Bonusly Enhances Employee Rewards and Recognition Platform, Enabling Companies to Boost Productivity and Increase Retention

Bonusly, an engaging recognition and rewards platform that connects teams and enriches company culture announced critical product enhancements that enable increased productivity and retention. These include an improved user experience, updated manager analytics, custom feeds, and new reward catalog features.

Retaining high-performing, productive employees is more challenging than ever. Over 4 million Americans quit their jobs monthly between July and November of 2022. According to Gartner, that figure is expected to grow, with turnover rates up to 24%. Additionally, data from the United States Bureau of Labor Statistics found that labor productivity decreased 2.7% in Q1 of 2023—the biggest decline in 75 years—leading companies to lose up to millions of dollars annually.