The 'Bonus.ly' Platform Lets Employees Reward Each Other
Alexander Lam — June 3, 2013 — Tech
References: bonus.ly & springwise
An employee payment platform called 'Bonus.ly' aims to increase organizational citizenship while automating bonuses. The website allows employees to allocate bonuses to each other. Thus, only people who actually know who deserves a bonus get to award compensation. Through the system, each employee is given a monthly allowance. The employees can then use that allowance to award others for good deeds. Bonuses can be built up and managers can pay them whenever it is convenient.
The value behind Bonus.ly comes from the motivation that it provides. This bonus system is more equitable than traditional compensation systems. In addition, each award is transparent so good behaviors are positively reinforced.
The platform has already proven to work with computer technology corporation Oracle. Oracle's team embraced the system and Bonus.ly had a consistently high level of use after eight weeks.
The value behind Bonus.ly comes from the motivation that it provides. This bonus system is more equitable than traditional compensation systems. In addition, each award is transparent so good behaviors are positively reinforced.
The platform has already proven to work with computer technology corporation Oracle. Oracle's team embraced the system and Bonus.ly had a consistently high level of use after eight weeks.
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