Social Media Tool that Encourages Employee Motivation
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 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."
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 start-up veterans Travis Pearl and Kevin Nakao. Both previously worked at Top 40 website WhitePages and launched several popular mobile and premium services.
Edited by: Kristin Craik
Microsoft: Building a secure foundation to drive NASCAR
Microsoft is a key partner of The National Association for Stock Car Auto Racing (NASCAR) and together they are driving ahead to create an inclusive and immersive new fan experience (FX).
These long-term partners have not only navigated the challenges posed by the COVID-19 pandemic with the use of Microsoft Teams and Microsoft 365, but are now looking to a future packed with virtual events to enhance the FX, well beyond NASCAR’S famous Daytona racetrack.
“Together, we've created a secure environment that's allowed for collaboration, but the future is all about the fans”, said Melinda Cook, General Manager for Microsoft South USA Commercial Business, who cited a culture of transparency, passion, adaptiveness, and a growth mindset as to why this alignment is so successful.”
“We've partnered to create a fluid, immersive experience for the users that is supported by a secure foundation with Microsoft in the background. We are focused on empowering and enabling customers and businesses, like NASCAR, to reach their full potential. We do this with our cloud platform which provides data insights and security.”
“Our cloud environment allows NASCAR to move forward with their digital transformation journey while we are in the background,” said Cook who highlights that Microsoft is helping NASCAR
- Empower employees productivity and collaboration
- Improve fan engagement and experience
- Improve environment security and IT productivity
- Improve racing operations
Microsoft Teams, which is part of the Microsoft 365 suite, enabled employees to work remotely, while staying productive, during the pandemic. “This allowed people to provide the same level of productivity with the use of video conference and instant messaging to collaborate on documents. Increased automation also allows the pit crews, IT, and the business to focus on safety, racing operations, and on the fan experience,” said Cook.
“We have started to innovate to create a more inclusive fanbase, this includes using Xbox to give people the experience of being a virtual racer or even leveraging some of the tools in Microsoft Teams to have a virtual ride along experience.”
“These environments are how we create a more inclusive and immersive experience for the fans. We're working on a virtual fan wall which allows people from new locations to participate in these events,” said Cook, who pointed out Microsoft was also helping bring legacy experiences alive from NASCAR’s archives.
“At Microsoft we can take it one level further by letting fans know what it's like to see the pit crew experience, the data and all the behind-the-scenes action. We will continue to improve automation with machine learning and artificial intelligence, from marketing to IT operations to finance to racing operations,” said Cook.
Christine Stoffel-Moffett, Vice President of Enterprise Technology at NASCAR, said: “Microsoft is one of our key partners. They have been instrumental in helping the NASCAR enterprise technology team re-architect our Microsoft systems to ensure an advanced level of security across our environment, contribute to our business outcomes, and focus on fan experience.”