What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in employee recognition software category. Our data sources in employee recognition software category include;
Employee recognition software is a behavior-driven platform that allows HR teams to set standards or qualifications to monitor employee progress. A typical employee recognition software enables
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We use the data sources on the side for ranking solutions and awarding badges in employee recognition software category. Our data sources in employee recognition software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
Vantage Circle
Awardco
Bonusly
Guusto
Kudos
Taking into account the latest metrics outlined below, these are the current employee recognition software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
Awardco
Vantage Circle
Guusto
Bonusly
Kudos
These are the number of queries on search engines which include the brand name of the solution. Compared to other People / HR categories, Employee Recognition Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 60%, 14% more than the average of search queries in this area.
55 employees work for a typical company in this solution category which is 34 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 58 companies with >10 employees are offering employee recognition software. Top 3 products are developed by companies with a total of 100k employees. The largest company building employee recognition software is ActionTrac with more than 70,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
Vantage Circle
Bonusly
Awardco
Kudos
Engagedly
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Employee Recognition Software companies. The most positive word describing Employee Recognition Software is “Easy to use” that is used in 20% of the reviews. The most negative one is “Difficult” with which is used in 2.00% of all the Employee Recognition Software reviews.
According to customer reviews, most common company size for employee recognition software customers is 51-1,000 employees. Customers with 51-1,000 employees make up 41% of employee recognition software customers. For an average People / HR solution, customers with 51-1,000 employees make up 22% of total customers.
These scores are the average scores collected from customer reviews for all Employee Recognition Software. Employee Recognition Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 833 times per month on search engines in 2022. This number has increased to 880 in 2023. If we compare with other people / hr solutions, a typical solution was searched 975 times in 2022 and this increased to 1k in 2023.