In a strategic partnership, Onbe and Payroll Growth Partners are bringing digital-first employee rewards to a broader audience. According to the release, Onbe’s virtual incentive solution will integrate with PGP’s payroll service portfolio.
The collaboration enables employers to offer flexible, choice-driven rewards that help improve employee engagement and retention. A study cited reveals that long-term incentive programmes improved performance by an average of 44%.
With the new arrangement, PGP’s clients can deliver rewards via virtual cards, mobile wallets, or payment apps – meeting the growing demand for digital and electronic payouts. Around 92% of recipients prefer these digital methods, according to the report.
Sayid Shabeer, Chief Product Officer at Onbe, stated, “By offering flexible, instant rewards tailored to individual preferences, we help organizations foster a culture of appreciation that drives higher productivity, retention, and overall employee satisfaction.”
The integration leverages Onbe’s payout gateway directly with PGP’s existing payroll technology. This streamlines reward delivery while reducing administrative complexity for HR and payroll teams.
Tony Chiviles, President and CEO of one of PGP’s portfolio companies, said, “We’re excited to partner with Onbe as we expand into this fast-growing space building next-gen tools and experiences valued by our clients and the employees they serve.”
Given that the employee recognition and reward system market is projected to reach US$65.3 billion by 2032, growing at about a 15.6% CAGR, this move positions both companies strongly in the growing HR-tech and employer-experience space.
Explore HR Tech News for the latest advancements in Human Resources Technologies and insightful updates from industry experts!
News Source: Businesswire.com
