Employee incentive programs define the overall strategy and structure and provide systems to motivate and reward employees for achieving specific goals, behaviors, or performance metrics.
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Employee Incentive Programs Q2 2024Q2 April 2024: Winners
List of the top 10 Employee Incentive Programs in Shortlister as of April 2024, presented in the order they appear in the full Vendor Listing tab.
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Awardco has teamed with Amazon Business to provide the most powerful and flexible software for all your recognition programs. Using Amazon's trusted global network you can show your employees how much you appreciate them by allowing them to choose rewards they... View Full Profile
Nectar helps team members feel valued, connected and engaged no matter where they work. Build camaraderie and celebrate wins both big and small. Our 360 recognition & rewards platform enables everyone (peer to peer & manager to employees alike) to send ... View Full Profile
WorkProud presents an unparalleled Employee Incentive Program featuring one of the world's largest awards catalogs that includes merchandise, gift cards, travel benefits, and more. Irrespective of geographical location, budget constraints, or program ... View Full Profile
Recognition built to impact frontline retention. Not another points program! Start in minutes, not months, with a free single user account that can send rewards to anyone. Flexible delivery to reach frontline workers through web, mobile app, TV displays and ... View Full Profile
Assembly is a FREE, fully customizable employee recognition/rewards + engagement solution designed to drive employee productivity, engagement, and retention while boosting internal culture. Empower your team to be happy and productive at work. Assembly makes ... View Full Profile
WorkProud (workproud.com): Full-scale, highly customizable employee engagement, recognition, & reward platform. MyPointRewards (mypointrewards.com): Simple/straightforward point-reward incentive programming for whatever you want, whenever you want. ... View Full Profile
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Tango Card provides leading incentive-delivery technology to organizations in the B2B space. Globally, enterprise companies use this technology to deliver an extensive catalog of domestic and global e-gift cards as part of consumer loyalty programs, sales ... View Full Profile
Employee recognition programs from Terryberry help organizations ignite purpose and potential in their teams. Terryberry's 360 Recognition Platform is one hub for all of your organization's employee recognition needs. With plug-and-play modules including ... View Full Profile
Kazoo is an all-in-one Employee Experience platform that combines recognition, performance, and engagement in one powerful solution. By bringing together Real-time Recognition & Rewards, Continuous Performance Management, and Employee Engagement Surveys, Kazoo... View Full Profile
Bonusly’s robust reward catalog meets employees wherever they work with 1,200+ rewards in 200+ countries. Discover why over 3,300 companies trust Bonusly to enable high-performance, save significant time and help retain top talent... View Full Profile
Wishlist is out to change the world. We want your employees to feel great about their accomplishments at work while feeling great about being at work. Our people make that possible. Work should provide more than a paycheck. People want their work to matter ... View Full Profile
Since 2002, organizations on the cutting edge of well-being have trusted Propel® to create a well-being experience that is truly unique. Propel’s core approach to well-being is to leverage your organization’s culture to help drive engagement. This is why ... View Full Profile
This is one of Sonic Boom’s greatest differentiators, in that our incentive-management engine is completely customizable and configurable to meet the needs of any Rewards design – from the most basic participation-based activities to the most complex ... View Full Profile
Empower Your People To Build Healthier Habits With Rewards When employees opt for activities that promote their personal growth and well-being, everyone benefits. With Activity Rewards, motivating your people to adopt a healthier lifestyle is simple, exciting... View Full Profile
Your Plan, Your Way is a cornerstone of WellRight’s appeal. Its flexibility gives participants a sense of wellbeing that resonates with what makes them feel comfortable, healthy, and happy. Combining a deep resource library, access to subject matter ... View Full Profile
Xoxoday Plum is a powerful rewards, incentives, benefits & payouts infrastructure that helps businesses to simplify their rewards program while making the gratification experience delightful for end-users. Xoxoday Plum's native integration with some of the ... View Full Profile
Semos Cloud is re-imagining the Workplace by Creating “Moments that Matter“
Rewards & recognition to celebrate your team's successes! Send employee bonuses, peer-to-peer or manager-to-employee, in just a few seconds making recognition easy and meaningful. Bonuses as a part of your rewards strategy Instead of giving your team gift... View Full Profile
At HealthCheck360, we turn our passion into your program. We’re leaders in population health management and well-being solutions. Our services are like a choose your own adventure book. Select the options you need to fill gaps in your current benefits or ... View Full Profile
Wellbeats Wellness, a product of LifeSpeak Inc., is the premier solution for on-demand, virtual wellness content and programming for use in corporate wellbeing initiatives. As a pioneer and category leader, Wellbeats Wellness, serves 2,500+ commercial clients ... View Full Profile
An employee incentive program is a strategic approach used by employers to motivate and reward employees for meeting specific performance targets or exhibiting desired behaviors in the workplace.
To create an effective incentive program for employees, identify clear goals, tailor rewards to employee preferences, ensure the program is fair and transparent, and regularly review and adjust the program to keep it relevant and engaging.
Studies have revealed that an employee incentive program can significantly uplift morale, boost productivity, and strengthen employee engagement, leading to a more driven and content workforce.
Generally, employers can deduct the costs associated with employee incentive programs as business expenses. However, consulting with a tax professional is essential to understand specific tax implications and requirements.
Good incentives for employees can range from monetary rewards, such as bonuses and raises, to non-monetary perks, like extra vacation days, flexible working hours, and recognition awards.
Some examples of incentive pay include monetary rewards like commissions, annual bonuses, signing bonuses, and performance-based bonuses, as well as non-monetary incentives such as stock options or shares in the company.
Team-based bonus plans or profit-sharing arrangements are incentive plans specifically designed to promote group performance, fostering teamwork and collective effort towards common organizational goals.
