Case Study: Financeit achieves unified company-wide recognition and control of reward spending with Bonusly

Increasing visibility and control of employee rewards budget

Financeit faced fragmented, department-level recognition programs and separate budgets with no central way to manage reward spending or measure impact. People Success Specialist Bahar needed a single system to unify recognition, track spending, and demonstrate value to leadership.

By implementing Bonusly, Financeit created a company-wide recognition program and uses Bonusly Analytics to monitor recognition frequency and reward spend. Since July 2018 employees have given over 24,450 recognitions; 89% receive recognition monthly and 81% give it; popular rewards include no-markup digital gift cards and Recognition Allowance Boosts, with about a third of spend going to boosts and donations. HR now centralizes spend tracking, every department uses the same program, and the team can easily measure and report the program’s impact.

Financeit

Bahar

People Success Speacialist