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Drive along I-15 between Salt Lake and Utah County and you'll see your fair share of startups dotting the freeway. But there's one business that stands out among the rest — and it's not because it has the flashiest building. It has more to do with what's happening on the inside.
Awardco is the next up-and-coming tech company to emerge from the hotbed of Silicon Slopes, but it isn't your typical tech company. Named the fastest growing company in Utah last year, Awardco just raised the largest Series A round of funding in HR SaaS history, according to PR Newswire.
Plus, they've doubled their revenue (and employee count) every year since the company's inception in 2015. Through it all, they've been careful to be fiscally responsible. Bootstrapping their way from when they were just founded until now, Awardco has managed to turn a profit every year.
But rather than pat themselves on the back, Awardco's main goal is to turn the recognition toward others. In fact, that's their business — to focus on all the good things people (like you) do every day.
And it seems to be working.
A mission to recognize the good
It won't surprise you at all to learn that a little employee recognition can go a long way toward boosting company morale. A 2011 Staples Advantage survey found that company-driven incentive programs made 85% of workers feel more valued. 70% were happier and more motivated at work. 65% felt more loyalty toward their companies. 60% felt they were more productive. The results speak for themselves!
But if you've ever had the honor of being recognized for a job well done at work, you probably didn't get to choose your reward. Sure, prime parking spots or plaques with your name on them are nice gestures. However, picking something you actually want is much more incentivizing. That's the idea that fueled the creation of Awardco — the only employee recognition organization to partner with Amazon.
The premise is simple: When employees do good things, they earn a certain number of points that they can use to redeem prizes directly from Amazon. And once again, the results are speaking for themselves. Awardco currently has 3.34 million users globally, spanning over 141 countries after recently expanding in the United Kingdom and Europe. Every 3.4 seconds, someone gets recognized — and rewarded — for their hard work.
Awardco is also a sales operations tool, a culture-building tool, an incentives tool and so much more. They're changing the landscape of the workplace by focusing on the positive in a world that so often does the opposite.
As their value statement says, "We exist to recognize the good in each of us and reward the value we bring to each other."
Recognizing and promoting all the good in the world has a way of creating more goodness. Call it kismet. Call it karma. Whatever it is, it just keeps going around and around. And people all around the world are starting to catch on.
Get started with Awardco today
The company's reach may have extended around the globe, but Awardco is proud of their humble beginnings right here in Utah. (In fact, they're planning to open a new office building in Pleasant Grove.) Nothing would make them happier than to help local businesses start developing a positive company culture and witness the ripple effect firsthand.
Not only will your employees get to choose their recognition rewards, but you'll get automated reminders for work anniversaries, birthdays and other milestones. To start spreading more goodness around — and to simplify your administrative duties — contact Awardco today!
