Employee of the month and "spot award"-type bonuses leave it to managers to decide who’s doing a good job. If they like a particular employee, lucky them; if not, tough luck. But with Bonus.ly, a peer-to-peer bonus scheme, employees get to decide who the top performers are.
It works like this: A team-leader goes to the site, signs up, and sets an overall budget. Bonus.ly recommends about $100 per employee, per month. The staff then reward each other in, say, $10 or $20 amounts. At the end of the month, the company settles the balances.
