AWARDCO REVIEWS 2023: Top Features, Pricing, Pros & Cons

Awardco is a cloud-based employee recognition tool created to increase employee engagement and streamline the rewarding process via incentive programs from Amazon Business and various other platforms. Awardco offers robust and adaptable software for employee rewards. The platform makes it simple for businesses to honor staff members for their birthdays, career anniversaries, onboarding, outstanding performance, or for whatever reason they choose. Employees receive Awardco points that can be redeemed for Amazon items, hotel reservations, gift cards, event tickets, and more through the world’s largest rewards network. There are countless possibilities, no markups, and a unique experience. The Awardco API provides a number of features that make it simple for businesses to acknowledge and reward employee excellence, offering businesses more choices at a lower price all on a single platform.

Understanding Awardco

The Awardco API offers choices that offer managers the resources they need to set budget restrictions based on groups of people or departments for budget management. Additionally, Awardco provides managers with the data and feedback they require through comprehensive reports on every budget and expenditure activity for compliance monitoring or spending analytics.

Awardco API Features

The Awardco API provides the following features:

#1. Employee Recognition Program

With the Awardco recognition platform, you can influence behavior and create a culture via unique programs, simple integrations, and endless potential. Our employee recognition software is a one-stop shop that enables you to increase productivity, cut costs, and build culture all in one location.

With this feature, the rewards process is simplified, enabling more employees to get recognized for their work.

The who: deciding who you wish to honor. Depending on your preference, you can identify one individual at a time or several people at once. What: selecting which accomplishments you want to reward them for, then leveraging your company’s principles to motivate behavior and create a positive culture, and why: Be specific when praising staff members, explain why you are doing so, and decide whether to award points or not. Incentive recognition is completely automated.

Compared to anything else, acknowledging your team increases employee engagement and loyalty. Employees will want to provide more value in return as they come to feel valued.

Additionally, the Awardco API integrates with your existing team collaboration software and enables you to connect remotely with your teams, irrespective of their location, while supporting and encouraging recognition.

Some forms of recognition programs that can easily be done using the Awardco API include:

Ø  Service Milestone Recognitions

You can easily recognize your long-term workers for their service and input into your business.

Ø  Birthday Recognition

With reminders and prompt notifications, employers can now easily recognize employee birthdays based on the employee data gathered.

Ø  Onboarding Recognitions

The Awardco API also provides for onboarding and recognition of new staff by automatically sending each new hire a welcome greeting. Through the recognition feed, this automation also gives everyone else the option to acknowledge and welcome new team members.

#2. Employee Service Awards and Milestone Programs

With the aid of effective automation that helps you save time and prevent human error, you can easily commemorate each employee’s milestone. Consider creating an experience to mark professional milestones. Provide tenured staff with Memory Books and points they may use to purchase a wide range of rewards to enhance your service awards program.

The Awardco API speeds up the procedure to save everyone’s time while connecting you to the largest reward network (via Amazon Business and various other reward partners), and automatically providing service awards, aggregated recognitions, and reminders.

In addition to automating employee service recognitions, the Awardco platform can use ADP Workforce Now® data to get dates to honor staff members on their anniversaries. The platform notifies users of their achievements via a straightforward email or by pairing a notification with an award.

Utilizing this feature, employers have a range of options that they can use to celebrate their employees, including; books, bonus boxes, and even traditional service awards. Combined with automation, these options help employers curate a memorable experience for their employees.

#3. Awardco Rewards

Awardco points can be used to purchase millions of rewards from Amazon Business, as well as event tickets, hotel reservations, thousands of gift cards that can be redeemed at a number of stores, and even charitable donations.

When making purchases with Awardco points, there are no price increases, and your employees get the best value on their accumulated points. Additionally, there is an option for your employee to purchase more points using a credit card to supplement redemptions.

You can also set up a customizable rewards and incentive program of your choice to boost your team’s morale and performance by awarding points and designated incentives to your employees.

