Creating a Team Recognition Stipend (Company Administrators)

Team Recognition Stipends are used to provide employees with funding and recognition + funds to other employees as a thank you for a job well done! For example, if you provide employees (or Managers) $20 per quarter, they can give another employee recognition and part of their funded $20 amount. 

1. Access the Stipend Tab

2. Click Create a Team Recognition Stipend

Follow the below steps to Create a Team Recognition Stipend:

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

   

2. Assign a budget and frequency

   - Choose the appropriate budget accrual option if you are selecting a Quarterly, Semi-Annually, or Annually frequency.

   
   

   Budget Accrual Options

   Upfront: Employees get the total stipend amount at the beginning of the cycle.

   Upfront with Prorating: New employees get a proportional amount if they join after the cycle starts. When this stipend is launched, all existing, eligible employees will get the total amount.

   Monthly Accrual: Employees accrue their stipend balance as each month passes.

   
   

3. Select who can give + who can receive recognition.

   
   

4. Amount To Give Options:  Choose how much each team member can give for recognition. Options are limited to numbers with at most two decimal places.

   

   
   

5. Select the Perk Categories you would like to be eligible for the stipend. Team Recognition Stipends can only be used with taxable categories.

   

   
   
6. Click Save Draft

7. When your draft is finalized and ready to launch, click Schedule Launch and select the appropriate date before clicking the Confirm Launch button.

   
   

   

8. When an employee receives funds for their Team Recognition Stipend, they will receive an email notification. 

   

9. Employees can then use their funds to recognize other team member.
10. 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.

📣 New Feature: Add a GIF or Image to Your Recognition (Optional)

When giving recognition, employees can now enhance it by adding a GIF or image.

How it works:

• Employees can search and select a GIF directly from the built-in GIF library, or
• Upload their own image or file from their device.

Where GIFs and images appear:

• GIFs and images will display in the Compt activity feed
• They will also appear in recognition shared through our Slack integration
• Microsoft Teams support is coming soon

Good to know:

• Adding a GIF or image is completely optional — recognition can still be sent as text only.
• Admins may request that this feature be disabled if you prefer not to allow GIFs or image uploads.