successfully?
Website - https://urtoken.net/
Whitepaper - https://s3.us-east-2.amazonaws.com/urtoken/URT-WPv07b.pdf
ANN - https://bitcointalk.org/index.php?topic=4550909.0
Telegram - https://t.me/ur_token
Published by - jessicalaurenbt
Profile - https://bitcointalk.org/index.php?action=profile;u=1936052
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