Some reward options available via Awardco include:

• Products on Amazon Business.
• Branded Company merch
• eGift cards, Visa gift cards, etc.
• Hotel reservations.
• Event tickets, and many more.

#4. Awardco Employee and Sales Incentive

Businesses can easily encourage employees to take charge of their own personal and professional progress. With this feature, you can create incentives and offer points to your employees as they complete specific tasks or achieve certain goals. You can give your staff the freedom to select, and administer multiple programs with ease and even earn their own incentives.

These custom incentive programs are very flexible and can be set up in a few steps. All you need to do is create a special earn program, lay down some predetermined eligibility criteria such as; department, location, employment level, and even number of years worked (anything at all), and then promote and recognize those outlined activities in the earn program as staff members receive incentives for their engagement. The best part is, that these things can be done in under a few minutes.

When workers do the task you’ve prompted with an earn program, they can easily claim their reward with a single click. To claim the award, they simply need to check in, and then voila! They receive rewards for taking part.

Additionally, by allowing workers to earn points for their own personal accomplishments, you can even encourage greater employee ownership.

#5. Awardco Integrations

Awardco interfaces effortlessly with most programs businesses already use, and it expedites the procedure to remove obstacles so businesses can seamlessly incorporate meaningful recognition into their regular workday. Integration with various collaboration tools and preexisting communication channels, such as Slack, Microsoft Teams, Microsoft Outlook, and so on, enables recognition to be visible and easier for everyone as well.

Businesses can easily eliminate manual management procedures for incentives and recognition, with HRIS connections, taking advantage of automation, notifications, and simple maintenance of user lists, thereby reclaiming time spent.

#6. Lifestyle Spending Account Programs (LSA)

With Lifestyle Spending Accounts, you can provide employees with more options while creating recurring rewards at a specific frequency. With an LSA, employees receive points on a consistent basis that they may spend on needs-based purchases. Employees have more discretion over how to utilize their finances thanks to this recurring allowance, which nevertheless provides administrators the option to design unique initiatives and curate lists of permitted expenditures.

The employer also gets to choose how much each employee is funded as well as the particular expenses that are covered by LSA funds.

The employer configures the criteria, amounts, frequency, expiration, and qualifying spending categories. This is easy and simple to automate. The employer’s chosen recurring cycle will support the LSA of employees, who may use their points however they see fit.

#7. Awardco Resource Library

The Awardco Resource Library contains various content and information about the why, when, and how of rewards and recognition. From video resources to ebooks, reports, and blog posts, the resource library is a one-stop terminal for valuable insights surrounding employee recognition.

#8. Important Administration tools

The Awardco API offers these relevant administrative tools to aid the incentive and reward processes.

ü  Approvals

Based on the criteria you select, you or other members of your organization (as desired) may accept or reject employee nominations. You can also make sure you have insight into the outstanding work carried out by your team as well as where the budgets are going by using approval control over nominees.

ü  Budget Management

All of your recognition budgets can be easily managed within the platform. You can batch upload your budgets through CSV and make these changes in bulk in addition to precisely calculating allowances and expenses for any recognition program.

ü  Analytics and Reporting

This offers analytics tools that provide crucial business indicators to measure advancement and help you track the effectiveness of your recognition programs. You have access to all the data collected by the program and can easily get data-specific reports in order to make better analyses.

ü  User Management

It is as simple as any one-step process to upload users to the site. With Awardco’s interconnection with ADP Workforce Now, you can allocate suitable roles, set up a team hierarchy, and apply metadata tags to your employees’ data. By doing so, you can create automation and recognition programs that will simplify the details for you and make your work easier.

Awardco Pricing

Depending on your needs for your recognition program, Awardco Enterprise has competitive pricing that is frequently significantly less than the industry average and tailored to fit your particular needs.

The Awardco pricing plans fall into two categories: the Enterprise product and the SMB price.

The SMB pricing plan for employee recognition for businesses with fewer than 300 employees is straightforward, affordable, and all-inclusive, while the Enterprise pricing plan is the premium all-in-one incentive and recognition plan for much larger organizations.

