Employee Rewards & Recognition Platform

A rewards and recognition platform is a software tool that helps organizations recognize and reward employees for their talents, skills, and contributions. By providing a centralized platform for acknowledgment, these tools can help businesses foster a positive work environment and motivate their employees.

Awardco is the most powerful employee rewards and recognition platform in the world with the largest global reward network ever. Build custom programs and catalogs, recognize on the spot, automate recurring service anniversaries or birthday celebrations, celebrate life events, incentivize teams, and much more. Boost productivity, reduce vendor spend, and build culture like never before.

Any organization, from SMB to Enterprise and everything between, that wants to improve their company culture and employee experience can use Awardco. Our world-class employee recognition software and rewards platform, with ever-growing integrations and simplified automations, makes it easy for any HR team to implement and manage without worry.

Ultimately, the best reward system motivates your team, aligns with your company’s goals and values, and delivers a positive ROI. With that said, here are some principles to consider when deciding what type of reward system you want to implement.

Types of Rewards:
Monetary rewards: Cash bonuses, commissions, profit sharing, and stock options
Non-monetary rewards: Gift cards, merchandise, experiences, time off, public recognition, and awards
Intangible rewards: Flexible work arrangements, career development opportunities, and job enrichment

Factors to Consider:
Employee preferences: What motivates your employees? Conduct surveys or focus groups to gather feedback.
Budget: Determine how much you can allocate to rewards and incentives.
Performance metrics: Decide what behaviors or outcomes you want to reward.
Alignment with company goals: Ensure rewards are aligned with your company’s overall objectives. Alignment is key to success!

Awardco has the largest reward network on the planet and the most customizable platform for employee recognition programs. All this gives more choice, more flexibility, and less administration headaches as organizations unite all their recognition, rewards, celebrations, and incentives under one roof.

Zero markups means that rewards your employees choose are actually rewarding, and you save money on exorbitant vendor fees. With Amazon Business, Awardco offers rewards at their market price, and we don’t take a cut, which means more rewards at less of a cost for you. For example, one of our customers realized that their previous vendor was marking up items to the tune of 300%—and that’s just not something we do.

Rewards and recognition platforms take the stress out of kudos-giving. A quality platform will: 

1. Automate tasks, like sending reminders for work anniversaries or milestones, saving time for HR and leadership teams
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2. Offer a wide range of rewards, allowing you to tailor them to your employees’ preferences and company budget

3. Incorporate gamification elements like point systems and leaderboards to make recognition more fun

4. Integrate with existing company workflows, payroll software, and other tools for a quick and easy transition

Depending on how someone likes to be recognized and the occasion, sometimes all it takes is a personal and heartfelt message. Other times, monetary perks or material rewards may be warranted. It’s all up to you and your employees. 

With the right recognition platform, you can easily customize your program and provide your employees a variety of reward options to choose from. The more customization you can inject into your rewards program, the more successful it will be (and the happier your team will be!).

Because Awardco has built up the largest reward network on the planet for users to choose from, there are literally millions of reward options for every employee. Millions of items from Amazon, hotels through Priceline, thousands of gift cards, custom experiences, company swag, charitable donations…the list goes on and on. And perhaps the best part: you can curate custom catalogs of items to match the programs you create. It’s all at your fingertips.

It depends on the software you’re using. With Awardco, you can build custom recognition programs for any occasion. We’re talking peer recognition, team recognition, lifestyle spending accounts, incentives, and more. Awardco gives you access to the largest reward network to give your employees gift options they’ll love and use.