10 Best Corporate Rewards Solutions You Must Know in 2024

Keeping your employees happy and motivated is super important in today’s busy business world. When your team feels appreciated and valued, they’re more likely to do their best every day. In fact, 77% of consumers say they've remained loyal to a specific brand for 10 years or more . But with so many corporate reward options out there, it can be hard to know where to start. That’s where we come in!

We’ve done the hard work for you and put together a list of the 10 best corporate rewards solutions you need to know in 2024. Whether you want to boost morale, increase productivity, or just show your team some love, these top reward ideas will help you out. 78% of employees say recognition motivates them in their job. From exciting travel incentives to thoughtful recognition programs, there’s something here for every company and every team.

So, grab a cup of coffee, relax, and let’s explore the best ways to make your employees feel valued and inspired! With these fantastic rewards, you’ll not only create a happier workplace but also build a stronger, more dedicated team ready to take on any challenge. Let’s dive in and see how you can start making a difference today!

What are corporate rewards solutions?

Corporate rewards solutions are programs designed to recognize and reward employees for their contributions, performance, and dedication to the company. These solutions can include a variety of rewards such as bonuses, gift cards, paid time off, professional development opportunities, and other incentives. The aim is to boost employee motivation, engagement, and retention by acknowledging their hard work and achievements. Implementing an effective corporate rewards program can lead to a more positive work environment, increased productivity, and improved overall company performance. These programs can be tailored to fit the unique culture and goals of the organization.

Factors to consider before choosing corporate rewards solutions

Choosing the right corporate rewards solutions can significantly impact employee engagement, motivation, and retention. Here are six key factors to consider before making your decision:

• Alignment with company goals: Ensure the rewards program aligns with your company's objectives and culture. If your goal is to boost productivity, consider solutions that recognize and reward performance milestones. For a company focused on innovation, a program that encourages creativity and new ideas would be more suitable.
• Employee preferences: Understand what types of rewards resonate with your employees. Conduct surveys or focus groups to gather insights into their preferences. Some may prefer monetary rewards, while others might value experiences or professional development opportunities more.
• Flexibility and customization: Look for solutions that offer flexibility and can be tailored to meet the diverse needs of your workforce. A one-size-fits-all approach may not be effective. Customizable reward options ensure that all employees feel valued and recognized.
• Ease of implementation and management: Consider how easy it is to implement and manage the rewards program. Solutions that are user-friendly and integrate well with existing HR systems can save time and reduce administrative burdens. It's also important to ensure the platform is easy for employees to use.
• Budget considerations: Evaluate the cost of the rewards program against your budget. It's essential to find a balance between offering meaningful rewards and staying within financial constraints. Remember to factor in both the initial setup costs and ongoing expenses.
• Measurability and ROI: Choose a solution that provides metrics and analytics to measure the program's effectiveness. This will help you assess the return on investment (ROI) and make necessary adjustments to improve the program over time. Key performance indicators (KPIs) might include employee engagement levels, retention rates, and overall productivity.

10 Best corporate rewards solutions you must know in 2024

Here are 10 Best Corporate Rewards Solutions:

1. Empuls by Giift

Empuls by Giift is an advanced employee engagement and recognition platform designed to enhance collaboration, motivation, and productivity within organizations. It offers a comprehensive suite of features that facilitate seamless communication, reward and recognition programs, and performance tracking.

Key features

1. Recognition and rewards: Empuls enables easy peer-to-peer recognition, manager-to-employee recognition, and rewards for achievements, fostering a culture of appreciation.
2. Communication tools: The platform includes features like announcements, surveys, and feedback mechanisms to promote effective communication and engagement across teams.
3. Performance analytics: Empuls offers data-driven insights and performance analytics, helping organizations identify top performers and areas for improvement.
4. Surveys and feedback: It provides tools for creating surveys and collecting feedback, aiding in understanding employee sentiment and making informed decisions.
5. Gamification: Through gamified elements, Empuls makes the engagement process fun and interactive, encouraging employees to participate actively.
6. Collaboration channels: The platform supports both formal and informal communication channels, facilitating knowledge sharing and idea exchange.

Pricing structure: Empuls offers a tiered Pricing structure based on the organization's size and specific requirements. Pricing information can be obtained directly from Xoxoday's website or sales team.

Rating:

 G2 : 4.6/5 (701 reviews)

2. Xoxoday by Giift

Xoxoday is a comprehensive customer loyalty and rewards platform that enables businesses to design, implement, and manage effective customer engagement strategies. It offers a range of features to create personalized experiences that drive customer retention and brand loyalty.

