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ST. LOUIS, June 20, 2024 – Bonfyre was named today the “Employee Recognition Solution of the Year” in the 2024 RemoteTech Breakthrough Awards. The awards are conducted by RemoteTech Breakthrough, an independent market intelligence organization honoring excellence in technologies that empower remote work and distributed teams around the globe.
Recognition and rewards are an essential part of maintaining talent, with retention 31% higher in companies with strong employee recognition cultures. Though it’s a challenge for companies to do this well at scale. Enabling leaders to recognize their teammates’ contributions and key milestones is often a manual, inefficient process. Plus, standard rewards programs – which often feature marked up merchandise and confusing points systems – are not designed to maximize value for the employee.
Bonfyre Recognition & Rewards was created to help. With automated reminders and pre-built recognition actions sent to leaders in the flow of work, along with a seamless, no-fee digital gift card rewards marketplace, Bonfyre Recognition & Rewards allows organizations to increase recognition activity by up to 80% and save 50% compared to current solutions on the market.
RemoteTech Breakthrough performs a comprehensive evaluation of remote technology solutions, recognizing the creativity, hard work and success of companies in this space. This year’s award program attracted thousands of nominations worldwide, with winners in other categories including Slack and Workday.
“For too long, employees have not received the full impact from their company’s rewards program,” says Mark Sawyier, Bonfyre co-founder and CEO. “Bonfyre Recognition & Rewards is here to change that. We reach every team member with rewards delivered through SMS, email, or Microsoft Teams and give them rewards they actually want – over 1K+ full value digital gift card options across 80 countries. We are honored to be recognized by RemoteTech Breakthrough for the advancements we’ve brought to the rewards space.”
This marks the 5th RemoteTech Breakthrough award Bonfyre has received for innovation across its platform, also being recognized for the frontline-friendly Bonfyre employee app, Culture Coach AI, and Bonfyre for Microsoft Teams. All of these elements together make it easy for HR teams and leaders to improve engagement scores, retention and performance.
Mark Sawyier continues: “Companies extend the impact of recognition & rewards by offering them alongside other capabilities of the Bonfyre platform, such as team building, celebrations, surveys, internal communications and more. Employees benefit from Bonfyre as a single, easy-to-access destination for culture and engagement.”
About Bonfyre
Bonfyre is a workplace culture platform for building human connections in a modern, more remote workforce. We do this by giving leaders and employees the engagement tools they need to build culture in their preferred channel (including Microsoft Teams, email, SMS, and the standalone Bonfyre App). Along with Bonfyre’s Culture Coach AI, we support engagement at scale by automatically delivering pre-packaged actions team members can take in just a few clicks to recognize and reward great work, celebrate a birthday or training certification, launch a team building activity and more. With all these pieces together – the engagement capabilities, Culture Coach AI and our platform integrations – Bonfyre has end-to-end visibility into which actions leaders take, which have high engagement and how these actions correlate to and drive business outcomes like higher retention, engagement scores and performance. Bonfyre was founded in 2012 and is headquartered in St. Louis. Gather around™ with Bonfyre.
About RemoteTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the RemoteTech Breakthrough Awards program is devoted to honoring excellence in technologies, services, companies and products that empower remote work and distributed teams around the globe. The RemoteTech Breakthrough Awards program provides a forum for public recognition around the achievements of technology companies and solutions in categories including messaging & communication, project management, virtual events, team collaboration, virtual offices, collaborative design and more. For more information visit RemoteTechBreakthrough.com.
Media Contact
Andrew Carlson
press@bonfyreapp.com