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Rewards

The MYSKILLSmanager ‘rewards’ is a program designed to provide financial incentives to MYSKILLSmanager outlet operators to be initially engaged, and then to continually improve and sustain the growth of a new skills management environment.  The growth of the system provides the capability required to sustain continued workplace productivity.

About the rewards

There are two types of rewards available in the MYSKILLSmanager rewards program.  They are Start-up rewards and Support rewards.

Start-up rewards

The Start-up reward is based on the principle that every MYSKILLSmanager outlet operator can earn rewards calculated from the number of users they start-up in the system.  Every new user that decides to register for a free access user account is registered as being started to the system by a particular MYSKILLSmanager outlet.  From the start-up date a percentage (currently 13%*) of every dollar spent (by the user) within the MYSKILLSmanager system will be credited to the rewards account of the MYSKILLSmanager outlet that introduced the user to the system.

Support rewards

Every user that an outlet starts to the system can potentially create their own outlet and generate the associated Start-up rewards from new users.  The Support rewards are to ensure that all new users have existing users (that have been working with the system for a longer period) to provide direction and Support.   The default arrangement for this relationship is to have every new outlet supported by the outlet that introduced them.  The Support reward will be calculated (currently 2%*) and directed to the rewards account of the supporting outlet that engaged them into the system.

The following table summarises the two types of rewards and the relevant percentage used to calculate the rewards.

Reward title

Value

Description

Start-up reward*

13%

% of money invested within the system by users engaged to the MYSKILLSmanager system

Support reward*

2%

% of all money invested within the system by users engaged to the MYSKILLSmanager by outlets that they Support.

*A single outlet cannot received both an Start up and Support reward for the same user

Start-up options

There are four options for people to start-up as users of the MYSKILLSmanager System:

1.  The first option is for people to go to www.myskillsmanager.com launch page and register as a user by selecting an outlet of their choice.  The outlet selected may be random or be selected by the user based on the outlets business focus.  For example, a person may work in the construction industry and decide to select an outlet that is operated by a construction company.

2.  The outlet operator may send out messages to people (contacts) inviting people to register.  This approach should be the most common method in particular in the early growth period of MYSKILLSmanager.

3.  This option can be generated by individual users within an outlet.  A message can be sent to a colleague, manager or trainer for example, asking them to sign up for a free account and so they can complete a validation task on behalf of the user.  This request from the user will be a direct result of using one of the applications within the MYSKILLSmanager system.  Irrespective of whatever outlet the request is sent from, the system will direct the user back to the outlet that started the user requesting the validation.

4.  Specific outlet administrators or users with very high user roles can use the introductions manager tool to create and manage networks within the MYSKILLSmanager system.  New start-ups for users will result from this activity.   All users started by this process will generate a reward to the respective outlet that

The rewards program is a fundamental component of the MYSKILLSmanager system and is designed to Support the transformation of skills management approaches into the future.   It does this by stimulating rapid growth of start-ups to the system be generated without the outlet operator needing to do anything.   A user can only be introduced to one MYSKILLSmanager outlet.  It is not possible to alter the relationship of the outlet operator and the start-up user.

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