#1. SMB Plan

Under this category, there is the lite SMB plan and the Go SMB plan.

Ø  SMB lite

The SMB Lite offers a strong base with effective automation. Starting at $2,500/yr, the SMB Lite contains all you need to kickstart the rewards process, which includes:

• Automated service awards.
• Automated birthdays.
• Easy tracking and reporting
• Manager notifications.
• Quick 2-week implementation.

Ø  SMB Go

With SMB Go, you can start your rewards and recognition programs right away. Starting at $4,000/yr, SMB Go contains all the features of SMB lite and more, including;

• Automated onboarding programs.
• Peer-to-peer recognition.
• Manager-to-employee recognition.
• Value-driven recognition.
• Simple budget management

SMB Lite vs. SMB Go

#2. Enterprise Plan

Under this pricing category, there are the core, plus, and pro plans.

Ø  Core Plan

The enterprise core plan offers SMB simplicity on an enterprise scale, providing the basic options to get started. These options include;

• Service Anniversaries.
• Onboarding.
• Birthdays.
• Automation.
• Dedicated CSM.

Ø  Plus Plan

The plus plan features all the options provided in the core plan as well as;

• Spot Recognition.
• Nominations & incentives
• Bulk Recognition.
• Custom Metadata.
• Smart Award Networks.

Ø  Pro Plan

This is the most popular enterprise plan that offers custom, full-service rewards and recognition features. It contains all the features of the Plus plan as well as:

• Total Rewards.
• Custom Programs.
• Franchise Engagement.
• Custom Catalogs.
• Custom Integrations.

Core Plan VS Plus Plan VS Pro Plan

Pros and Cons of Awardco

Pros

• Businesses have complete access to their information for evaluation and presentation.
• Items are delivered across countries, oceans, and more via Awardco’s integrations with Amazon’s global shipping centers (and prevent astronomical customs costs).
• Automation of time-consuming tasks, such as onboarding, birthdays, service awards, and others.
• You can create specialized award catalogs that go with your own recognition initiatives, such as wellness, financial incentives, and others.
• Through the no markups policy, you can provide recognition and awards that are dollar for dollar.
• User-friendly interface for both employees and administrators.
• Great customer service, and customer satisfaction, especially during onboarding.

Cons

• Amazon products ordered directly from the Awardco site do not come with a tracking ID.
• When using the search option for Amazon products, there is no specific search filter implementation such as colors, or certain details, so you might have to scroll for a while to find your choice item.

How Does Awardco Work?

Awardco is a cloud-based employee recognition solution designed to boost employee engagement and simplify the reward process with incentivized programs through Amazon Business

What Benefits Do Awardco Employees Get?

Awardco Benefits include Dental Insurance, Maternity / Paternity Leave, and a 401(k) or retirement plan, along with 11 other unique benefits in categories such as Health and wellness and Office Perks.

What Can You Get With Awardco Points?

You can use Awardco points to redeem millions of rewards from Amazon Business, get tickets to events, book a hotel, choose from thousands of gift cards, or even donate to charity.

Who Owns Award Co.?

Award Co. is owned by Steve Sonnenberg.

What Are the Pros and Cons of Awardco?

Pros

• Automation.

• specialized rewards.

• No markup policies

Cons

• No tracking for Amazon items.

What Are Awardco Alternatives?

Alternatives to Awardco include;

• Gusto.
• Kudos.
• Fond.
• Bonusly.
• Culture Cloud.
• Motivosity.
• Nectar.
• Snappy.

In Conclusion

Awardco’s automation, service awards, social recognition, management of numerous recognition programs, data analysis and management, custom award catalogs, and a host of other features assist firms in creating the perfect recognition program unlike any other. Through the Awrdco API, Managers can monitor and filter data, such as receipt reports and redemption summaries, to get an understanding of how well the company’s employee rewards program is performing and to make changes that will boost productivity among the staff.

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