Market Overview:
P2P employee recognition means colleagues publicly giving each other positive feedback. These programs encourage employee engagement across the board because any team member can recognize a coworker for a job well done. Management and employees alike take part in choosing who is rewarded with peer-to-peer recognition. Further, the enterprises use employee recognition software to understand employee sentiment, promote company-wide recognition of employee success, and its positive activities that benefit the health or wellness of its employees. The tool also offers users access to libraries of questions that can be used to build custom pulse surveys for distribution among employees.
Influencing Trend:
Stringent Regulations and Need for Compliance and Huge Demand for Cloud-Based P2P Employee Recognition Software
Market Growth Drivers:
Increasing Number of Identity Related Frauds and Data Breaches and High Demand due to Enterprise Mobility as well as BYOD Trends
Challenges:
Aggregating Critical Enterprise Data Distributed Across Multiple Locations Within A Business
The key Players profiled in the report are Reward Gateway (United States), Terryberry (United States), Recognize (United States), Motivosity (United States), Kudos Inc (Canada), Bucketlist (Canada), Benefit One USA (United States) and CrewHu (United States).