MAY - JUNE 2018HR TECH OUTLOOK 19Fond's recognition product is suitable for companies who have funded rewards programs but it also delivers a powerful experience for those who do not. Customers with unfunded programs are able to access the same recognition functionality but in this instance the points wallet and rewards selection capabilities are not activated. Fond's cloud-based platform is highly customizable such that it allows clients to create custom events, rewards, corporate discounts and points exchange rate. Fond integrates with prominent communications products such as Slack, Gmail, MSOutlook, and Salesforce and even provides a browser extension that will automatically alert the employee that they are eligible for a special discount when they're shopping on a participating merchant's website. Fond also provides streamlined integration with popular HRIS systems like ADP, Workday and Namely which makes set-up and ongoing program administration a breeze. The platform's analytics dashboard seamlessly tracks program ROI via a robust analytics offering and tracks employee engagement levels over time. With all these robust capabilities, Fond provides an easy-to-use, customizable and effective product to a wide range of companies. Such was the case with Sephora, a global retailer of beauty brands. Sephora deployed Fond Perks to help employees feel more appreciated at work. The outcome: 74 percent of employees felt more appreciated at work; with 45 percent of the employees reporting that they were more likely to remain in their jobs. In yet another winning instance, Washington-based dental insurance provider, Delta Dental, was able to achieve a 93 percent increase in employee recognition using the Fond Rewards product. The insurance provider's managers and employees became more aligned with the company's values, demonstrating a sense of ownership and better team behavior.Taro Fukuyama, Fond's CEO and Sunny Tsang, Chief Designer, co-founded the company in 2012. Originally known as AnyPerk, the company was rebranded as Fond in 2017 to better match its broader footprint in the employee engagement space. Fond is backed by prominent VC firms including DCM and Y Combinator. Looking forward, the company plans to incorporate new features designed to make the product experience richer and more social for employees and enhancements that make life easier for program administrators.
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