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Employee Recognition Software

How Employee Recognition Software Is Priced

How employee recognition software is priced: the pricing models you will meet, what drives the cost and the fees that are easy to miss.

By LeadChange Research TeamUpdated Facts checked

How much employee recognition software costs

Common pricing models: per employee per month, platform fee plus rewards funding, tiered by features, freemium, and custom quote. Too few vendors publish comparable list prices for us to give a price range (so far Bonusly does); the models and cost drivers below explain what you will be quoted.

Cost by company size

Estimated list price per month by number of employees
EmployeesBonusly Team + Bizy
1$3/mo
10$30/mo
25$75/mo
50$150/mo
100$300/mo
250$750/mo

Pricing models explained

  • Per employee per month. A monthly fee for every employee on the platform, whether or not they use it. Costs scale with total headcount.
  • Platform fee plus rewards funding. A subscription plus a separately funded rewards budget. You pay for the platform and for the value of the rewards.
  • Tiered by features. Plans separate basic recognition from analytics, integrations and advanced rewards. Check which tier includes your HRIS integration.
  • Freemium. A free plan with limited users or features, typically without a funded rewards catalog.
  • Custom quote. Enterprise pricing based on headcount, global rewards and services.

What drives the price

  • Number of employees licensed
  • Rewards budget and points funding
  • Global reward fulfillment
  • Integrations with HRIS, payroll and chat
  • Analytics and reporting modules
  • Service awards and custom programs

Fees to ask about before you sign:

  • Transaction or redemption fees on rewards
  • Points breakage and expiration terms
  • Shipping and international fulfillment charges
  • Integration and API fees
  • Setup of custom badges, branding or catalogs
  • Minimum annual rewards spend

Frequently asked questions

How much does employee recognition software cost?

Most platforms charge per employee per month for the software, and rewards are funded separately. Ask about redemption fees, points breakage, minimum rewards spend and integration charges. Do not compare only the subscription price. Our category data shows current starting prices.

Is there a limit on tax-free achievement awards?

Yes. IRS Publication 15-B lists $400 as the amount excludable from wages for awards that are not qualified plan awards, and $1,600 as the annual deduction limit for all awards per employee. The conditions are detailed, so check the publication and your payroll provider before relying on the exclusion.

Changelog

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