Key features of Xoxoday are:

• Points and rewards system: Xoxoday provides a flexible points-based system that allows businesses to reward customers for various actions, such as purchases, referrals, and social media engagement.
• Global reward catalog: The platform offers a vast catalog of rewards, including gift cards, experiences, merchandise, and vouchers, allowing businesses to tailor rewards to their diverse customer base.
• Personalization: Xoxoday’s AI-powered engine enables businesses to segment customers and create personalized reward offerings based on individual preferences and behaviors.
• Multi-channel Integration: The platform seamlessly integrates with multiple channels, including web, mobile, and in-store, providing a consistent and engaging experience for customers.
• Data analytics: Advanced analytics tools help businesses gain insights into customer behavior and preferences, allowing for data-driven decisions to enhance loyalty programs.
• Communication tools: Xoxoday includes features for personalized communication, enabling businesses to send targeted messages and offers to customers, boosting engagement.

Pricing structure: Xoxoday’s Pricing structure offers different tiers based on the business's size and requirements. It is advisable to contact Xoxoday directly for a customized quote.Rating:

G2 : 4.6/5 (484 reviews)

3. Workday Adaptive Planning

Workday Adaptive Planning is a powerful tool designed to help organizations plan and perform efficiently on a large scale. It features an integration framework tailored to your needs and offers user-friendly dashboards and reports. With just a click, your team can access detailed and timely insights, making decision-making easier and faster.Key features of Workday Adaptive Planning :

• Modern BI and Reporting with Adaptive Planning: Workday Adaptive Planning delivers modern BI and reporting capabilities, offering timely, detailed insights into your business. Real-time data and reporting are transformative.
• Powerful and Intuitive Modeling:The tool’s user-friendly interface allows quick modeling of business processes, mapping charts of accounts, organizational hierarchies, complex allocations, and workflows for financial, workforce, or sales planning.
• Adapts Easily to Change:Designed to accommodate changes quickly, the tool can handle new products, territory reorganizations, acquisitions, allocation method changes, or complete business model revamps.
• Dive Deep into Data: When something catches your attention on your dashboard, delve deeper to uncover the source. You can break down details by business unit, region, product line, or any relevant dimensions specific to your organization.
• Share Reports with Stakeholders: Ensure your team stays aligned by sharing reports, dashboards, and plans with colleagues and managers. Providing visibility into key metrics and drivers enables better decision-making and swift actions.Pricing: Workday Adaptive Planning has customized pricing. You can reach out to their sales team to learn more.

Rating:

G2 : 4.3/5 (270 reviews)

4. Bonusly

Bonusly is the leading solution for employee recognition and feedback, designed to help you cultivate a high-performing work culture. With Bonusly, you can celebrate successes, connect your teams, and easily share insights between peers and managers. Your employees will enjoy their workplace, stay engaged, and contribute to business results that propel your company forward.

Bonus simplifies the process for managers to support, coach, and guide their employees by providing real-time feedback on team connections and collaboration. This valuable data helps create a dynamic team culture where effective feedback leads to outstanding performance. This is just one of the ways Bonusly fosters high-performing cultures.Key features of Bonusly:

• Peer-to-peer recognition: This feature enables all employees to acknowledge each other, fostering a more inclusive and positive workplace culture. 
• Micro bonuses: They allow for real-time, frequent recognition, enabling employees to appreciate small, everyday accomplishments. 
• Social media integration:This broadens the reach of recognition, creating a sense of community and visibility beyond the workplace.
• Customizable rewards: Users can adapt rewards to align with their company’s culture, increasing the personal value of each recognition.
• Global reward options: Bonusly serves a global workforce with a variety of reward options, catering to diverse preferences.
• Mobile app availability:This ensures accessibility and convenience, enabling users to interact with the platform anytime, anywhere.Pricing
• Core: $3 per user/month
• Pro: $5 per user/month

Rating:

G2 : 4.7/5 (3514 Reviews)

5. Achievers

Achievers is a cloud-based solution for employee engagement that helps companies to recognize, align, and reward their most valuable asset—their employees—enhancing retention, productivity, customer satisfaction, and other crucial business outcomes. Our award-winning technology, exceptional customer service, and top-tier expertise enable Achievers to deliver the world's leading recognition and engagement programs.Key features of Achievers:

• Positive Affirmations: Encourage effective work and actions using the Recognize platform. Share achievement announcements and reward points both publicly and privately. You can tag multiple people or notify managers about top performances.

