Software Alternatives, Accelerators & Startups

Compt VS Bonusly

Compare Compt VS Bonusly and see what are their differences

Compt logo Compt

Empower your team with Compt's Lifestyle Benefits—tailored, tax-compliant benefits that go beyond one-size-fits-all solutions to enhance personalization and reduce administrative strain.

Bonusly logo Bonusly

Recognition and rewards that make work fun
  • Compt Compt Business Expenses Dashboard
    Compt Business Expenses Dashboard //
    2024-08-21
  • Compt Compt Stipend Activity Dashboard
    Compt Stipend Activity Dashboard //
    2024-08-21
  • Compt Compt Lifestyle Benefits Dashboard
    Compt Lifestyle Benefits Dashboard //
    2024-08-21
  • Compt Compt Team Recognition Dashboard
    Compt Team Recognition Dashboard //
    2024-08-21
  • Compt Compt Professional Development Pro TM
    Compt Professional Development Pro TM //
    2025-02-24

Compt redefines workplace compensation through our pioneering Lifestyle Benefits platform, designed to provide highly flexible, inclusive, and personalized employee benefits. In today’s evolving work environment, traditional benefits like fair pay and health insurance are just the starting point. To truly stand out, support your workforce, and retain top talent, offering benefits that resonate with individual lifestyles is crucial. Developed by seasoned HR professionals, Compt’s platform is both user-friendly and fully tax-compliant, ensuring a seamless integration into your existing systems.

Compt's stipend categories allow you to create a program that adapts to diverse employee needs, transforming how benefits are perceived and utilized within the company. Whether it’s wellness, family, continuous learning, or more, Compt enables every employee to choose benefits that matter most to them, enhancing satisfaction and loyalty.

Founded by an experienced leader with a background as a CFO and COO, and recognized by SHRM as the top HR Tech Platform, Compt is committed to setting new standards in employee benefits. Our approach not only wins the approval of HR departments but also earns the trust and appreciation of CFOs across industries.

Whether it's LSAs, rewards and recognition, business expenses, or professional development, Compt has you covered.

Choose Compt, where benefits meet the real-world needs of every employee, driving engagement and fostering a truly supportive workplace.

  • Bonusly Landing page
    Landing page //
    2023-09-13

Compt

Website
compt.io
$ Details
paid
Platforms
ADP Sapling BambooHR Sequoia Paylocity Paychex Paycor Gusto TriNet Zenefits Rippling Kallidus Slack Okta Google
Release Date
2018 January
Startup details
Country
United States
City
Boston
Founder(s)
Amy Spurling

Compt features and specs

  • Lifestyle Spending Account
    Flexible spending accounts that let employees choose perks that matter most to them, from fitness to family care to personal development.
  • Health & Wellness Stipend
    Empower employees to invest in their wellbeing with dedicated funds for gym memberships, mental health apps, fitness equipment, and wellness services.
  • Lifestyle benefits
    Customizable benefits that adapt to your employees' diverse needs and lifestyles, from entertainment to pet care to personal growth.
  • Professional Development Pro TM
    Accelerate career growth with dedicated funds for courses, certifications, conferences, and learning resources that advance professional skills.
  • Team Recognition
    Celebrate achievements and milestones with monetary rewards that strengthen team culture and boost morale.
  • Expense Management
    Simplify benefits administration with automated approval workflows, receipt tracking, and comprehensive spending analytics.
  • Taxable and Nontaxable perks
    Smart benefits administration that automatically categorizes and processes perks according to tax requirements, ensuring compliance.
  • Internet Reimbursement
    Support remote work productivity with automated internet expense coverage for distributed teams.
  • Cell Phone Reimbursement
    Streamline mobile device expense management with automatic reimbursements for work-related phone costs.
  • Anniversary or Birthday Bonus
    Recognize personal milestones with automated bonuses that show employees they're valued year after year.
  • Spot Bonus
    Instantly reward exceptional performance with on-the-spot monetary recognition that reinforces excellence.
  • Family Stipend
    Support work-life balance with flexible funds for childcare, eldercare, adoption, fertility treatments, and family needs.
  • Food Stipend
    Keep teams energized with meal allowances for office lunches, remote work, or team celebrations.
  • Remote Office Equipment Stipend
    Enable productive home offices with stipends for ergonomic furniture, tech equipment, and work-from-home essentials.
  • Employee Perks

Bonusly features and specs

  • Employee Recognition
    Bonusly enables real-time peer-to-peer recognition, boosting morale and fostering a positive workplace culture.
  • Customizable Rewards
    Users can redeem points for a wide variety of rewards, including gift cards, donations, and custom company-specific rewards.
  • Analytics and Reporting
    The platform offers robust analytics and reporting tools, allowing organizations to track engagement and recognition trends.
  • User-Friendly Interface
    The interface is intuitive and easy to navigate, making it accessible for all employees, regardless of technical proficiency.
  • Integration Capabilities
    Bonusly integrates with other popular workplace tools like Slack and Microsoft Teams, enhancing its utility and ease of use.

