Top 10 Employee Rewards App [2024 Pricing & Reviews]

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Finding the right employee rewards app is crucial for businesses aiming to strengthen their employee recognition programs and cultivate a positive workplace culture. Companies today are looking for solutions that celebrate employee achievements and align with their specific organizational goals. As the workplace continues to evolve, the need for a comprehensive rewards and recognition platform that offers flexibility, customization, and seamless integration with tools like Slack and Microsoft Teams is more vital than ever.

Matter recognizes the significance of creating a culture where all team members feel respected and appreciated. By leveraging features like kudos cards, Feedback Friday, and employee point system rewards, Matter empowers organizations to recognize employees in meaningful ways that drive engagement and reinforce company values. In this article, we'll look at the advantages of adopting an employee rewards app to improve your company's rewards and employee recognition needs.

Top 10 employee rewards apps: features, pricing, and customer reviews

1. Matter

About Matter: Matter is a comprehensive employee recognition platform that helps companies cultivate a culture of appreciation and engagement. With a focus on making feedback a positive and empowering experience, Matter offers a suite of features designed to enhance employee recognition programs and boost overall employee satisfaction. Built around core values such as transparency, empathy, and inclusivity, Matter ensures its platform aligns with the diverse needs of modern workplaces​​.

Employee Rewards Apps: Matter - Features, Pricing, and Customer Reviews
Employee Rewards Apps: Matter - Features, Pricing, and Customer Reviews

Matter main features

  • Kudos: Facilitates real-time, peer-to-peer recognition with customizable and predefined templates. This feature integrates seamlessly with Slack and Microsoft Teams, allowing for easy and visible recognition without leaving these platforms.
  • Feedback Friday: Encourages weekly employee engagement through automated, customizable notifications that prompt team members to recognize peers, share appreciation, and foster a culture of continuous feedback.
  • Employee surveys: Delivers automated surveys directly via Slack or Microsoft Teams, providing a streamlined way to collect employee feedback in real-time. Offers over 30 customizable templates for various needs, such as engagement, onboarding, and exit interviews.
  • Rewards system: Allows employees to earn Matter coins for kudos and survey participation, which can be redeemed for various rewards, including digital gift cards, donations, and custom-branded company rewards.
  • Celebrations: Automatically sends celebratory messages for important milestones like birthdays and work anniversaries, incorporating Matter coins for added appreciation and motivation​​.

Matter pricing

  • Free Forever: $0/user/month
  • Basic: $1/user/month, billed annually
  • Pro: $3/user/month, billed annually
  • Pro + Surveys: $5/user/month, billed annually

For more information, please visit the Matter pricing page.

Matter G2 score: Matter has a G2 score of 4.7/5 based on user reviews.

Notable Matter customers: Sephora, Petco, Shell, Siemens, JiffyLube, Microsoft, SXSW, Bolt, True Classic, and Carrier.

What Matter customers are saying on G2 "Being a high-performance team, Matter helps us take a moment out of our busy day to share heartfelt gratitude with kudos." - Sam Udotong, CTO & Co-founder at Fireflies.ai

2. Kudos

About Kudos: Kudos is an award-winning employee recognition platform designed to help organizations build a culture of appreciation and engagement. It promotes peer-to-peer recognition, drives performance, and enhances employee morale through meaningful, measurable recognition. Kudos integrates seamlessly with platforms like Slack, Microsoft Teams, and Outlook, making recognition a natural part of daily workflows and communication. Its approach is built around "Performance Recognition," which ties every recognition to a company value or desired behavior, providing actionable insights to improve company culture and engagement​.