• Varied rewards: Offer different types of recognition to suit each employee. Give shoutouts, monetary rewards, celebration announcements, and workplace-integrated rewards.
• Growth reporting: Turn rewards and recognition into data reports to identify growth areas and strengths. Track the percentage change in recognition over months or years by department or employee.
• Feedback communication: Understand what employees are really saying with surveys and prompts from the Listen platform. Ask thoughtful questions and encourage honest feedback from staff.
• Proactive responses: Speed up the feedback loop and turn employee comments and trends into action items for growth. Use the action builder to schedule meetings, set agendas, and follow up on improvements and employee interests.
• Quantify engagement: track employee response rates, engagement scores, and trends over time with analytics and heatmaps. Analyze real-time results and read comments for instant insights.

Pricing: Achievers has customized pricing. You can reach out to their sales team to learn more.

Rating:

G2 : 4.7/5 (217 Reviews)

6. Terryberry

Imagine your company as an 8-person rowing team, with each employee as a rower. Research indicates that in this scenario, about 1 person is highly engaged, actively pushing the boat forward. 5 people are just along for the ride, and 2 people are disengaged, dragging their oars and slowing the team down.

Now, picture what would happen if everyone rowed as hard as that one engaged person. The boat would move faster and go much farther. This illustrates the power of an engaged workforce.

Elevate your employee experience with Terryberry, the only all-in-one employee engagement platform available.

Key features of  Terryberry :

• Intuitive and easy-to-use platform: A user-friendly platform that ensures high employee adoption and participation in programs, maximizing their impact.
• Real-time customizable analytics: Actionable analytics give clear insights into program performance and employee engagement, helping to make strategic decisions.
• Peer-to-peer social recognition: Social tools enhance a culture of appreciation and motivate employees to recognize their peers for everyday achievements.
• Automated rewards fulfillment: An automated rewards delivery system reduces administrative work, providing a smooth experience for users.
• Omnichannel accessibility: Mobile access and the ability to manage programs from anywhere make it easy and convenient for everyone to participate.Pricing: Terryberry has customized pricing. You can reach out to their sales team to learn more.

Rating:

G2 : 4.6 /5 ( 176 Reviews)

7. Globoforce (now Workhuman)

Globoforce is a software for employee recognition and engagement created by Workhuman. Workhuman is based in Dublin, Ireland, with offices in the U.S. and other countries. Globoforce is designed for mid-size to large companies in different industries that want to boost employee engagement and company culture. It’s a cloud-based service you can use on desktops, laptops, tablets, and mobile devices. Globoforce provides support through online, email, and phone, along with training resources like video tutorials.Key features of  Globoforce :

• Conversations – Employees have dashboards to track goals, check-ins, and feedback. Workhuman provides regular feedback and allows employees to set and update short-term goals. Peers can give feedback on requests, and employees can respond. It also helps track meetings with managers.
• Social recognition – Workhuman lets employees give kudos and recognition to colleagues, promoting a team approach. It tracks each employee’s work circle based on their relationships and past recognition.
• Advanced analytics – Offers insights into employee behavior to help shape engagement strategies and measure return on investment (ROI).
• Integration capabilities – Connects recognition data with HR systems like Workday for comprehensive analytics.

Pricing: Globoforce has customized pricing. You can reach out to their sales team to learn more.

Rating:

G2 : 4.7 /5 ( 1329 Reviews)

8.  Awardco 

Awardco helps increase productivity, cut costs, and build a positive company culture through meaningful recognition and rewards. It is the only employee recognition and rewards platform that is partnered with Amazon Business. Awardco offers the largest reward network worldwide without any extra charges. With the flexibility to create various programs for recognition, incentives, milestones, or specific behaviors, Awardco’s platform enhances employee loyalty.

Key features of Awardco

• Amazon rewards and recognition: Awardco partners with Amazon to provide a vast selection of rewards, enhancing flexibility and choice for recognition programs.
• Lifestyle spending accounts: Awardco offers lifestyle spending accounts that allow employees to receive benefits more tailored to their individual needs.
• Offline recognition: To complement their digital offerings, Awardco also supports offline recognition, helping to bridge the gap between digital and physical recognition spaces.
• Swag and gift cards: Employees can be rewarded with both customized swag and a variety of gift cards, increasing personalization in reward options.
• Integration capabilities: Awardco's platform supports integrations with various enterprise tools and systems, ensuring it can seamlessly fit within existing organizational processes.
• Hotels and travel rewards: Beyond traditional rewards, Awardco includes options for booking hotels and travel, providing rewarding experiences that go beyond the workplace.

