Showing 1-20 of 52 products
Zenefits is a cloud-based human resources information system (HRIS) that features user dashboards, core human resources, benefits administration, onboarding and employee scheduling. When new employees are hired, HR professionals using... Read more
Recent recommendations: 207 recommendations
ADP Workforce Now is a human capital management solution for companies with more than 50 employees. The core capabilities of the solution include human resources management, payroll, benefits, talent management, compliance, time and... Read more
Recent recommendations: 198 recommendations
Workforce Ready by Kronos is a human resources (HR) platform that combines workforce management with human capital management (HCM) capabilities and is suitable for businesses of all sizes. Kronos Workforce Ready is a single cloud-based... Read more
Recent recommendations: 177 recommendations
Namely offers a cloud-based solution for companies seeking a single comprehensive system to manage their human capital. Namely helps midsize companies manage compliance and streamline everything payroll, benefits and talent management. Namely... Read more
Recent recommendations: 171 recommendations
ClearCompany is a software system that works for human resources (HR) and recruiting teams across both public and private industries. The ClearCompany Talent Alignment Platform connects recruiting, new employee onboarding and performance... Read more
Recent recommendations: 169 recommendations
BambooHR is a cloud-based human resources (HR) software service for small and midsize businesses. BambooHR offers small and growing companies a human resource information system (HRIS) that includes an applicant tracking system (ATS)... Read more
Recent recommendations: 91 recommendations
HR Cloud’s Onboard application is a full-featured cloud-based onboarding solution for companies large or small doing business in any industry. Onboard allows HR professionals to craft a paperless, self-service onboarding process... Read more
Recent recommendations: 61 recommendations
Vibe HCM offers both HR transactions & compliance and strategic employee engagement in one HCM platform for midsize businesses. Vibe HCM offers recruiting, onboarding, communication and connection, HR management, talent development... Read more
Recent recommendations: 43 recommendations
Lanteria HR is a cloud-based and on-premise human resources solution based on Microsoft Sharepoint and Office 365. It is suitable for midsize and large enterprises in all industries. Primary features include core HR, time and attendance,... Read more
Recent recommendations: 39 recommendations
Trakstar is a cloud-based Human Resource Management (HRM) solution that provides HR professionals employee evaluation functionalities like performance review, goal management, 360-degree feedback and succession planning. With Trakstar,... Read more
Recent recommendations: 32 recommendations
iSolved is a unified, cloud-based human capital management (HCM) solution that offers key workforce functions including payroll, HR, time and attendance and benefits enrollment, as well as people-centric functions such as learning... Read more
Recent recommendations: 29 recommendations
Saba TalentSpace is a talent development solution suitable for small and midsize businesses. The integrated suite offers comprehensive tools for learning and development, recognition, coaching and feedback. TalentSpace offers an interactive... Read more
Recent recommendations: 23 recommendations
Bridge is an employee development suite built specifically for employees and managers. It provides peer-to-peer practice, live in-person training, external learning, online courses, mentorship, manager 1:1s, goal tracking and peer... Read more
Recent recommendations: 21 recommendations
Threads Culture is an HR solution that enables users to measure employees against the business’ core values as well as goals unique to each employee’s position to identify who is adding to and who is detracting from company culture. Threads... Read more
Recent recommendations: 14 recommendations
7shifts is an online employee scheduling software system designed for shift workers operating in the restaurant industry. The solution allows employees to check their upcoming shifts, scheduled availability and time-off requests from... Read more
Recent recommendations: 12 recommendations
Collage is a cloud-based human resources (HR) and benefits management platform built for the needs of small and midsize businesses. Collage also digitizes group benefits enrollment and can sync with any insurance provider in Canada. Collage’s... Read more
Recent recommendations: 10 recommendations
The Workforce Dimensions™ suite from Kronos is developed to enhance collaboration between employees and the organizations for which they work. Powered by the Kronos D5™ platform and delivered via Google Cloud, Workforce Dimensions... Read more
Recent recommendations: 7 recommendations
BullseyeEngagement is a cloud-based human capital development and operational performance management solution that caters to small and midsize businesses across various industries that include staffing agencies, recruiting firms and... Read more
Recent recommendations: 6 recommendations
BiznusSoft HR (formerly HRMSSoft) is a cloud-based human capital management system suitable for companies of all sizes. It includes a suite of integrated human resource modules offering benefits management, recruiting, performance... Read more
Recent recommendations: 6 recommendations
WebHR is a cloud-based human resource management solution that helps organizations manage their employees' employment lifecycle, from the time they were hired to retirement. The solution merges functionalities provided by human resource... Read more
Recent recommendations: 5 recommendations
According to an SHRM survey, the top employee management challenge of HR managers is employee retention/turnover. About 68 percent of them believe that an employee recognition program can reduce the employee turnover rate because employees stay in an organization where their work is appreciated or rewarded.