Employee Rewards Apps: Kudos
Employee Rewards Apps: Kudos

Kudos main features

  • Peer recognition: Kudos offers a unique approach to recognition by allowing employees to send personalized recognition messages connected to specific values or performance metrics. This approach boosts morale and aligns individual contributions with organizational goals.
  • Rewards and incentives: Kudos provides an extensive rewards catalog, including merchandise, gift cards, experiences, and charitable donations. Organizations can customize their rewards program to match their unique culture and employee preferences, offering options that motivate and engage staff globally.
  • Awards and nominations: Create and manage awards programs that reflect the company's values and objectives, such as employee of the month, innovation awards, or service anniversaries. Kudos allows for peer and manager nominations, supporting a holistic approach to employee recognition.
  • Analytics and insights: Kudos includes robust analytics tools that provide insights into recognition trends, employee engagement levels, and the impact of recognition on company culture. This data enables companies to make more educated decisions and continuously enhance their employee experience.
  • Integration capabilities: Kudos integrates with a wide range of platforms, including Slack, Microsoft Teams, Outlook, and SharePoint, ensuring recognition happens where employees are already working.

Kudos pricing: Pricing is not listed on the website. To learn more about pricing, you'll need to schedule a demo/sales call with Kudos.

Kudos G2 score: Kudos has a G2 score of 4.8/5 based on user reviews.

Notable Kudos customers: Engie, Chewy, Make-A-Wish, MTN, WilsonHCG, and MU Health Care.

What Kudos customers are saying on G2: “Kudos is a great platform to provide appreciation to your colleague who has helped you in your work, but as its been not used by many employees of the company but if its used at full power by everyone it will really improve the efficiency of individual employee.” - Nikita D., Software Engineer

3. Recognize App

About Recognize App: Recognize App is an employee engagement and recognition platform that seamlessly integrates into existing workflows and tools like Microsoft 365, Slack, Yammer, and Google Chrome. It helps organizations enhance workplace culture through meaningful recognition, rewards, and communication. Recognize App is appropriate for businesses of all sizes, from startups to huge corporations, and is particularly geared for companies with more than 500 employees. The platform is built to automate processes such as employee anniversaries, birthdays, and recognition events, enhancing employee morale and engagement and reinforcing the company's values.

Employee Rewards Apps: Recognize App
Employee Rewards Apps: Recognize App

Recognize App main features

  • Peer recognition: Enables employees to acknowledge each other through a badging system that ties recognition to specific company values. Badges can be customized to reflect desired behaviors, fostering a culture of ongoing engagement and appreciation.
  • Rewards and incentives: Offers a customizable rewards catalog that includes options like gift cards, company swag, experiences, and non-monetary rewards. The platform supports multi-currency rewards and integrates with third-party providers to meet global needs.
  • Automated anniversaries and birthdays: Automates the recognition of key milestones, such as work anniversaries and birthdays, with personalized messages and rewards to ensure no special event is missed.
  • Surveys and feedback: Provides robust survey tools to measure employee engagement and satisfaction. The system seamlessly integrates with pre-existing tools such as Microsoft Teams, facilitating real-time feedback collection and subsequent modification of strategies.
  • Analytics and insights: Includes comprehensive analytics features that provide insights into employee engagement, recognition trends, and the effectiveness of recognition programs across different demographics and time periods.

Recognize App pricing

  • Start-Up: $3,999 per year, Under 100 users
  • Mid-Market: $4,999 per year, Under 100 users
  • Enterprise: $5,999 per year, Under 100 users

For more information, please visit the Recognize App pricing page.

Recognize App G2 score: Recognize App has a G2 score of 4.7/5 based on user reviews.

Notable Recognize App customers: Dev.Pro, Visions Federal Credit Union, Teach First, Goodway Group, and Metro Bank.

