Bonusly is an employee recognition software company designed to help you give your employees the rewards and praise they deserve. The company offers an automated rewards system through its software that can integrate with the project management and HR systems you may already be using.
Once you purchase Bonusly, you can administer it through its app or online system, and can start giving rewards in the form of gift cards, cash, or nonprofit donations. The company offers a free trial and allows you to give “allowances” of rewards to different supervisors who then can then distribute to their teams as they see fit.
Overall, Bonusly is an effective and intuitive reward system that might be just what your company needs to retain top talent and lower turnover rates. The company was named one of Outside’s Top 50 Best Places to Work in 2018 and 2019.
Bonusly integrates with most major project management and HR platforms so that you don’t need to make your employees switch to an entire new system in order to use it. Whether your company uses Slack, Microsoft Teams, Google Hangouts, or another communication platform, Bonusly can be installed and used right within those outside applications.
In addition, Bonusly works with HR platforms such as BambooHR, Workday, and ADP, among others, so that the bonuses you give out can be automated and tracked by both payroll and your employees.
Being able to integrate with existing technologies is an important feature of an employee recognition software, and Bonusly definitely does that job well.
Bonusly offers a variety of choices for you to pick from when rewarding your employees. You can choose cash payouts, donations to nonprofits, or gift cards from hundreds of different brands. Some popular brand options include gift cards to Amazon, Airbnb, Southwest Airlines, and Target. You can also create custom rewards for your employees to “buy” such as lunch with the CEO or tickets to a sporting event.
This flexibility allows you to reward your employees the way they want to be rewarded, and eliminates the need for you to go out and individually buy or choose rewards. Everything is done through the Bonusly system, and your employees get their bonuses and rewards in a timely and automated manner.
Bonusly offers three different plans: Core, Pro, and Custom. This allows you as the business to determine what system is right for you, based on your size and experience with using reward software.
The Core plan starts at $2.70 per user per month, and the Pro plan, which has additional administrator permissions and automation customization for birthdays or other events, starts at $4.50 per user per month. This seems to be fairly standard for the industry.
Because Bonusly does not offer a free plan, whichever plan you choose to go with will incur a cost to your business. While it is fairly standard for a reward software system to have a cost, it is still something to consider when planning your budget. Bonusly may not be a viable option if you would rather distribute rewards on your own and avoid the cost of purchasing a third-party platform.