Employee recognition and appreciation are important drivers of employee satisfaction, engagement, and retention. However, despite the fact that companies spend over $46 billion dollars a year on recognition programs, studies show that over 50% of employees do not feel appreciated and 59% are unsatisfied at work. To help solve this problem, MeritShare has launched the first employee recognition service that combines both online and offline awards, peer recognition, social trophies, and gamification features to help companies motivate, inspire, and ultimately, retain their teams. MeritShare’s online service creates a company-specific online site with awards, shout-outs, comments and points. MeritShare provides a free non-expiring service and premium tiers that start at $99 per month.
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