What Recognize App customers are saying on G2: “I feel that all the badges should give you points, the Providers do not really have time to summit feedback, and Mangers are also busy. Peers are more likely to use the platform, and see more then providers and managers who work side by side. a lesser amount makes sense, like 5 or 10 points.” - Verified User in Medical Practice

4. Motivosity

About Motivosity: Motivosity is a people-first employee recognition and rewards platform designed to help organizations build a connected workplace culture where employees feel valued and appreciated. The platform focuses on automating recognition efforts, enhancing employee engagement, and making meaningful recognition a part of everyday work life. Organizations of all sizes use motivation to drive engagement, lower turnover, and create a sense of belonging across diverse teams. Its solutions range from peer recognition and milestone celebrations to comprehensive rewards and incentive programs designed to unify workplaces and reinforce positive behaviors aligned with company values.

Employee Rewards Apps: Motivosity
Employee Rewards Apps: Motivosity

Motivosity main features

  • Peer Recognition: Motivosity enables employees to recognize each other easily through a social feed and public or private recognition posts. This feature helps to promote a culture of appreciation and connection by making recognition visible and engaging across the organization.
  • Rewards and Incentives: The platform offers the flexible ThanksMatters Card, which allows employees to access rewards in real-time anywhere Visa is accepted. Employees can choose from various rewards, including gift cards, company swag, charitable donations, and Amazon products, ensuring something for everyone, regardless of location.
  • Automated Milestones and Celebrations: Motivosity automates recognition for significant events like work anniversaries and birthdays, allowing organizations to celebrate their employees consistently and meaningfully without manual effort.
  • Analytics and Insights: Motivosity provides in-depth analytics to help companies track employee engagement, measure the impact of their recognition programs, and gain insights into recognition trends and employee sentiment.
  • Program Integration: The platform integrates seamlessly with tools such as Slack, Microsoft Teams, and HRIS systems like Workday and BambooHR, making it easy for companies to incorporate recognition into their existing workflows.

Motivosity pricing

  • $3000 Minimum Annual spend

For more information, please visit the Motivosity pricing plan.

Motivosity G2 score: Motivosity has a G2 score of 4.7/5 based on user reviews.

Notable Motivosity customers: Atlabank, Bosch, KPMG, WGU, GreatClips, Cotopaxi, FUJIFILM, and Salerabit ZionsBank.

What Motivosity customers are saying on G2: “I enjoy how easy it is to use Motivosity. I dislike getting prompted multiple times to leave feedback.” - Verified User in Environmental Services

5. Nectar HR

About Nectar HR: Nectar HR is a versatile employee recognition tool developed to build a culture of appreciation and engagement at work. The platform supports both peer-to-peer and manager-to-employee recognition, enabling employees to celebrate each other's contributions while reinforcing company values. Nectar makes recognition easy and frequent through features like shout-outs, points-based incentives, and customizable rewards, helping organizations of all sizes improve employee morale, engagement, and retention.

Employee Rewards Apps: Nectar HR
Employee Rewards Apps: Nectar HR

Nectar HR main features

  • Recognition and shout-outs: Employees and managers can send meaningful recognition and shout-outs to peers tied to specific company values directly from Slack or Microsoft Teams. This feature encourages frequent and meaningful recognition across the organization.
  • Rewards and incentives: Nectar offers a comprehensive rewards catalog that includes Amazon products, digital gift cards, branded company swag, and charitable donations. Employees can earn Nectar HR points and redeem them for a variety of meaningful rewards, fostering engagement and satisfaction.
  • Automated milestones: The platform automatically celebrates employee milestones such as birthdays and work anniversaries, ensuring no important dates are missed, and every team member feels valued.
  • Challenges and company incentives: Organizations can create custom challenges and initiatives, such as wellness programs or feedback surveys, to motivate employees and align them with organizational goals.
  • Analytics and reporting: Nectar provides powerful analytics and reporting tools that offer insights into recognition trends, employee engagement, and core values reinforced through recognition activities.

Nectar HR pricing

Nectar offers several pricing plans:

  • Plus $5/user/month, billed annually
  • Premium $6/user/month, billed annually
  • Custom [Book Demo for Quote]

For more information, please visit the Nectar HR pricing page.

