Company Overview

About Bonusly

Bonusly Details

Founded

2012

Revenue

$5.5M

Funding

$32M

Team Size

85

What SIA Thinks

Bonusly is a fun and easy way to recognize and reward employees in your organization. This software helps companies build stronger, more connected teams by making appreciation a regular part of everyday life at work.

With Bonusly, employees can give and receive small bonuses that act as tokens of appreciation. These bonuses can then be redeemed for a variety of rewards, from gift cards to charitable donations, or even custom rewards set by your own company. The platform encourages continuous positive feedback, which helps improve team morale and fosters a positive work environment.

What sets Bonusly apart is its user-friendly interface and the social aspect it brings to recognition. Recognition given through Bonusly appears on a social feed similar to platforms like Facebook or Slack, where everyone can see and celebrate the good work being done. This not only boosts individual morale but also encourages a culture where appreciation is shared and seen by all.

Additionally, Bonusly provides valuable insights into the health of your company's culture. The analytics feature shows trends in recognition and employee engagement, which can help HR and management teams make more informed decisions to improve workplace satisfaction.

Designed to integrate seamlessly with tools you already use, like Slack, Microsoft Teams, and various HR software, Bonusly makes it easier to keep everything in one ecosystem. There's minimal setup time, so you can start appreciating your team's efforts right away.

In a nutshell, Bonusly is more than just a rewards program; it’s a way to build a more engaged and connected workforce. By making recognition a daily habit, companies can develop stronger teams and create a workplace where everyone feels valued and motivated.

Pros and Cons

Pros

  • User-friendly
  • Custom rewards
  • Easy recognition
  • Boosts morale
  • User-friendly
  • Team collaboration
  • Custom rewards
  • Time-saving
  • Engaging interface
  • Mobile access

Cons

  • Cost concerns
  • Limited customization
  • Redemption delays
  • Learning curve
  • Potential bias
  • Complex setup
  • Feature limitations
  • Requires buy-in
  • Limited integrations
  • Pricey upgrades

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