To have an impact, recognition should be specific, peer-to-peer, public, frequent, and tied to values. What does that actually look like in practice? Here's a quick video that explains how Bonusly works:
Every month, users get an allowance.
The only thing users can do with their allowance is give it to their colleagues in small increments to recognize great work. We call these pieces of recognition microbonuses.
Employees save microbonuses they receive from their colleagues to spend on items in your company’s reward catalog.
The catalog comes prestocked with rewards like gift cards and charitable donations, but it's completely customizable. You can even add custom rewards like time off, company branded gear, or lunch with the CEO
When a user spends their microbonuses on a reward from your catalog, we fulfill it electronically so they can use it right away.