Nectar HR G2 score: Nectar HR has a G2 score of 4.7/5 based on user reviews

Notable Nectar HR customers: Redfin, SHRM. Lasko, Heineken, MLB, Calendly, and Golden State Warriors.

What Nectar HR customers are saying on G2: “It's almost like social media to see the things colleagues are writing and praising other colleagues about. Hard to remember to do it before the end of the month.” - Verified User in Marketing and Advertising

6. Bonusly

About Bonusly: Bonusly is a leading employee recognition and rewards platform designed to build high-performing workplace cultures by making recognition frequent, meaningful, and aligned with company values. The platform facilitates peer-to-peer recognition, enabling employees to acknowledge each other's achievements in real time, fostering a supportive and inclusive environment. Bonusly integrates seamlessly with popular communication tools like Slack and Microsoft Teams, making recognition a part of daily workflows without needing additional logins or separate systems.

Employee Rewards Apps: Bonusly
Employee Rewards Apps: Bonusly

Bonusly main features

  • Peer-to-Peer Recognition: Enables employees to recognize their peers for big and small wins in real-time using a public recognition feed that increases the visibility of contributions across the organization. Each recognition is tied to core company values, reinforcing beneficial behaviors consistent with company objectives.
  • Customizable Rewards: Provides a broad range of reward options, including digital gift cards, cash, charitable donations, and custom company-specific rewards like branded swag. This flexibility ensures that every employee can choose rewards that are meaningful to them.
  • Automated Milestones and Celebrations: Automates recognition for key events such as birthdays, work anniversaries, and new hires, reducing administrative burden and ensuring consistent employee appreciation.
  • Analytics and Insights: It offers robust analytics tools to help companies evaluate recognition trends, measure engagement, and make data-driven decisions to enhance employee recognition strategies.

Bonusly pricing

  • Appreciate: $2/user/month, billed annually
  • Connect: $5/user/month, billed annually
  • Achieve: $7/user/month, billed annually

For more information, please visit the Bonusly pricing page.

Bonusly G2 score: Bonusly has a G2 score of 4.7/5 based on user reviews.

Notable Bonusly customers: Toast, Tactile Medical, Seat Geek, Qualtrics, PaloAlto Networks, MongoDB, and Headspace.

What Bonusly customers are saying on G2: “I love the idea of rewarding co workers for their assistance and attitude in the office. Although I think the idea is great, I have purchased 2 $25. visa cards to be mailed to me but never received them…” - Verified User in Legal Service.

7. Cooleaf

About Cooleaf: Cooleaf is an all-in-one employee engagement and recognition platform that empowers organizations to celebrate achievements, foster community, and drive meaningful employee experiences. Cooleaf combines employee recognition with engagement programming, allowing organizations to build a culture where employees feel valued and appreciated. Cooleaf helps companies connect their teams and boost morale, whether working in-office or remotely, by offering a mix of recognition tools, rewards, surveys, and virtual activities.

Employee Rewards Apps: Cooleaf
Employee Rewards Apps: Cooleaf

Cooleaf main features

  • Recognition and Rewards: Cooleaf enables timely, meaningful recognition through public shout-outs, manager and peer recognition, and core value-based awards. Employees may accumulate points that may be exchanged for digital gift vouchers, branded merchandise, and unique experiences, ensuring a wide range of personalized reward options.
  • Engagement Programming: The platform offers a variety of virtual and in-person engagement activities, such as wellness challenges, DEI (Diversity, Equity, and Inclusion) initiatives, team-building events, and learning and development programs. These initiatives are designed to keep teams connected and engaged, regardless of their location.
  • Employee Surveys: Cooleaf provides tools to gather real-time employee feedback through pulse surveys, helping organizations measure eNPS (employee Net Promoter Score) and other key metrics to improve engagement and satisfaction continuously
  • Analytics and Insights: Cooleaf offers robust analytics and reporting capabilities to help HR leaders and managers track engagement trends, recognition usage, and the overall effectiveness of their employee engagement strategies

Cooleaf pricing:  Pricing is not listed on the website. To learn more about pricing, you'll need to schedule a demo/sales call with Cooleaf.

