The industry's first no-markup, fully integrated Rewards and Recognition Marketplace-designed to empower global organizations with seamless, inclusive, and cost-efficient employee recognition.
PALO ALTO, CA / ACCESS Newswire / February 20, 2025 / Espresa, an innovative leader in HR technology and personal benefits, is redefining how companies celebrate their people with the launch of its newest integration: the industry's broadest, no-markup Rewards and Recognition (R&R) Marketplace.
Building on the success of LSA Plus™, Espresa's comprehensive platform that integrates Lifestyle Spending Accounts and employee well-being programs, this latest innovation elevates recognition and engagement on a global scale. Employees and managers can now reward each other for standout contributions with organization-funded points, transforming exceptional performance into tangible, personalized rewards.
The integrated marketplace simplifies the recognition process by providing a seamless, borderless, and intuitive experience: leaders set budgets, employees recognize brilliance, and colleagues redeem rewards in the virtual marketplace in their preferred language and currency. By eliminating barriers to meaningful recognition, this marketplace now ensures that every employee-regardless of location-feels valued and appreciated.
With a robust suite of features, including milestone awards, peer recognition, and performance-based incentives, the platform delivers everything expected from a top-tier rewards and recognition solution. What sets it apart is the expansive, no-markup Rewards and Recognition Marketplace, offering employees an extensive selection of rewards across diverse categories to make every recognition moment meaningful and inclusive.
Offering unparalleled choice and flexibility, ensuring all employees enjoy:
Seamless Amazon Integration - Real-time pricing, Prime shipping
Global Access - Redeem rewards in any currency or language
100% Point Value - No hidden fees, no markups, no breakage-unused points are returned
Flexible Funding - Pre-purchase required, and no mandated minimum-employees can redeem points as long as they're available, and once they hit zero, redemptions pause
Exclusive Deals - Monthly discounts and premium limited-quantity offers (e.g., 20% off Uber gift cards)
Diverse Reward Options - Well-being services, gift cards at face value, merchandise, experiences, travel, charity donations, and customizable branded swag
By eliminating cost barriers and complexity, Espresa makes recognition effortless, inclusive, and impactful-anytime, anywhere that boosts employee engagement.
Engagement is a critical measure of success in today's workforce. Espresa's Rewards and Recognition Marketplace goes beyond base pay, ensuring that every contribution is acknowledged. With seamless, real-time access to recognition funds, employees can instantly redeem their rewards without administrative hassle. By integrating recognition into daily workflows, companies can strengthen employee engagement, reduce turnover, and foster a culture of appreciation.
"As employees expect more from their employers, directly rewarding excellent work becomes a powerful tool for talent acquisition and retention," said Alex Shubat, CEO of Espresa. "Espresa's broad, fully integrated marketplace ensures that every employee feels seen, valued, and motivated to contribute their best work."
Organizations already using Espresa's recognition and rewards platform are seeing measurable impact.
"We needed a solution that was global, flexible, and inclusive of our employees' diverse needs," said Scott Bishop, AVP of Benefits at Alnylam Pharmaceuticals. "Espresa gave us that flexibility, and the feedback on the Rewards and Recognition Marketplace has been nothing but positive-our team's participation has been outstanding."
With an increasingly diverse and global workforce, organizations need solutions that offer flexibility and inclusivity to attract industry-leading talent. Espresa's recognition marketplace delivers a unified experience, fostering cross-departmental collaboration, improving morale, and strengthening company culture.
About Espresa
Espresa is Powering Great Workplaces® with personal benefits people love. The globally available LSA Plus™ platform consolidates physical, emotional, and financial well-being and family care benefits. Now, employers can incentivize wellness with activities that drive well-being pillars and promote recognition, community, and culture. For more information, visit espresa.com, email press@espresa.com, or call +1 650-752-6699.
SOURCE: Espresa
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