Austin, TX (PRWEB) October 28, 2013
Award-winning software startup YouEarnedIt continued to progress with another period of rapid growth. The news of the company’s record quarter comes on the heels of a major product update (YouEarnedIt Version 2.0). YouEarnedIt is an employee recognition platform that offers a best-in-class approach to peer-to-peer recognition, fueling engagement in the workplace and building stronger company cultures.
Unprecedented growth: YouEarnedIt’s simple approach to employee engagement has recently attracted high-profile companies such as Boston-based PayPal Media Network and New York City’s Condé Nast as clients.
“The YouEarnedIt approach to democratizing the employee recognition experience is catching on with major business players in all industries,” says Steve Semelsberger, CEO of YouEarnedIt, Inc. “The simple approach and flexibility in rewards is attractive for companies looking to implement something different than the typical approach to how we engage and reward our teams.”
Customers – ranging in size from 12 employees to 100K+ person companies – point to the platform’s simple and flexible approach to recognition and the user-friendly interface as its top features and reasoning for widespread user engagement.
In the 10 months since its beta launch, YouEarnedIt has grown to serve more than 50 innovative companies, including PayPal Media, Kaiser Permanente, RetailMeNot, Redbox Instant, and Young & Rubicam. YouEarnedIt’s Q3 growth represents a more than 40% increase in total new customers for the recognition and rewards software company, which has expanded its sales, marketing, customer success, and core engineering teams to meet the demand.
Clear Benefits: According to customers, YouEarnedIt’s simplicity and flexibility in approach, and high levels of employee engagement with the software, are its biggest strengths. During Q3, employees at client companies sent over 16 million points of recognition and approximately 4,000 employee rewards were redeemed through the platform in the same period. More than 60% of all employees on the system post recognition at least once a month.
“The YouEarnedIt peer rewards platform has bolstered morale and created an environment of inter-departmental support and collaboration within the Condé Nast Media Group,” says Liz Line, the company’s Executive Director of Activation, Marketing Solutions. “The user-friendly platform is engaging and fun and has successfully enhanced our ability to provide timely recognition and meaningful feedback across the organization. Reading employee recognition comments has become the highlight of my day!”
Customers have reported a decrease in annual spend previously devoted to recognition, engagement, and team incentive programs post-implementation of YouEarnedIt. Multiple customers have estimated savings of more than 50% of its previously allocated budget for employee recognition, rewards and celebration initiatives, freeing up funds for other priority projects.
Version 2.0 and Industry Acclaim: The technology team behind YouEarnedIt recently released new updates and system features that significantly improve user experience and platform functionality. In addition to enhanced capabilities around product fulfillment and reward catalog flexibility, these features aim to create a fun and intuitive experience for both end-users and program administrators.
Recent awards, including being named one of the ‘100 Brilliant Companies’ by Entrepreneur Magazine and winning the popular vote for Great Place to Work “Best People Practice” award, serve to underscore YouEarnedIt’s growth, as business leaders identify the need for a more effective and engaging approach to recognizing employees and creating better work environments.
About YouEarnedIt: YouEarnedIt fosters happiness at work through a simple, fun, and flexible employee recognition software. With real-time peer recognition and custom rewards, YouEarnedIt allows companies to implement a simple yet powerful approach to recognition, reward, and employee engagement.
The YouEarnedIt team believes in the science of happiness to foster better work environments and happier employees all around. YouEarnedIt is headquartered in Austin, Texas. For more information, visit http://www.youearnedit.com.