Possible disadvantages of Bonusly

  • Cost
    The platform can be expensive for smaller organizations or startups due to its subscription-based pricing model.
  • Reward Fulfillment Delays
    Some users have reported delays in the fulfillment of rewards, leading to employee dissatisfaction.
  • Potential for Misuse
    There is a risk of employees gaming the system by exchanging points with each other, which can undermine the integrity of the recognition program.
  • Limited Customization for SMEs
    Small and medium-sized enterprises might find the customization options limited compared to larger organizations that may have more complex needs.
  • Reporting Complexity
    While powerful, some users find the analytics and reporting tools complicated to use without proper training.

Compt videos

Discover Compt: Personalized Employee Lifestyle Benefits for Modern Workplaces

Bonusly videos

How Bonusly Works

More videos:

  • Review - Bonusly Introduction
  • Review - Bonusly Admin Training

Category Popularity

0-100% (relative to Compt and Bonusly)
Employee Rewards And Recognition
HR
5 5%
95% 95
HR Tools
8 8%
92% 92
Expense Management And Reporting

Questions and Answers

As answered by people managing Compt and Bonusly.

What's the story behind your product?

Compt's answer

Compt was founded in 2018 with the vision of revolutionizing the employee benefits landscape by introducing a more personalized and flexible approach to benefits reimbursement.

Founder and CEO, Amy Spurling, also a 3-time former CFO and 2-time COO, recognized that traditional benefits programs often lacked customization and failed to address the diverse needs and preferences of employees. With this realization, she set out to create a platform that empowers employees to choose benefits that align with their individual lifestyles, ultimately leading to increased job satisfaction and engagement.

From its inception, Compt has aimed to provide a solution that not only benefits employees but also addresses the challenges faced by employers in managing and administering benefits. The platform is designed to be user-friendly and simplify the reimbursement process, integrating seamlessly with existing HR systems, and providing valuable insights into employee spending patterns.

As the company evolves, it continues to refine its offerings based on user feedback, industry trends, and the changing landscape of work. Today, Compt's platform consists of three pillars: stipends, rewards & recognition, and expense management.

Throughout its journey, Compt has focused on educating both employees and employers about the benefits of its personalized approach and the positive impact it has on company culture and employee well-being. Compt is a leader in the employee lifestyle benefits reimbursement space.

What makes your product unique?

Compt's answer

At Compt, we redefine employee benefits with our Lifestyle Benefits Reimbursement Platform, crafted to embrace personalization and flexibility. Our platform empowers employees to choose lifestyle benefits that truly resonate with their individual needs, driving unprecedented engagement and satisfaction.

What truly distinguishes Compt is our commitment to choice and simplicity. Without the hassle of managing vendors or cards, our platform grants employees the freedom to allocate funds across a broad spectrum of expenses. This flexibility not only enhances personal choice but also ensures that every employee can benefit in a way that makes sense for them. Our reimbursement model places the power directly in the hands of employees, allowing them to dictate how and when their benefits are used, all while navigating the complexities of IRS compliance with ease.

Integration with existing HR and payroll systems is seamless with Compt, significantly reducing administrative burdens. We also prioritize educational resources to help employees fully leverage their benefits, enhancing both understanding and utilization. Our platform offers valuable insights into spending trends, enabling employers to continuously adapt and improve their offerings.

With Compt, over 90% of users actively engage with their Lifestyle Spending Accounts, a testament to our platform's effectiveness and the tangible impact it has on employee morale and retention. Experience the Compt difference, where benefits are more than just perks—they're a personalized path to a happier, more fulfilled workforce.

Why should a person choose your product over its competitors?

Compt's answer

Compt stands out in the employee benefits landscape through our deeply personalized approach, empowering employees to customize their benefits to match their unique lifestyles. This personalization drives unparalleled satisfaction and engagement, as demonstrated by the diversity of choices our platform offers. In 2023, Compt users utilized their stipends at over 70,000 different vendors—a feat unmanageable in a traditional marketplace setup.

Our platform's user-friendly interface streamlines the reimbursement process, making tracking and managing spending effortless. For HR teams managing tight budgets, Compt merges stipends, rewards, recognition, and expense management into one integrated solution, providing all these services at a fraction of the cost of competing tools.

Seamless integration with existing HR systems boosts administrative efficiency, while our commitment to education ensures employees have the knowledge to maximize their benefits fully. Compt also provides valuable insights into spending trends, helping employers continuously tailor their benefits offerings to meet evolving needs.

For those who value customization, flexibility, ease of use, and insightful data, Compt represents the optimal choice in modern employee benefits platforms.

Who are some of the biggest customers of your product?

Compt's answer

-Masterclass -Carrot -VTS -Large Midwest Hospital Network (unnamed for privacy reasons) -Fictiv -Column -ButterflyMX -Large Commercial Consumption Manufacturer (unnamed for privacy reasons) -and more!