Cooleaf G2 score: Cooleaf has a G2 score of 4.9/5 based on user reviews.

Notable Cooleaf customers: Acosta, Aprio, Bark, BlueLinx, ConneXus, and Georgia's Own Credit Union.

What Cooleaf customers are saying on G2: “The fact that the chipolte giftcards are not restocked. I also am not a fan of the increments of rewards. It seems to be set up in a very frustrating way.” - Verified User in Automotive

8. Guusto

About Guusto: Guusto is a flexible and simple-to-use employee recognition platform tailored to engage employees across diverse industries, especially those with frontline workers like healthcare, retail, hospitality, and manufacturing. Guusto makes it easy for organizations to reward great work, boost engagement, and shape a positive company culture. With no need for points or complicated markups, every dollar spent on rewards goes directly to employees, making it a cost-effective solution for companies looking to enhance employee satisfaction and retention.

Employee Rewards Apps: Guusto
Employee Rewards Apps: Guusto

Guusto main features

  • Flexible Rewards: Guusto allows employees to choose from various rewards, including digital gift cards, branded company swag, charity donations, and custom rewards. The platform supports multiple delivery methods, such as email, SMS, and even print options, ensuring inclusivity for all employees, whether they are deskless, remote, or on-site.
  • Automated Milestones and Recognitions: The platform automates recognition for key events like birthdays, work anniversaries, and other milestones, helping companies consistently acknowledge and appreciate their employees without added administrative burden.
  • Cost-Effective Programs: Guusto offers a free account to get started and only charges for users who send rewards. There are no setup fees, hidden markups, or shipping costs, and unclaimed gifts are credited back, making it a cost-effective alternative for businesses of all sizes.
  • Actionable Reports and Integrations: Guusto provides comprehensive reporting tools to track team engagement, recognition activities, and core value performance. It integrates seamlessly with popular HRIS platforms, SSO providers, and communication tools, making it a fully connected part of your HR tech stack.

Guusto pricing

Guusto offers several pricing tiers:

  • Free: $0 per month, Single user account
  • Lite: $40 per month, Single user account
  • Essential: $120 per month, Starts with 30 seats
  • Premium: $400 per month, Starts with 80 seats

For more information, please visit the Guusto pricing page.

Guusto G2 score: Guusto has a G2 score of 4.9/5 based on user reviews.

Notable Guusto customers: Carlton Cards, Bell Media, The Body Shop, DLA Piper, Harry Rosen, Marriott, and Canada life.

What Guusto customers are saying on G2: “I wish Guusto had more merchants for better flexibility. These days, people want to be more practical. Shops are better than restaurants. I'd like to see more shopping options and gasoline station brands on there.” - Joseph G., Art Director

9. Mo

About Mo: Mo is an employee recognition and engagement platform designed to foster a vibrant workplace culture by developing recognition habits, boosting morale, and building stronger team connections. Mo enables employees to celebrate achievements, recognize peers, and share appreciation through various interactive tools such as "Moments," which allow for public or private posts tagged with company values, and "Boosts," which are automated reminders to encourage consistent recognition practices. The platform is built to help organizations improve collaboration, reduce employee churn, and drive meaningful change by creating a culture of appreciation and engagement.

