Oracle's market-leading performance management applications enable organizations to achieve business excellence by integrating strategy, planning, and execution across management and operational systems.
Oracle EPM’s VP of Product development wanted to implement an innovative social application across a large development team spread over multiple locations (US and abroad), to increase employee morale and motivation.
He wanted to reward excellence faster than a traditional annual bonus scheme by quickly recognizing employee achievements.
The team implemented Bonusly in under an hour. Shortly thereafter, Bonusly was introduced to all 78 team members in Nov 2012 at a team all hands meeting. Each of the team members received a monthly 100 point allowance, recurring monthly.
The team opted to use points as the rewards currency and to adopt the automatically generated quarterly and annual accolades, including awards to employees who give and receive the most bonuses.
The system was embraced by the team and, without encouragement or training, was quickly in widespread use. Within 8 weeks 78% of users had given at least one bonus and 94% had received one. High usage levels have held constant with typical users giving 3 or more bonuses per month.