Creating a Team Recognition Stipend (Company Administrators)

Purpose: Provide employees with funds to recognize and thank colleagues for a job well done. Example: $20 per quarter per employee to give recognition to others.

Steps to Create

1. Access the Manage Stipends Tab in Compt.

2. Click Create a Team Recognition Stipend.

   Name your stipend and add a description, then click the green arrow.

   

   Assign a budget and frequency

   • Choose budget accrual if using Quarterly, Semi-Annually, or Annually frequency:
     • Upfront: Total amount given at the start of the cycle.
     • Upfront with Prorating: New hires get a proportional amount; existing employees get full amount.
     • Monthly Accrual: Funds accrue monthly.
3. Select who can give and receive recognition.

4. Set Amount To Give: Maximum per recognition (up to two decimal places).

   

5. Select eligible Perk Categories (taxable categories only).

   

6. Click Save Draft.

7. When ready, Schedule Launch and confirm the date.

   

8. If you want to set up Slack integration so your employees can share their recognition messages in a channel, please visit the following link: Integrating Slack.

Employee Use

• Employees receive an email notification when their stipend funds are available.

  

  They can use funds to recognize colleagues.

  Optional: Add GIFs or images to recognition messages:

  • Search the built-in GIF library or upload your own.
  • Displayed in Compt activity feed, Slack, or Microsoft Teams.
  • Text-only recognition is still valid.