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Bonusly

Name: Bonusly
Rating: 4.5 (2 reviews)

By Bonusly

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Highlights : About Bonusly

Employee engagement

Employee recognition

Peer to peer employee recognition

Employee incentives

Recognition and rewards

Human capital management

Performance management

About Bonusly

Bonusly is a fun and intuitive recognition and reward program that allows companies, businesses, and teams to build a rich culture wherein the efforts, achievements, and contributions of managers, co-workers, and teammates are highlighted, acknowledged, and rewarded. Bonusly enhances the process of setting up and managing various types of employee recognition and reward by providing a system that is frictionless. Users can reward employees by giving them branded items, bonuses, vouchers, gift cards, skills development opportunities, time offs, and other types of employee rewards. This way, employees will feel that they are being valued, encouraging them to capitalize on positive values and perform their jobs excellently. Employee rewards can also be tied up with the core values of the company, business, or team, enabling employees to share the same goal or mission in mind. Bonusly permits users to easily track all activities related to employee recognition and rewarding. They can understand the common reasons why employees are receiving bonuses as well as identify trends in delivering rewards to employees which can be done by location, department, or team level. Bonusly can also be integrated with one’s existing communication and collaboration tools, making everyone more engaged when it comes to recognizing and rewarding employees.

Specifications

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Benefits

Generate Creative And Meaningful Ways To Reward Employees

Bonusly allows companies, businesses, and teams to come up with different ideas for rewarding their employees and materialize them. Whether they are thinking of small or big rewards, the program makes sure that they are able to apply creativity to the process of rewarding employees. Thus, they will be able to creatively generate various employee reward ideas and create reward programs tailored to the needs, preferences, and personalities of their employees. This way, they can deliver more meaningful rewards.

Company-Branded Rewards

Let us explore the different types of rewards that users can give to their employees using Bonusly. One type of reward is a company-branded reward. This type of reward encompasses those rewards that put the brand of the organization at the center. These rewards can be branded t-shirts, coffee mugs, pens, socks, trophies, thank you notes, and other items. Company-branded rewards can also be delivered by giving employees the opportunity to have lunch with the CEO of the company or park their car on a space which is originally reserved for VIPs.

Give Rewards That Help Employees Acquire Or Develop Skills

Users can also give rewards aimed at helping employees acquire new skills or develop existing ones. These are called professional rewards. They can give e-Books to employees, let them enroll in online courses, or invite them to attend seminars and conferences for free. Professional rewards are very useful for employees because these rewards can help them perform better at work as well as be prepared for higher positions in the company.

Local-Based Rewards

Another type of reward users can set up and deliver is a local reward. This is a unique reward which is available only in their locality such as the opportunity to have a dinner in a local restaurant, get a ticket for a local concert, become a member of a museum, or visit tourist destinations.

Reward Employees By Giving Back The Time They Need

Rewards can also be given by providing employees an extra free time like having a longer lunch break, clocking out at work earlier, working at home, or receiving vouchers for house cleaning. By giving these rewards to employees, employees can spend more time doing activities and things they like.

Give Employees A Chance To Travel And Reduce Travel Expenses

Having the opportunity to travel to places employees want or reduce travel expenses is a reward that employees will surely love. With Bonusly, this type of reward can be offered to employees. Thus, employees can receive travel subsidies, transit vouchers, and even stipends for car rental during work-related trips.

Health And Wellness Rewards

Users can also offer rewards that have something to do with the health and wellness of their employees. Employees need these rewards so they can perform their jobs more productively, making them physically, mentally, and emotionally fit. Employees can receive gym membership, join in meditation sessions, attend Yoga classes, or access facial services for free or at a discounted price.

Team Rewards That Foster Camaraderie And Collaboration

Bonusly permits rewarding employees as a group. This helps teams build camaraderie and discover inspirations and motivations to achieve true collaboration. Team-based rewards can be spending relaxing hours with team members outside the office, joining golf tournaments, watching movies as a team, or getting personalized items where the pictures and names of team members are printed onto.

Cash-Alternative Rewards

Lastly, the platform enables employees to receive rewards that can be used as an alternative to cash. The best example of such rewards is a gift card. Another example of cash-equivalent rewards is donation. Thus, users can reward their employees by giving them a chance to send donations to the charitable institutions of their choice.

Manage, Personalize, And Distribute Bonuses

Bonusly makes it easy for users to manage and distribute bonuses to employees to recognize and reward them for their achievements, efforts, and contributions. With Bonusly, monthly allowances can be given to executives, managers, and employees. They can use these allowances as a source of funding for distributing bonuses to their subordinates or colleagues. They can also personalize these bonuses by adding GIFs, images, links, and emoticons as well as indicate the reasons why they are giving the bonuses.

Keep Everyone Updated, Inspired, And Motivated Through Bonus Feeds

In addition, bonuses are shown on public feeds which are called bonus feeds so that everyone can see how the company or organization is valuing its employees. Also, these bonus feeds are designed to showcase the achievements, efforts, and contributions of employees, allowing employees to inspire and motivate their colleagues.

Automated Awards Feature

The recognition and reward platform offers a capability called automated awards feature. This feature uses bots so users can automatically recognize and reward newly hired employees, and existing employees who are celebrating their birthdays or work anniversaries.

Gain Insights Into Employee Recognition And Rewarding

Bonusly has an analytics feature that enables users to gain insights into activities related to employee recognition and rewarding. With this feature, they will be able to identify which employees or departments are performing well and getting the most number of bonuses and rewards. This feature permits them to spot trends in recognizing and rewarding employees. They can also generate reports that they can present to each team or department.

Integration With Your Existing Communication, Collaboration, Single Sign-On Tools

The platform provides integration capabilities. For instance, users can integrate Bonusly with their existing communication and collaboration tools like Slack, Yammer, MS Teams, Stride, and Hipchat, and Chatter. As a result, users will be able to give recognition to their peers right straight from the applications they are using every day.