Kazoo, the leading Employee Experience Platform, announced the addition of two new features – Cost of Living Adjustment (COLA) and Reward Manager to its platform. The move is aimed at reducing the administrative burden for multinational companies. Kazoo combines what people want with the needs of the companies in one of a kind, easy-to-use, but powerful platform that offers unparalleled employee experience.
In collaboration with Kazoo, companies can allow their employees to select from over 30,000 products along with company-branded merchandise, non-monetary experiences, service awards, and charitable donations. Rewards can be customized as per the requirements/preferences of the firms.
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Relief for Platform Administrators
Cost of Living Adjustment (COLA) is introduced with the vision of ensuring fairness in point redemptions for employees working for the same corporation from varying geographies having different living standards. Companies can now easily adjust the value of points for a group of employees working in any particular region around the world depending upon the standard cost of living there. Furthermore, Reward Manager is another interesting addition that allows large MNCs to provide more people with the capacity to update the reward catalog and moderate redemptions. The strategic employee reward program allows for sharing of the responsibility of reward approval with other trusted leaders and business partners and thus, enables platform administrators to do more in less time.
Sapna Gulati, EVP of Product at Kazoo told that one of the top priorities of the company this year was to enhance the administrator experience for its clients and that the introduction of these two new features was just a start. “By adding features like COLA and Reward Manager to our Real-Time Recognition & Rewards, we’re able to help administrators easily manage and take care of tasks so they can focus on other key areas of their business. As we move into the second half of the year, we’re excited to deliver more features that enable our customers to offer a best-in-class employee experience,” she added.
Kazoo is the only all-in-one platform that brings together Employee Engagement Surveys, Real-Time Recognition & Rewards, and Continuous Performance Management to the same portal. It plans on improving the user experience and user interface in the days to come in order to create a platform that employees would like to use. Additionally, Kazoo is also working on improving the people analytics capabilities on its platform in an attempt to expand its product offerings.
The unique employee experience platform by Kazoo helps create a goal-oriented culture in organizations where the employees are driven by a strong sense of empowerment and ownership, where the collective success of the company is the ultimate objective.