Awardco is an employee recognition and rewards platform that integrates with Amazon Business to provide a vast selection of rewards without markups. The platform enhances employee engagement and productivity while reducing turnover by offering customizable recognition programs and automated incentive management.
Funding
$65M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
RSFounders
Product
Problem
Many employee recognition programs lack meaningful rewards, leading to disengagement and a perception that the efforts are insincere. Traditional rewards systems often involve limited catalogs, markups, and administrative overhead, diminishing the impact of the recognition.
Solution
Awardco provides a comprehensive employee recognition and rewards platform integrated with a vast reward network, including Amazon Business, to offer employees a wide selection of redemption options without markups. The platform enables customizable recognition programs, automated incentive management, and service awards to enhance employee engagement, boost productivity, and reduce turnover. By providing a diverse and desirable reward catalog, Awardco ensures that recognition feels genuine and impactful, fostering a positive work environment.
Target Audience
Awardco primarily targets HR and People Operations professionals, as well as leaders in Sales, Finance, Customer Support, and executive roles across various industries, including Healthcare, Financial Services, Technology, and Manufacturing.
Features
- Integration with Amazon Business and other reward networks for a wide selection of redemption options, including merchandise, gift cards, hotels, events, and experiences.
- Customizable recognition programs to align with company values and specific achievements.
- Automated incentive management to streamline the rewards process and reduce administrative burden.
- Service awards and milestone celebrations to acknowledge employee tenure and dedication.
- A-Pay employee rewards cards that allow employees to redeem points for virtually anything, including funding Lifestyle Spending Accounts.
- Integration with Deloitte's tax compliance database for simplified tax reporting.
- ROI calculator to measure the financial impact of employee recognition programs.