Employee Rewards Apps: Mo
Employee Rewards Apps: Mo

Mo main features

  • Moments of Recognition: Mo encourages employees to share achievements and recognition moments publicly or privately. This feature allows teams to acknowledge each other's contributions, fostering a sense of community and appreciation. Employees can add gifs, emojis, and personalized messages, making recognition more interactive and engaging.
  • Boosts for Habit Building: To make recognition a regular practice, Mo includes "Boosts," which are automated prompts that encourage team members to reflect on and celebrate each other's contributions. This helps in building habits of appreciation and acknowledgment within teams.
  • Rewards and Incentives: Mo offers a flexible rewards system where managers can attach rewards to recognition moments. Employees can choose from various gift cards from popular brands or custom rewards, ensuring that recognition is meaningful and tailored to individual preferences.
  • Automated Celebrations: The platform supports automated celebrations for key events such as birthdays, work anniversaries, and welcoming new hires, ensuring no important occasion is missed.
  • Peer-to-Peer Recognition: Mo facilitates peer-to-peer recognition, allowing employees to give shout-outs to colleagues, boosting morale, and enhancing team cohesion. Recognition can be shared publicly or privately, supporting a culture of mutual appreciation.

Mo pricing

  • Appreciate: $2.25/user/month, billed annually
  • Engage: $4.50/user/month, billed annually
  • Transform: Talk to sales for pricing.

For more information, please visit the Mo pricing page.

Mo G2 score: Mo has a G2 score of 4.7/5 based on user reviews.

Notable Mo customers: AXOL, Quark, harrier, SGN, Punch, Ocado, Joseph Heller, and Tottenham Spurs.

What Mo customers are saying on G2: “I think that maybe it can facilitate bonding and interactions that may be more impactful and meaningful in person, as we continue to live in a world where people spend more time on social media and have more sense of lonliness and loss of genuine human interaction.” - Bradley K., Senior Cancer Research Associate

10. Workhuman

About Workhuman: Workhuman is a global leader in employee recognition and engagement solutions designed to create more human-centric workplaces by fostering meaningful connections, gratitude, and celebration. The Workhuman platform provides a comprehensive suite of tools to help organizations enhance employee engagement, reduce turnover, and build a positive company culture. By leveraging employee recognition programs like Social Recognition®, the platform helps organizations connect teams, improve performance, and drive business success through a culture of appreciation and acknowledgment.

Employee Rewards Apps: Workhuman
Employee Rewards Apps: Workhuman

Workhuman main features

  • Social Recognition®: Workhuman's Social Recognition® platform allows employees to recognize each other's contributions in real time, fostering a culture of appreciation. Recognition moments are tied to specific company values, enhancing both individual and organizational performance. The platform supports peer-to-peer, top-down, and even cross-functional recognition, creating a more inclusive recognition environment.
  • Service Milestones: The platform automates the celebration of key events, such as work anniversaries and career milestones, ensuring consistent recognition and reinforcing employee loyalty and satisfaction.
  • Continuous Performance Management: Workhuman integrates recognition with performance management tools, enabling organizations to align recognition with employee performance, offering real-time feedback, and driving continuous improvement.
  • Diversity, Equity, and Inclusion (DEI) Tools: Workhuman includes tools like the Inclusion Advisor, which leverages machine learning to ensure fair and bias-free recognition. This feature helps organizations foster an inclusive culture by providing guidance on language and communication in recognition moments.
  • Comprehensive Analytics and Reporting: Employers can make data-driven decisions by utilizing the platform's robust analytics capabilities to evaluate the influence of recognition on employee engagement, retention, and overall business performance.

Workhuman pricing: Pricing is not listed on the website. To learn more about pricing, you'll need to schedule a demo/sales call with Workhuman.

Workhuman G2 score: Workhuman has a G2 score of 4.7/5 based on user reviews.

Notable Workhuman customers: State Street, Cisco, ADP, UnitedHealth Group, BP, and Moderna.

What Workhuman customers are saying on G2: “The gift options are lacking significantly. The company is charged a certain amount of money per point, however the available prize options to the employee do not translate to anything close to the cost paid for the points. For example, 1,000 points could cost the company $100, however the prizes available to the employee for 1,000 points can vary from a fair market value of $15-$75. This doesn't reward employees with the full reward the employer is paying for and Workhuman is making money off of this.” - Sarah W., Senior Tax Analyst

What is an employee rewards app?

