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Manage currency, exchange rate, and allowances in admin
Manage currency, exchange rate, and allowances in admin

Easily manage your currency name and emoji, currency value, default allowances, and create custom allowances for managers and other groups.

K
Written by Katya Bachrouche
Updated over a month ago

Allowances are the points your employees have to give to each other. You can set a default allowance for your employees in this tool, but you can also customize allowances for managers, and any other groups in Assembly.

Who can use this feature?

  • Only admins can use this feature

Feature overview

  • Set your currency name and select the emoji you would like to use for your currency

  • Determine value of your points, set different values for different employees in different office locations

  • Set the default allowance for all employees in your Assembly

  • Add an extra automatic allowance for managers for each direct report

  • Create custom allowance rules for specific people or groups


Set currency name and emoji

Your currency name and emoji are what will display whenever someone gives/receives recognition.

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. Enter the singular name of your currency (i.e., 'Trophy')

  4. Enter the plural name of your currency (i.e., 'Trophies')

  5. Select the emoji you would like to use for your currency

  6. If you want to upload a custom currency emoji, click 'Upload custom emoji'

  7. If you have a custom emoji uploaded, it will override the default emoji selected in the emoji selector.

  8. If you remove the custom emoji (by clicking the 'X' next to it), the default emoji in the emoji selector will become your currency's emoji


Set exchange rates

By default, $1 = 10 points in Assembly. With exchange rates you can now:

  • Change the point value to the $ value of your choosing

  • Set different point values for employees based on their work location (i.e., different values in different countries)

NOTE: Assembly only supports $USD, we do no support any other currencies.

Set default exchange rate:

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. For your account security, we lock this field to prevent any accidental changes or abuse. To unlock it for one hour for editing purposes, click 'Request to edit'.

    1. This will initiate a conversation with our support team to verify and unlock this functionality.

  4. Once unlocked, you can set the value of your points.

  5. By default, this will be the default value for all of your employees, unless you select 'Set exchange rate by location'.

Set exchange rate by location

If you have employees in other countries, you can adjust the value of your points by office location.

  1. Select 'Set exchange rate by location'

  2. Click 'Select location' to open the dropdown of available office locations

  3. Select the office location(s) you wish to include in the exchange rate group

  4. Enter the point value for the employees in this group

    1. This will automatically save and apply this update to all employees in the group

  5. To add another exchange rate value, click 'Add exchange rate'.

NOTE: If you set exchange rate by location, if your employees do not have a work location assigned to them in Assembly, they will receive the default value.

Similarly, if you set an exchange rate for certain office locations and not others, then the employees not included in the specified exchange group(s) will also receive the default value.

How the exchange rate works

  • When your employees redeem rewards that have a monetary value (i.e., gift cards, experiences, etc.), the exchange rate will be calculated at the time of redemption

  • For example:

    • Employee A lives in Barcelona, Spain, and the office exchange rate is set to $1 = 9 points

      • Employee A has 900 points

    • Employee B lives in Los Angeles, California, and the office location exchange rate is set to $1 = 10 points

      • Employee B has 900 points

  • When employee A goes to redeem a gift card, they can redeem for up to $100 in gift cards

  • When employee B goes to redeem a gift card, they can redeem for up to $90 in gift cards


Set default allowance

The default allowance is the allowance every employee will receive by default when they join the platform. Only employees with the role 'Normal' or 'Giver' will have a default allowance; 'Receivers' and 'Observers' cannot give points (you can manage these roles from the users/manage page).

NOTE: By default, all allowance updates will take effect at the beginning of the next cycle (first day of the month or quarter, depending on your refill frequency). To apply the changes immediately, click 'Apply now'.

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. Enter the default allowance amount

    1. NOTE: if you set your default allowance to 0, your employees will not have any points to give. They can still give recognition, they just won't see the option to add points.

  4. Set the refresh period (either monthly or quarterly)

    1. If set to monthly, it will refresh on the first day of every month

    2. If set to quarterly, it will refresh on the first day of every quarter (January 1, April 1, July 1, October 1)

  5. Select whether you want to apply the same allowance to everyone, or add additional points to the default allowance for managers.

  6. If you select 'Add extra for direct report', add the amount of points you want each manager to receive in addition to the default allowance.

