Connect with us

B2B Press Releases

Stan Group Launched Buy-a-Brick to Reward Staff Members Through Revenue Sharing

Alex Marginean

Published

on

Pexels & AlexM
Reading Time: 2 minutes

An innovative staff incentive programme leveraging blockchain and real estate tokenization technology

Stan Group (Holdings) Limited (“Stan Group”) announced the launch of Buy-a-Brick, an innovative employee incentive and recognition programme that applies blockchain technology and real estate tokenization to enable Stan Group employees to generate wealth alongside Stan Group.

Committed to driving corporate innovation, Stan Group has pioneered the application of real estate tokenization to employee incentive and recognition. Buy-a-Brick is designed to motivate staff engagement in innovation, cultivate intrapreneurship and recognize staff for the efforts. Unlike other conventional revenue-sharing models, Buy-a-Brick provides employees with the opportunity to share the future capital gain of a building, without making any monetary contribution. A “Brick” is a digital token stored on the blockchain, which represents a smart contract for a selected building. By participating in Buy-a-Brick, if the property selected is sold and profit is made on the sale of that property, the brick holders will be entitled to share the profit made.

“We are thrilled to launch Buy-a-Brick for internal staff as it redefines staff appreciation. I believe every one of our staff members plays an integral role in the Group’s success and should be able to reap the reward and share the value created,” said Stan Tang, Chairman of Stan Group. “The launch of Buy-a-Brick has cemented the leading position of Stan Group in corporate innovation and entrepreneurship. Buy-a-Brick started with a dream, through matching the idea with resources within our business ecosystem, it is now a reality. I hope to ignite innovation and initiate change within and outside the Group, and shape a better future for entrepreneurs and all.”

Buy-a-Brick is the newest addition to the existing Stan Group credit system, where employees earn points with innovative business pitches, business referral, attending design thinking and other talent development workshops, etc. There are two types of points, namely Credit Point and Shared Value Point. With Credit Point, employees can redeem vouchers, hotel stay, and even an extra day off. On the other hand, the new Shared Value Points can be used to redeem a “Brick” at Buy-a-Brick.

About Stan Group

Stan Group (Holdings) Limited (“Stan Group” or “the Group”) is a leading conglomerate rooted in property with a wide array of diverse businesses. Committed to sustainable business development and social investment, the Group manages a HK$60 billion real estate portfolio in strategic partnership with the Tang Shing-bor family and operates more than 40 respected brands across five business pillars: property, hospitality, communication services, financial services and The STILE, innovative businesses with social purposes. Dedicated to innovation, collaboration, human focus and entrepreneurship, the Group’s core values empower it to achieve the vision of driving the vibrancy of society, and the mission of creating shared value (CSV) for shareholders, business partners, customers, employees and the community at large.

 

Howdy !
I’m really excited you’re here, because that means the topics we cover are of interest!

It also means you’re curious about who contributes to your daily dose of information and who are the guys behind the bubble where you enter to find all the hot topics in one place: PICANTE.today

If we're not constantly up to date when it comes to technology, we're basically not prepared for the world we live in.
24 hours are never enough, and I'm sure we never remember every single detail we're reading about, but it's important to know where to find the valuable information when we need it.

Personally I'm a dreamer, a father, a lover, a designer, a teacher, a marketer, and I cook often - never without a proper plating.
Mixing up marketing with design and trying to always be the positive problem-solver, about sums up my day, everyday.

Stay tuned to find out the latest trends in lifestyle, gadgets and technology, home improvements and many more, here on PICANTE.today.

If you want to take a peek at what i do off-job, check out Hibridium- my graphic design and full-of-logos Facebook page, ITech Club - the kids club where i teach Web Design, Video Production & Electronics.

Also, we can get in touch via social media so hop on this adventure we call life !

Advertisement

Font Resizer

Advertisement

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Follow our Tweets

Trending

Please turn AdBlock off