![]() ![]() Our criteria: How we chose the best vendors This means HR can make an impact on retention, values, and culture by leveraging employee recognition systems. Now, the best-in-class vendors have 98% of employees interacting with their solutions every single month. Historically, employee recognition tools were used by 10% of a company’s employees in a month, at most. This new colleague of course logs in to do the same flow, and the cycle repeats creating a viral loop. An employee is recognized, gets a notification, logs in, and then while in the tool they also recognize a different colleague for something. ![]() Peer-to-peer recognition is more powerful than "congrats on your work anniversary" and you can see that in the data. This means employees are recognizing each other for milestones, accomplishments, or just being a great colleague. Second, the majority of employee recognition platforms are centered around peer-to-peer recognition. First, these systems now integrate with Slack, Teams, Outlook, and other tech that employees use every day, so they are easy to access. Modern employee recognition software tools, on the other hand, are much different for two reasons. ![]() Employees would barely use these solutions, and thus they had no impact on retention or culture. Why is that you ask? Because the evolution of the technology is fascinating! The older employee recognition platforms had limited capability and were basically just a means for a company to send a gift to employees on their birthday or work anniversary. Though employee recognition platforms are relative newcomers to the HR tech scene, we've been keeping an eye on the space an all the players in it since 2018. Through employee recognition programs, employers build structured appreciation (and sometimes rewards) into their company culture which improves the quality of the employee experience. While we know employee recognition software won't "fix" a bad employee experience, we do know the right employee recognition software is a giant leap in the right direction. Increasingly, business leadership recognizes a fact long hidden in plan sight: the quality of the employee experience is proportional to the quality of their work. We'e included everything you need to be successful when buying employee recognition software. Read on for in-depth reviews of the top vendors, a pricing guide, an ROI calculation tool, input use cases, and more. We've learned a lot in the years ( years!) we have spent with our eyes on this space, and we're here to offer suggestions for top-notch vendors, as well as the the tools you can use to explore on your own. If you think employee recognition programs are optional, please think again! While most top companies are embracing the new workplace model that devotes focused attention to employee engagement, some companies are still holding out, and they losing ground. In addition to our top picks, we sought to understand what goes into building a great employee recognition platform, and what a buyer would need to know to make an informed choice on their own. This article represents the results of our cumulative efforts to determine who builds the best employee recognition software, and what makes those tools stand out. Can you guess how long it takes to do about 100 demos for about 100 employee recognition programs? We found out - it takes years, but because employee recognition programs are so impactful to the employee experience, we put in the work. ![]()
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