An employee rewards app is a digital platform designed to facilitate the recognition, appreciation, and reward of employees' contributions and achievements within an organization. These apps typically offer features like peer-to-peer recognition, automated milestone celebrations (such as work anniversaries and birthdays), customizable rewards, performance tracking, and real-time feedback mechanisms. By providing a streamlined and engaging way for employees to acknowledge each other's efforts, these platforms help foster a positive workplace culture, improve employee morale, and boost overall engagement.

Why is an employee rewards app important?

An employee rewards app is essential for modern organizations because it directly impacts employee satisfaction, retention, and performance. Recognition and rewards have been shown to motivate employees, increase their commitment to company goals, and reduce turnover rates. By making recognition an integral part of daily operations, companies can cultivate a positive work environment that encourages productivity, collaboration, and loyalty. Additionally, these apps help align employee behavior with company values, support diversity and inclusion efforts, and provide valuable insights into employee engagement levels through data and analytics.

Pros and cons of an employee rewards app

Pros of an employee rewards app:

  • Increases employee engagement: Encourages frequent recognition, which enhances employee satisfaction and commitment.
  • Improves morale and productivity: Regular recognition and rewards can motivate employees, leading to increased performance and productivity.
  • Supports remote teams: Digital platforms facilitate recognition across dispersed teams, ensuring everyone feels valued regardless of location.
  • Data-driven insights: Provides analytics and insights into employee engagement, recognition trends, and the impact of recognition programs.
  • Customizable rewards: Offers flexibility in reward options, enabling employees to select rewards that are significant to them.

Cons of an employee rewards app:

  • Implementation costs: Some platforms may have high implementation and subscription costs, especially for large organizations.
  • Over-reliance on technology: Excessive dependence on digital tools may diminish the personal touch in recognition efforts.
  • Participation variability: Not all employees may engage equally with the platform, potentially leading to unequal distribution of recognition.
  • Privacy concerns: Sharing recognition publicly might not appeal to all employees and could raise privacy issues.

How can remote teams benefit from an employee rewards app?

Remote teams can significantly benefit from an employee rewards app as it provides a digital space for recognition, ensuring that employees feel appreciated and connected, regardless of location. These platforms enable remote workers to recognize and celebrate each other's accomplishments in real time, maintain morale, and reduce feelings of isolation. Integrating with communication tools like Slack and Microsoft Teams, employee rewards apps make recognition seamless in daily workflows, promoting a sense of community among remote teams. Additionally, virtual celebrations, automated milestone recognitions, and a wide range of reward options help keep remote employees engaged and motivated.

Employee rewards app statistics for 2024

  1. Employee engagement: Employee recognition programs significantly boosts engagement. Organizations with effective recognition programs experience up to 14% higher productivity, and employees who receive consistent appreciation are 20 times more likely to be engaged in their jobs.
  2. Reduced turnover: Companies with formal recognition programs report a 31% decrease in voluntary turnover. Turnover costs are also reduced by the likelihood that engaged employees will remain for an extended period.
  3. Increased job satisfaction: Nearly 90% of employees report higher job satisfaction when they are regularly recognized for their contributions. Recognition fosters trust, loyalty, and a positive work environment.

Trends in 2024 for an employee rewards app

  1. Personalization and customization: Companies are focusing on tailored recognition programs that reflect employee preferences and align with corporate values, driving higher engagement.
  2. Integration with well-being programs: Organizations integrate employee recognition with mental health and well-being initiatives, creating a more comprehensive employee experience.
  3. Advanced analytics: AI and data analytics are used to gain real-time insights into recognition trends, enhancing program effectiveness and employee engagement.
  4. Real-time feedback and continuous recognition: As hybrid and remote work continues to expand, there is an increased emphasis on real-time feedback and ongoing recognition to maintain employee connection and engagement.
  5. Social and sustainable impact rewards: More organizations are incorporating social responsibility into their recognition programs, offering rewards that align with corporate social responsibility goals, such as charitable donations and sustainable products.