Rewards and recognition should be a key component of your HR strategy since they can improve employee engagement, performance and the organization's growth. However, you need to strategically design and deploy your employee recognition program with the help of technology in order to ensure that your managers and employees use it well.
The right software will make it easy for you to reward your employees' achievements, efforts and behaviors that align with your business goals and values. But understanding the myriad employee recognition tools and their features is necessary to getting the right solution for your business.
This Buyer's Guide will help you understand employee recognition software and its features and benefits. Armed with this knowledge, you'll be able to make an informed purchase of the right solution.
Here's what we'll cover:
Employee recognition software helps HR managers and supervisors reward their employees' contributions in the form of awards, e-gifts, additional time-off etc. These could be based on exceptional performance or when they exemplify a business value, such as being a great team player.
The software allows HR managers to set the metrics and track employee progress. It's important to know that a typical employee recognition solution should have the following functionality:
Rewards catalog management in Bonusly (Source)
This section looks at some of the common features that you can expect to find in most employee recognition solutions. Here are the details of these features:
|Peer-to-peer recognition||Allow employees/managers to give feedback for their peers/reportees; the feedback is stored in a centralized database.|
|Activity tracking (goal management)||Create and assign employee goals for a specific time period (month, week etc.) and track the status of goals in real time.|
|Built-in survey tools||Create surveys and questionnaires to gauge workforce performance; send these to employees for their feedback.|
|Rewards catalog management||Search a catalog of rewards such as vouchers for travel, merchandise, e-gifts or non-monetary rewards (e.g., praise cards).|
|Nominations management||Allow employees or managers to nominate candidates who demonstrate business values and behaviors such as collaboration, integrity and innovation.|
|Analytics and reporting||Create customized analytics reports (charts or graphs) to track and analyze employee (or whole team) performance. Compare this with team averages to identify underperforming employees.|
|Gamification||Increase peer engagement in recognition programs by integrating gamification elements such as leaderboards, badges and contests.|
|Social recognition||Allow employees to post/share their recognition scores on social media platforms (Facebook, LinkedIn etc.)|
Different organizations use different methods to recognize their employees such as offering micro-bonuses, verbal praise or certificates of appreciation. With employee recognition software, business can efficiently—and fairly—find out the top performers or outstanding employees who should be rewarded.
However, before purchasing the software, you should assess your buyer type. Most buyers fall into one of the following categories:
Best-of-breed software buyers: These buyers may already have HR software in place, but need a niche solution for a specific functionality. They want simple-to-use tools that will automate the process of employee recognition at varying levels (i.e., peer-to-peer or peer-to-manager).
Such buyers can opt for software-as-a-service (SaaS) or cloud-based solutions, which usually have monthly service fees. This way you won't have to purchase proprietary software.
Integrated suite buyers: These buyers require a single software suite to implement a range of applications. A suite saves integration costs and stores all data in a single database. If you are in this buyer's category, choose a solution that offers employee recognition as a core feature.
And if you want to integrate third-party apps with your existing software suite, ensure that you have the in-house expertise to integrate the apps. If you don't, you'll need external IT help for the integration and ongoing maintenance.
Small businesses are most likely to buy best-of-breed systems as they perform specialized functions in a niche category (in this case, employee recognition). On the other hand, midsize and large enterprises are more likely to opt for full suites to handle multiple business requirements.
Sixty-six percentof HR managers feel that a recognition program at their workplace has boosted their reputation as an employer. And 90 percent of employees feel that such programs have a positive impact on employee engagement.
In this section, we've called out the most important benefits of employee recognition software. The key benefits are:
Increased employee productivity: Seventy-eight percent of employees would work harder if their efforts are better recognized at work. When employees are recognized, they are motivated to be efficient and proactive, resulting in increased productivity.
Higher employee loyalty and customer satisfaction: When employees are motivated, they are more likely to promote and sell your brand in a positive way. This leads to increases in customer satisfaction and your net revenue.
Across the world, employee recognition programs are gaining popularity as employers realize the importance of keeping their employees engaged. Here are some of the important market trends you should be aware of:
Employee recognition increases retention: Being a large part of the workforce, millennials expect regular attention and recognition from their employers. Without both, they end up quitting pretty quickly. That's why businesses with employee recognition programs tend to have a 23.4 percent lower turnover rate than businesses that don't.
Increase in employee recognition through mobile: With the increasing adoption of mobile devices among workers, apps are playing a big role in employee recognition. These apps are often free or low-cost, offering you a cost-effective, innovative way to recognize your peers, irrespective of time and location. Tap My Back, LifeWorks and gloodoo are some of the popular mobile apps in this category.