    1. When this option is selected, each manager will receive that amount of points for each direct report they have.

    2. For example:

      1. Default allowance is 200

      2. You add an extra 20 for each direct report

      3. A manager with 3 direct reports will have 260 points each refresh period

  7. Click 'Apply now' to apply the allowance value to all existing users immediately; otherwise it will not apply until your next refresh period.

Create custom allowances

If you want to create special allowances for specific people or groups, you can create a custom allowance.

NOTE: This allowance will override the default allowance for any employee included in the custom allowance rule. Also, by default, all allowance updates will take effect at the beginning of the next cycle (first day of the month or quarter, depending on your refill frequency). To apply the changes immediately, click 'Apply now'.

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. Click 'Add a custom allowance'

  4. If you want to select individual people (versus groups of people), select 'Create a rule by selecting individual people'

    1. Click 'Select people' to expand the list of all employees in your Assembly

    2. Search for and select the employee(s) you would like to include in this custom allowance

    3. To apply the custom allowance immediately, click Apply now

    4. To apply the custom allowance for the next refill cycle, click Apply on [date]

  5. If you want to select a group of people, select 'Create a rule by role, department, and work location'

    1. If you want to create a rule based on an employee's role (Admin, Manager, Employee), select the role from the dropdown menu

      1. If you do not want to create the rule based on role, leave the selection empty. This will default the rule to ALL roles.

    2. If you want to create the rule based on your employees' department, select a department from the dropdown.

      1. If you do not want to create the rule based on department, leave the selection empty. This will default the rule to ALL departments.

    3. If you want to create the rule based on your employees' work location, select a work location from the dropdown.

      1. If you do not want to create the rule based on work location, leave the selection empty. This will default the rule to ALL work locations.

    4. Combining any of the above selections will result in a list of employees who match ALL of the above selections

      1. For example:

        1. Role = Managers

        2. Department = Engineering

        3. Work location = Los Angeles, California

      2. This would result in a custom allowance for Engineering Managers in Los Angeles, California.

      3. Another example:

        1. Role = empty

        2. Department = C-Suite executives

        3. Work location = empty

      4. This would result in a custom allowance for ALL C-Suite executives, across all work locations and departments.

  6. Give your custom allowance rule a name (to help you refer to it)

  7. Set the custom allowance amount

    1. If this is set to 0, the employees included in this custom allowance will not have any points to give. They can still give recognition, they just won't see the option to add points.

  8. Click 'Save rule'

  9. To apply the allowance updates immediately, click 'Apply now' in the custom allowance rules table; otherwise it will not apply until your next refresh period.

NOTE: if an employee is included in more than one custom allowance, they will receive the allowance with the highest value.

Edit or delete custom allowances

NOTE: If you remove an employee from a custom allowance, or delete a custom allowance, the employee(s) will receive the default allowance you configured in the 'Allowances' section. Unless they are part of another custom allowance, in which case they will receive that custom allowance instead.

Edit custom allowances

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. Under 'Custom allowance rules', click the 'Edit' icon

  4. You can edit the employees in the custom allowance, the name of the custom allowance, or the value of the custom allowance

  5. Click 'Save rule'

NOTE: If you change the value of the custom allowance, it will not apply until the next refresh cycle. If you need to add more points to an employee's allowance before the refresh cycle, see the 'Add additional allowance' section below.

Delete custom allowances

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. Under 'Custom allowance rules', click the 'Delete' icon

  4. Click 'Delete rule' in the confirmation modal

Handling custom allowances through CSV or SFTP

In the cases where you make bulk updates to your employee info, including allowances, through CSV or SFTP, any custom allowances added through these mechanisms will override the default allowance values. However, these custom allowances will not display in the 'Custom allowance rules' table.

If you would like to manage all of your custom allowances in one place, we recommend using this allowances tool to determine all allowances.

Add an additional one-time allowance deposit

NOTE: The deposited allowance balance only applies to to the current cycle; their allowance will refresh to their regular amount in the next cycle. This deposit will take effect immediately.

In cases where you want to add additional allowance for a particular employee or employees for the current allowance cycle, you can use the deposit tool to instantly deposit more points into their giving allowance.

To deposit more points into an employee's giving allowance balance:

  1. Go to your admin page

  2. Under workspace, click 'Allowances'

  3. Under the 'One-time allowance deposit' section, click 'Deposit allowance'

  4. Click 'Select people' to expand the list of all employees in your Assembly

  5. Search for and select the employee(s) for whom you would like to deposit points into their giving allowance balance

  6. Click save

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