How would you describe your primary audience?

Compt's answer

Compt is crafted for HR professionals by those who know the industry best, ensuring our solutions align perfectly with the needs of those managing employee benefits. Our platform is also highly valued by finance teams for its efficiency and cost-effectiveness.

Our primary audience includes progressive companies committed to enhancing their employee benefits with innovative, adaptable solutions. These organizations prioritize customization and employee satisfaction to attract and retain top talent by providing benefits that align with individual preferences.

Compt is also an ideal choice for brokers and is recognized as a top trusted partner on the ADP Marketplace, highlighting our commitment to quality and trust in the professional space. Our platform caters exceptionally well to companies that value employee well-being, engagement, and a balanced work-life dynamic, and it is particularly suited for businesses with remote, hybrid, or globally distributed workforces.

Additionally, our solutions appeal to organizations looking for streamlined administrative processes and data-driven insights to optimize their benefits offerings. Overall, Compt's audience includes forward-thinking companies and industry professionals seeking to transcend traditional benefits models and implement truly responsive and tailored benefit solutions.

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Compt and Bonusly

Compt Reviews

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Bonusly Reviews

10 Best Nectar Alternatives To Boost Employee Recognition‍
Bonusly is an exceptional peer-to-peer recognition platform designed to reward, recognize, and celebrate outstanding employees. It empowers everyone within an organization to acknowledge and appreciate their colleagues' contributions. Whether it's peer-to-peer recognition or managers recognizing their direct reports, Bonusly creates a continuous stream of positive vibes that...
7+ Assembly Alternatives: Pricing & Reviews [2024 Guide]
About Bonusly: Bonusly is a platform that combines a wide range of rewards with social recognition to create a comprehensive rewards and recognition system. It allows employees to recognize each other's efforts through a social feed, and reward points are redeemable for several items, including gift cards and experiences. Bonusly is designed to foster a culture of...
Source: matterapp.com
15 Top Employee Recognition Platforms For Companies At Every Stage
Bonusly is a culture platform that employers use to build connections, recognize peers, and collect feedback. Integrating with other tools, it's straightforward for users to authenticate securely, and automate processes like celebrating birthdays based on employee data.
Source: nectarhr.com
13 Employee Recognition Software Used Widely Across The Globe
Bonusly is an easy-to-use and fun employee recognition software that offers a wide range of rewards catalogs and insightful analytics to drive more employee engagement. Created and designed for both users and admins, Bonusly encourages and simplifies the peer-to-peer recognition process that drives company values.Â
The Best Employee Recognition Software Platforms & Reward Programs Used By Notable Companies In 2022
Bonusly is an online platform for rewarding, recognizing, and generally celebrating awesome employees. It enables everyone to recognize anyone. Peers can recognize each other, managers can recognize direct reports, and so on and so forth. (The good vibes are basically endless.)
Source: snacknation.com

Social recommendations and mentions

Based on our record, Bonusly seems to be more popular. It has been mentiond 4 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Compt mentions (0)

We have not tracked any mentions of Compt yet. Tracking of Compt recommendations started around May 2022.

Bonusly mentions (4)

  • Giving recognition 👏 for employees in remote teams 🌎
    Any experience with rewarding systems for recognition? Have anyone used tools like bonusly ? Source: about 3 years ago
  • Rewards and recognition for employees🏆
    Any recommendation on rewarding tools? Do taco, bonusly (or other similar tools) actually work? Thoughts on rewarding with 💰to incentive recognition? Source: about 3 years ago
  • I initiated a punch system in my office.
    My company instituted Bonusly and honestly its been great to have a system similar to what you are talking about. A way to give people 5-10 credits of recognition publicly so that it can add up to a $10 gift card after 10-20 "gifts" so far has been a great way to encourage each other to be helpful. Source: about 3 years ago
  • 15 Best Slack Apps for the Future of Work
    Bonusly is an employee recognition and rewards platform that allows you to show appreciation to your team through redeemable points and digital gift cards across hundreds of brands. Recognize new hires, birthdays, team milestones, work anniversaries, and any other celebration in your company culture through one easy-to-manage system, and automate insights on your rewards and recognition trends across the team. - Source: dev.to / almost 4 years ago

What are some alternatives?

When comparing Compt and Bonusly, you can also consider the following products

Espresa - Espresa is a cloud platform and service provider network that improves work-life balance for employees.

Kudos - Kudos is the simple and easy to use employee recognition software that enhances employee engagement and team communication.

Emburse - Emburse is an expense management platform that gives businesses more insight into and control over corporate expenses.

Assembly - Assembly is an employee recognition software powered by AI that boosts engagement and productivity. Empower teams with peer-to-peer recognition, rewards, and performance tracking. Simplify HR processes and foster a positive workplace culture.

Joon - A fun habit building app for kids

Motivosity - Peer-to-peer recognition platform that engages employees