System and method for calculating employee recognition benefits in the form of fuel credits

• US 20080010147A1
• Filed: 07/10/2006
• Published: 01/10/2008
• Est. Priority Date: 07/10/2006
• Status: Abandoned Application

• Current Assignee: Ward Kraft
• Original Assignee: Ward/Kraft
• Inventors: Emerson, Shana
• Application Number:
  US11/483,715
• Publication Number:
  US 20080010147A1
• Time in Patent Office: Days
• US Class Current: 705/14
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 10/1057 Benefits or employee welfare, e.g. insurance, holiday or retirement packages
• CPC Class Codes: G06Q 30/00 Commerce
• CPC Class Codes: G06Q 30/0208 Trade or exchange of goods or services in exchange for incentives or rewards
• CPC Class Codes: G06Q 30/0211 Determining the effectiveness of discounts or incentives

Abstract

The present invention relates to a method and system for calculating employee or member recognition benefits in the form of fuel credits. More particularly, the system and method described in the instant specification provides a mechanism for determining awards in the form of fuel products such as gasoline, propane, diesel, kerosene, heating oil and other similar consumer oriented consumables in order to assist employees or members in meeting the demands of increased costs and for providing additional incentive vehicles in order to meet operating unit, divisional and corporate objectives and targets. The system utilizes a number of parameters that relate specifically to the employee or member of the organization and computes an award figure based on corporate or unit operating conditions as well as availability of supplies of fuel type products from participating suppliers.

Claims

1. A method for calculating employee recognition awards in the form of fuel credits, comprising the steps of;

creating a first data base, said first data base containing a listing of all employees in an organization, said first data base further including details relating to years of services, salary and grade levels and performance ratings;

generating a second data base, said second data base including a grouping of performance targets for each operating unit in said organization;

providing a third data base, said third data base including a number of fuel suppliers and available fuel credits available from each of said suppliers and quantities of fuel types provided by each of said suppliers;

calculating a pool of available fuel credits from said suppliers, said pool including limits of said fuel types;

selecting a group of employees from said first data base meeting certain established criteria based on performance related activities;

matching said group of employees with said second data base to determine if an employee works in an operating unit achieving certain performance criteria to obtain an award set;

comparing said award set to said available fuel credits; and

issuing fuel credits to each member of said award set.

2. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 1, wherein said fuel types are selected from a group consisting of gasoline, kerosene, diesel, heating oil, propane and combinations thereof.

3. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 1, wherein said step of issuing fuel credits includes a further step of printing a personalized award certificate.

4. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 3, wherein said personalized award certificate is presented in a personalized gift card.

5. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 1, including a further step of determining a proportional arrangement of said fuel types for said award set based on performance criteria from said first data base after the step of comparing said award set to said available fuel credits.

6. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 1, including a further step of selecting specific fuel types by each member of said award set prior to the step of issuing fuel credits to each member of said award set.

7. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 1, including a further step of converting said fuel credits to a monetary value for redemption at a selected one of said fuel suppliers after the step of issuing fuel credits to each member of said award set.

8. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 1, including a further step of calculating income tax obligations for each member of said award set after the step of issuing fuel credits to each member of said award set.

9. A method for calculating employee recognition awards in the form of fuel credits as recited in claim 8, including a further step of grossing up a value equal to said fuel credits for income tax purposes after the step of calculating income tax obligations for each member of said award set.

10. A method for issuing fuel credits as part of an employee recognition program, comprising the steps of;

creating a first data base, said first data base containing information pertaining to each employee of a company, said first data base including years of service, salary and grade level and performance;

collecting employee preferences with respect to available fuel types;

inputting said employee preferences into said first data base;

providing a second data base, said second data base including suppliers of said available fuel types and quantities of credits available for each of said fuel types from each of said suppliers;

determining which of said employees are eligible for a grant of an award of fuel credits;

comparing said employee preferences with said available fuel types;

calculating a proportionate share of said credits for each of said eligible employees based on performance criteria;

printing a personalized award certificate, said certificate including at least an employee name, amount of said credits issued to said employee and a personalized message; and

distributing said award certificate to said eligible employee.

11. A method for issuing fuel credits as part of an employee recognition program as recited in claim 10, including a further step of redeeming said credits at, at least one of said suppliers after the step of distributing said award certificate.

12. A method for issuing fuel credits as part of an employee recognition program as recited in claim 10, wherein said available fuel types are selected from a group consisting of gasoline, kerosene, diesel, heating oil, propane and combinations thereof.

13. A method for issuing fuel credits as part of an employee recognition program as recited in claim 10, including a further step of creating a third data base, said third data base including performance targets for each operating unit of said company and for said company after the step of providing a second data base.

14. A method for issuing fuel credits as part of an employee recognition program as recited in claim 13, including a further step of comparing said employee performance with said third data base to determine if said operating unit achieved said performance targets after the step of determining which of said employees are eligible for a grant of an award of fuel credits.

15. A method for issuing fuel credits as part of an employee recognition program as recited in claim 10, including a further step of applying a discount rate to one of said credits or award for said available fuel types due to market conditions after of comparing said employee preferences with said available fuel types.

16. A method for issuing fuel credits as part of an employee recognition program as recited in claim 10, including a further step of creating a management report to determine levels of participation and credit usage after the step of distributing said award certificate to said eligible employee.

17. A method for issuing fuel credits as part of an employee recognition program as recited in claim 10, including a further step of printing an announcement after the step of distributing said award certificate to said eligible employee.

18. A method for providing fuel credits as part of an employee incentive program, comprising the steps of;

creating an employee data base, said employee data base containing details on each employee of a company, said details including employee performance ratings and salary and grade level;

determining performance targets for each employee and operating division of said company;

inputting said performance targets for each employee and operating division in a second data base;

providing a third data base, said third data base including a listing of possible fuel suppliers willing to participate in an employer sponsored program, said listing further including available fuel type and quantities of said fuel types reserved for said program;

selecting employees for participation in said program due to performance criteria obtained from said first data base and said second data base;

notifying each of said employees of selection;

permitting each of said employees to choose fuel types and suppliers from said third data base;

printing a fuel card having a quantity of fuel credits; and

distributing said fuel card to said employee.

19. A method for providing fuel credits as part of an employee incentive program as recited in claim 18, including a further step of preparing a personalized statement for each of said employees receiving said fuel card, said personalized statement including at least a name and personalized congratulatory message from a member of management after the step of printing a fuel card having a quantity of fuel credits.

20. A method for providing fuel credits as part of an employee incentive program as recited in claim 18, including a further step of determining tax implications for each of said employees based on an award of fuel credits after the step of distributing said fuel card to said employee.