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Awardco Plans & Pricing
Awardco offers three pricing tiers with increasing robustness in terms of recognition programs, rewards, communication, and administration per level. Awardco isn’t directly advertising the exact price per plan on its website, and it will require you to contact sales to get a demo.
However, as Awardco requires a minimum of $5,000 USD to be signed on for its Core plan—the lowest tier—for a year, it would only be cost-effective for teams of at least 250 members. For the Pro plan, companies of at least 187 employees would find the 7500 USD/year minimum engagement reasonable.
| Plan Tier/Level | Core | Plus | Pro |
|---|---|---|---|
| Monthly Cost/Per user | $1.67/employee/month ($20/employee/year, $5000 minimum) | $2.2/employee/month ($26.40/ employee/ year, $6000 minimum) | $3.33/employee/month ($40/employee/year, $7500 minimum) |
| Recognition Programs | Service Anniversaries, Birthdays, Onboarding | Spot Recognition, Bulk Recognition, Metadata (Tags, Filters) | Nominations & Approvals, Lifestyle Spending Account (LSA), Franchise Engagement, 5 Custom Programs, Incentive Programs, Total Rewards |
| Rewards | Virtual Gift Cards, Amazon BusinessEvents, Priceline Hotels | Smart Award Networks, Turn-key Swag Store | Custom Catalogs, Physical Awards |
| Communication | Email Templates/ Notifications | Email Templates/ Notifications, SMS Notifications | Email Templates/ Notifications, SMS Notifications |
| Administration | 4/7 Customer Support, Single Sign-on, Awardco App, HRIS Integration, Basic Budget Controls, Basic Analytics/ Dashboards, Dedicated CSM | 4/7 Customer Support, Single Sign-on, Awardco App, HRIS Integration, Basic Budget Controls, Basic Analytics/ Dashboards, Dedicated CSM | 4/7 Customer Support, Single Sign-on, Awardco App, HRIS Integration, Basic Budget Controls, Basic Analytics/ Dashboards, Dedicated CSM |
Awardco overview
| Starting price | $5000 minimum |
|---|---|
| Best for | Streamlined Employee Recognition with Custom Rewards |
| Free plan | ❌ |
| Free trial | ❌ |
| Subscription | ✅ |
| App | PWA (Progressive Web Application) |
| Integrations | Amazon Business, Slack, Microsoft Teams, Microsoft Outlook, Workplace by Meta, Workday, BambooHR, ADP, Deloitte Tax Content, Zendesk |
Features
Awardco has a unique partnership with Amazon Business for its extensive tangible rewards, which some employees may prefer over receiving only from a limited set of brands, such as Workhuman’s offer. Awardco also ties employee onboarding with rewards and recognition programs. Its peer-to-peer recognition feature helps employees boost each other’s morale.
New Product Update
September 12th, 2024 Update: Awardco now empowers admins to have more control over customized employee rewards. This new feature streamlines awarding processes and avoids time wasting. Admins will be able to access award budgets, manage award networks, and customize award options, point permissions, global options, and email templates for each of their reward networks. I consider this feature update a plus for admins managing international teams who need to customize award labels by country or region. It will also help admins eliminate the need for third-party intervention, as they can now track and monitor critical aspects of their reward networks.
Another thing about Awardco’s new updates that I think most organizations aiming to streamline their reward systems will find helpful is its point expiration tool. While this latest update helps admins work strictly with the company’s budget, it will also indirectly increase employees’ participation in their company’s rewards program. It benefits admins and organizations, balancing employee engagement with cost control.
Integration with Amazon Business
Awardco’s partnership with Amazon Business allows employees access to millions of reward choices with lower vendor fees and maintaining dollar-for-dollar recognition spend. This feature is unique to Awardco. With Amazon’s global fulfillment centers, employees can receive their physical rewards fast and easily.
Also, if an employee is a few points short of a desired item on Amazon, they can simply pay for the remaining amount.
Point System, Onboarding, and Milestones
Onboarding is an essential part of Awardco, allowing HR teams to reward employees from day one with a bonus of 100 points, equivalent to a $100 reward, as it’s a 1-to-1 equivalence by default. Employees can redeem these on company merch to serve as free marketing for the business and, at the same time, to make the employee feel truly welcomed as a new team member.
Additionally, you can set up Awardco such that a new employee can claim points once they complete a task, including an onboarding to-do list. The Awardco system also helps employees keep track of their careers with memory books.
Peer-to-Peer Recognition
Employees can give Awardco points to fellow workers to give a solid appreciation for their job. It develops a positive company culture and encourages teams to help each member. Awardco gives employees a sense of being connected to everybody in the company, even those in remote setups.
