MeritShare is a brand new service that makes it easy for anyone to give recognition or show appreciation.
Over the last couple of months we have been working with a few select companies who have been using MeritShare as pilot customers. When you build something like MeritShare that requires user participation there is always a fear that no one will care. We have been very happy with the participation and feedback like: “Fun, Awesome, I love how the team is interacting, I was surprised to see someone from every team get involved”. People do care, you just need to let them.
Most people want a better workplace, and showing appreciation and recognition can be a very important contributing factor. Traditionally recognition and awards have been in the domain of management and leadership. Some companies do a great job of this, but many suck with over 50% of people saying they don’t feel appreciated at work. Our goal is to change this by giving everyone super-powers of appreciation. We don’t want to replace effective “top-down” award programs, but compliment with the input and actions of all employees. Today is the first step in this great mission to make work better, please join us by going to MeritShare today and giving a deserving co-worker some well-needed praise.
Our Official Announcement:
MeritShare is launching first employee recognition service that combines both online and offline awards, peer recognition, social trophies, and gamification features.
SEATTLE, WA – December 19, 2012 – 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, today, MeritShare is launching 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 manages email engagement campaigns, reminders, and a weekly email digest to build a stronger work community around recognition and achievement.
Companies that use MeritShare can choose from stock social trophies or create and customize their own awards. San Francisco start-up Vungle who has been piloting MeritShare to reinforce company values like persistence with a Honey Badger award. MeritShare also leverages a physical element to its recognition strategy. For Vungle, MeritShare created a Honey Badger trophy for the company engraved with their logo and a matching online badge. Each new winner of the Honey Badger award is added to the “traveling” trophy on an engraved placard updated by MeritShare each month. Virtual and physical recognition encourages companies like Vungle to interact and appreciate one-another in both their online and offline worlds.
“As demand for talent continues to outpace supply, companies need to do more than offer perks de jour to retain their best employees,” said Travis Pearl, co-founder of MeritShare. Pearl adds, “With MeritShare, we offer organizations of any size, a easy and affordable way to for employees to give and receive recognition and appreciation.”
“MeritShare makes it easy to provide internal recognition and the social features help ensure more people know about key accomplishments across our growing organization,” says Ken Willner, CEO of Zumobi, a leading mobile media company and one of the top places to work in Seattle. “Our team partnered with MeritShare to develop a “ThankZ” award that encourages peer recognition and we’ve seen tremendous involvement from our employees at levels.”
MeritShare provides a free non-expiring service and premium tiers that start at $99 per month. Unlike other employee recognition providers, MeritShare does not require companies to purchase prizes and points. “Whether you manage a team or are an individual, you can start using MeritShare right now,” said Kevin Nakao, co-founder of MeritShare. “Our mission is to arm everyone with super powers of appreciation & motivation.”
MeritShare was started this summer by Seattle technology veterans Travis Pearl and Kevin Nakao. Both previously worked at WhitePages (top 40 website) and launched several popular mobile and premium services.
Referenced Data Sources
Bersin & Associates 7/9/12
2011 Workforce Mood Tracker