Strategies and ideas for an employee rewards app

Implementing a successful employee rewards programs involves several key strategies to enhance engagement and drive positive behaviors within your organization:

  1. Align rewards with company values: Ensure that rewards and recognition are tied to your company's core values and desired behaviors. This approach reinforces the values that are most important to your organization and makes recognition more meaningful to employees.
  2. Use peer-to-peer recognition: Encourage peer-to-peer recognition by enabling employees to appreciate each other's efforts. This type of recognition can foster a sense of camaraderie and strengthen team bonds, leading to increased employee satisfaction and engagement.
  3. Provide a variety of rewards: Offer a diverse range of rewards, from gift cards and custom rewards to charitable donations and experiences. This variety ensures that employees feel valued in ways that are meaningful to them, increasing the effectiveness of your recognition program.
  4. Incorporate gamification elements: Use gamification strategies, such as leaderboards, challenges, and reward points, to make recognition more engaging and fun. Gamification can motivate employees by adding a competitive yet friendly element to their daily tasks.
  5. Automate recognition for key milestones: Celebrate work anniversaries, birthdays, and project completions. Automated recognition ensures consistency and helps maintain a culture of appreciation, even in busy times.
  6. Integrate with everyday tools: Ensure your employee rewards programs integrates seamlessly with tools like Slack, Microsoft Teams, and HRIS platforms. This integration makes recognition part of the daily workflow, encouraging frequent use and engagement.
  7. Utilize data and analytics: Leverage data analytics to measure the impact of recognition programs on employee engagement and morale. Use insights from data to adjust your recognition strategies for maximum effectiveness.

Important metrics for measuring the impact of an employee rewards app

To assess the effectiveness of an employee recognition program, track the following key metrics:

  1. Employee engagement scores: Use engagement surveys to measure employee satisfaction and morale before and after implementing the app.
  2. Retention rates: Monitor employee turnover rates to see if recognition positively impacts retention.
  3. Participation rates: Analyze how frequently employees use the app, including the number of recognitions given and received.
  4. Productivity metrics: Track productivity levels to evaluate whether recognition correlates with increased performance.
  5. Feedback and sentiment analysis: Gather employee feedback and analyze sentiment to gauge how they feel about the app and its impact on the company culture.
  6. Redemption rates: Measure the number of rewards redeemed versus rewards given to understand employee preferences and engagement with the program.

Choosing the right employee rewards app for your company

Choosing the right employee rewards program is crucial for building a positive and engaging workplace culture. Matter is a leading choice offering extensive customization to match your company's values and goals. With Matter, recognition becomes a seamless part of daily workflows, thanks to its integration with popular tools like Slack and Microsoft Teams. The scalable platform provides robust analytics to measure effectiveness and ensure continuous team engagement.

Here are some key factors to consider when selecting an app:

  • Customization and flexibility: Ensure the app allows you to tailor recognition programs to align with company values.
  • Ease of integration: Opt for a solution like Matter that integrates smoothly with existing tools, ensuring recognition is effortless.
  • Scalability: Select a platform that can expand in tandem with your company and accommodate supplementary users and features as it expands.
  • User experience: Prioritize apps with a user-friendly interface that encourages consistent engagement.
  • Analytics and reporting: Look for robust analytics to track program effectiveness, employee sentiment, and recognition trends.

To cultivate a culture of engagement and recognition within your company, choosing the appropriate employee rewards application is imperative. With platforms like Matter, you can build a customized, scalable program that aligns with your company values and integrates seamlessly into your existing tools. Matter offers powerful analytics to measure program effectiveness and provides a user-friendly interface to encourage consistent engagement.

Ready to transform your workplace culture with meaningful recognition? Get started with Matter for free today and see how our platform can positively impact your team's engagement and satisfaction.

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