Employee Incentive Deep Dive: Nectar Review

As one of the leading employee incentive providers, Nectar HR stands out with its simple yet effective recognition and rewards mechanism and features built around elevating company culture.

When an effort is made to make employees feel appreciated, they reciprocate that effort.

In fact, research continuously demonstrates the correlation between employee recognition and business growth, especially in the way it creates a strong workplace community.

Emerging as a solution that bridges these two is Nectar HR, an employee recognition platform designed around worker appreciation and camaraderie.

Peer-to-peer recognition takes center stage with this provider thanks to its easy-to-use interface and many customizable rewards that employees can redeem.

Before diving deeper into our Nectar HR review, let’s first take a look at how these employee incentive programs can help businesses and their employees.

The Importance of Employee Incentive Programs

As the talent market grows more competitive and workers’ needs evolve, recognition and rewards become crucial for the workplace culture.

Used as incentives, they keep the workforce engaged, satisfied, and loyal.

In fact, statistics show that those who received recognition for their work were less likely to feel burned out and look for a new job and were more likely to thrive in their life.

Additionally, employees were seven times more likely to engage at work when they felt the incentive was right for them.

However, with options that range from monetary rewards and performance-based incentives to recognition programs, finding the right one might not be easy.

Thus, there is a need for a comprehensive solution that helps companies align organizational goals, values, and culture with their employees’ needs.

One provider that can help with that is Nectar.

Nectar HR

Nectar, or Nectar HR, is an employee recognition software that caters to companies looking to boost workplace morale and engagement.

With almost a decade of experience in the industry, this Utah-based provider assists HR professionals and team leaders in overcoming common challenges in employee appreciation, such as lack of visibility and inconsistent recognition practices.

In doing so, Nectar positions itself as a provider that helps companies build a workplace culture of collaboration and appreciation.

Product Overview

Nectar’s cloud-based platform reinforces company values by allowing remote and on-site employees to express gratitude to one another.

Essentially, the provider distributes points, which employees can receive from and give to colleagues, often with personalized messages.

Once the employee collects enough points, they can redeem them for gift cards, discounts, and company memorabilia.

Although similar to competitors in its core mechanics, Nectar’s expansive rewards catalog, including Amazon products and extensive discounts, sets it apart.

Additionally, the provider offers challenges and milestones to engage employees further, a feature not available from many competitors.

Nectar HR is, however, a solution with features that are mostly compatible with small businesses, and medium-sized companies looking for scalability and comprehensive integration coverage.

Product Features

What immediately stands out in this product is its user-friendly platform, as well as the awards system and comprehensive peer-to-peer and manager-to-employee recognition process.

Via a simple dashboard, participants can send and receive recognition in realtime and share their achievements, which promotes transparency. They can also collect and redeem points in the rewards catalog, featuring plenty of customizable incentives.

Other features that are worth mentioning are:

The software includes performance tracking and analytics to measure the impact of recognition efforts.
Nomination and voting for awards allow employees to assign their colleagues for awards or participate in the voting process.
Nectar HR has a mobile app that provides easy 27/7 access from anywhere
Besides rewards, the provider offers challenges and milestones to promote wellness and boost healthy competition.
There is a discount program that doesn’t require points to redeem.

Pros & Cons

Pros of Nectar HR	Cons of Nectar HR
A simple platform for peer-to-peer recognition	Limited functionalities & integrations
User-friendly interface	Limited scalability
Large customizable rewards catalog, including Amazon gift cards	No free trial
Affordable plans and volume discounts	Comes with a minimum monthly charge
Challenges and milestones for employee engagement	It might not be suitable for large corporations

Free Trial & Pricing

Nectar HR plans start at $2.75 per user per month for the Standard plan, with a minimum monthly charge of $125. A more comprehensive subscription is Nectar’s Plus plan, which starts at $4 and has a minimum monthly charge of $200.

There is also an option for a custom subscription that includes all the features from the other two plans, plus additional functionalities like a multi-language platform, offline reward cards, etc.

Besides its competitive price plans, Nectar doesn’t offer a free trial.

However, depending on the number of employees, the provider offers volume discounts.

Alternatives

While this vendor excels in providing a straightforward and effective recognition platform, it might not be the right solution for all companies.

If that’s the case, the following are alternatives businesses can consider, depending on their preferences.

WorkProud – Comprehensive platform with customizable solutions for employers and employees worldwide.
Awardco – Extensive rewards catalog and features best suited for mid-to-large businesses.
Guusto – Easy to use, with a focus on personalized gifting solutions and flexible redemption options.

Nectar HR Success Stories & Case Studies

The results speak volumes about Nectar’s contribution to employee recognition.

For example, a case study for one of its clients, Diversified Insurance Group, shows that Nectar HR doubled program participation and recognition among the company’s employees. 

The platform improved department collaboration, giving managers a simple way to acknowledge their team members.

Nectar also claims to increase engagement for 94% of its customers and employee morale for 91%.

Another 89% used it to maintain a great remote work culture.

Conclusion

A company’s success hinges on its employees’ well-being, satisfaction, and commitment.

Employee engagement platforms like Nectar ensure businesses achieve their goals, all while keeping the workforce happy, motivated, and productive.

Overall, Nectar HR offers a simple solution that empowers companies to cultivate a positive workplace culture and achieve their business objectives.

Disclosure: Some of the products featured in this blog post may come from our partners who compensate us. This might influence the selection of products we feature and their placement and presentation on the page. However, it does not impact our evaluations; our opinions are our own. The information provided in this post is for general informational purposes only.

Written by Tamara Jovanovska

Content Writer at Shortlister

Sources

Employee Incentive Programs

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