Pricing

• Core: $1.67/employee/month ($20/employee/year, $5000 minimum)
• Plus: $2.2/employee/month ($26.40/ employee/ year, $6000 minimum)
• Pro: $3.33/employee/month ($40/employee/year, $7500 minimum)

Rating:

G2 : 4.8 /5 ( 2665 Reviews)

9. Guusto

Designed to improve employee retention from the head office to the frontline, this recognition program isn't just another points system! You can get started quickly with a free single-user account that allows you to send rewards to anyone. It's flexible, offering delivery options for frontline workers via the web, mobile app, TV displays, and even print options that don't need any technology to redeem. You get five times the impact for your budget: you only pay for people who can give recognition, there are no markups, unclaimed gifts are refunded, and every gift sent provides one day of clean water to someone in need.

Key Features of Guusto

• Notifications and alerts: Don't miss important dates and milestones. Set up your rewards alerts and notifications to always recognize and engage at the right time.
• Management-to-employee and peer-to-peer recognition: Guusto helps managers appreciate staff for hard work, meeting sales goals, or excelling in specific campaigns. Employees can also show appreciation for their colleagues and teammates.
• Recognition rewards tracking: Managing a large team can make it hard to keep track of who received what reward. Guusto’s simple and clear layout helps you stay organized with your employee rewards. You can easily monitor your recognition rewards allocation and stay on top of your goals.
• Real-time analytics: Understand what works and what doesn’t with Guusto’s real-time analytics. These insights help you improve and streamline your rewards system. The reporting feature shows how often peer-to-peer rewards and encouraging messages are given, reflecting the workplace culture.
• Versatile for all occasions: Guusto can be used for celebrating company milestones, rewarding customer loyalty, recognizing "employee of the month," or giving morale-boosting spot rewards to top performers. Employees can redeem rewards for a variety of items, such as gift cards from global locations, company merchandise, charity donations, and personalized rewards.
• Choose between e-cards and gift cards: Some situations need small gifts, while others just need a few words of praise. Gusto makes it easy to handle both with thoughtful e-cards or exciting gift cards.

Guusto Pricing :

• Lite: $40/month Single-user account
• Essential: $120/month Starts with 30 seats Add seats $4*/mo *35% Off P2P Programs
• Premium: $400/month Starts with 80 seats Add seats $5*/mo*35% Off P2P Programs

Rating:

G2 : 4.9 /5 ( 3309  Reviews)

10. Assembly

Boost your workforce's performance with all the tools needed for employee engagement. Ensure employees feel valued, connected to their work, and aligned with company values for holistic engagement. Enhance engagement through company updates, surveys, recognition, nominations, employee pulse surveys, weekly check-ins, and more. Improve employee engagement using free, automated, and fully flexible templates.

Key Features of Assembly

• Employee engagement: Assembly emphasizes fostering engagement by ensuring employees feel valued and appreciated within the organization.
• Recognition & rewards: It places a significant emphasis on making appreciation a core aspect of the company culture, highlighting its importance in daily operations.
• Communications & collaboration: The platform supports better outcomes and a shared understanding among team members, fostering a collaborative environment.
• AI Workplace assistant: Assembly offers an AI assistant that provides fast answers and precise summaries, helping streamline workplace information management.
• Knowledge management: It focuses on maximizing organizational learning and improving decision-making through effective knowledge management tools.
• SSO & HRIS Sync: Assembly supports integration with HRIS systems and Single Sign-On (SSO) capabilities to streamline administrative processes and enhance user accessibility .

Assemble pricing

• Assemble essentials: Starting at $7,500.00 Per Year
• Assemble advanced: Starting at $12,500.00 Per Year
• Assemble enterprise: Contact the Sales team

Rating:

G2: 4.8 /5 ( 229  Reviews)

Conclusion

Choosing the right corporate rewards can significantly impact your workplace. These 10 solutions for 2024 are designed to boost morale, increase loyalty, and show your team they're valued. By implementing thoughtful incentives like travel rewards and recognition programs, you'll foster a happier, more motivated team. Remember, investing in your employees' well-being leads to a more successful business overall. Implement these ideas, customize them to fit your company's culture, and watch your team thrive!

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