Integrations
Awardco’s integration with Amazon Business allows employees to redeem rewards of their own choice, thus making a company’s recognition program more relevant and exciting. Awardco also links with communication tools such as Microsoft Teams, Slack, and Workplace by Meta, where any recognition made in such apps also posts to the Awardco platform recognition feed.
With its BambooHR integration, Awardco can automatically transfer employee rosters to Awardco’s servers. If you’re using Zendesk, you can link it with Awardco to automate recognition and rewards based on Zendesk performance metrics.
Awardco Customer Reviews
Customers have given Awardco an average of 4.8/5 points in their reviews. It has been effective for those who work remotely, allowing them to boost each other’s morale even from home. HR admins have also appreciated how painless it is to set up Awardco, including managing different currencies for global teams.
The most valued part is the freedom of choice Awardco has been giving employees when it comes to redeeming tangible rewards.
Awardco vs Top Competitors
| Provider | Best for | Starting Price | Free Plan | Free Trial | Mobile App | Integrations |
|---|---|---|---|---|---|---|
| Workhuman | Large organizations and global corporations | Custom quote | ❌ | ❌ | ✅ | Slack, Safari, Chrome, Firefox, Microsoft Teams, Microsoft Outlook, Yammer, Workday |
| Motivosity | Fast-paced companies and medium-sized businesses | $2/user/month | ❌ | ✅ | ✅ | BambooHR, Microsoft Azure, Paychex, Google Sheets, Slack, Microsoft Teams, Google Calendar, Outlook Calendar |
| Bonusly | Startups and tech companies with a young workforce | $3/user/month | ❌ | ✅ | ✅ | Slack, Microsoft Teams, Google, Google Chat, Dayforce, Workday, Namely, Zenefits, Gusto, ADP, Ultipro, iSolved, Paychex, Paylocity, SAP, Sage, BambooHR, HiBob, SFTP, Self Serve, Zapier |
Awardco vs Workhuman
Awardco specializes in employee recognition and rewards, while Workhuman offers a broader range of HR solutions, including performance management and analytics. Workhuman is best suited for larger, global organizations.
Because of its partnership with Amazon Business, Awardco allows employees to choose physical reward items from virtually any brand. Workhuman, on the other hand, has partnered with specific brands, such as Nike, Sony, Kate Spade, Fitbit, and Ralph Lauren, for tangible employee rewards.
Awardco vs Motivosity
Motivosity offers additional features such as manager development and employee insights. Meanwhile, Awardco complements its main rewards feature by adding onboarding management. Interestingly, Motivosity specifically states that it’s best used for businesses with at least 25 employees, which is a much lower threshold in terms of per-user-costs compared to Awardco’s $5000 minimum engagement.
Like Awardco, Motivosity offers customizable rewards, including digital gift cards, charitable donations, and company-branded swag. However, Motivosity’s unique approach comes with its ThanksMatters Visa card, which allows employees to spend their rewards as cash. This can be a game-changer for personalized spending compared to Awardco’s partnership with Amazon Business for reward choice and delivery.
Awardco vs Bonusly
Bonusly primarily focuses on peer-to-peer recognition and social features. It has less emphasis on automated recognition and HRIS integrations, which are significant features of Awardco. Awardco also has a more extensive selection of rewards, especially tangible ones, thanks to its partnership with Amazon Business and even Lazada, especially for Southeast Asia, allowing it to provide employees with a vast array of merch options.
Both Awardco and Bonusly offer gift cards and cashout as points redemption options. However, Bonusly has another unique reward called Bonusly Points Boost, which allows users to purchase additional points to use for a desired reward.
How We Test HR Software
We test HR software, including the Awardco app, using standard criteria.
- Pricing – We prioritize cost-effective pricing for both small startups and large enterprises, keeping in mind the value for money at every pricing tier.
- Features – Basic and convenient extra features make HR systems more seamless.
- Integrations – The more integrations with accounting, payroll, HRIS, HRMS, and other HR management apps, the better.
- Automation – If an HR app can automate most repetitive tasks, that would free up the HR team to focus on high-level strategies.
- Ease of use – The easier the use, the higher the adaptability.
- Third-Party Reviews – It’s vital to see other use cases and how the product is useful from their perspective.
How to Choose the Best HR Software
Ensure your new HR software works seamlessly with the rest of your business processes.
Choose software that matches the size and complexity of your business, whether it’s for a small startup or a large enterprise.
Look for key functionalities like employee self-service, benefits and rewards management, compliance tracking, payroll processing, and onboarding.
Consider your budget and look for transparent pricing that aligns with your company’s needs without hidden fees.
Select user-friendly software with an intuitive interface to ensure smooth adoption by HR staff and employees.
Ensure the software integrates seamlessly with your existing business systems, like accounting, communication, and project management tools.
Opt for a provider with reliable, accessible customer support to assist with any issues or training needs.
