Efectio is one of the best employee engagement platforms. It will help with your company’s culture management. Read about them in this article now
Efectio is an all-in-one company culture platform that enables the company to train employees, know their physical activities, manage workplace stress levels, analyze employee data, and provide benefits based on a point system. It also has an onboarding system, which makes hiring easier and more convenient.
This review will give you an overview of the software and the company and see if this company culture platform fits your company’s needs.
What is Efectio?
Efectio is an all-in-one company culture management platform that integrates training, benefits, onboarding, and employee analytics in just one platform.
As a company, Efectio believes in the power of employee engagement and providing a friendly working environment to ensure the development and growth of both the company and its workforce. The platform focuses on developing a company culture that enables job satisfaction and upskilling among employees, ensuring company growth.
The platform offers the following solutions:
- Employee Experience
- Upskilling
- Data Analytics
- Benefits
- Employee Retention
Efectio review: What is the primary focus of this HR software
The platform's primary focus is to ensure a good company culture is built that enables learning, job satisfaction, engagement, and growth among employees.
Each program or solution provides the company with the tools and indicators that will help them develop a working environment that is not only focused on growing its profit but ensuring that employees' well-being and satisfaction are taken care of.
As mentioned earlier, Efectio offers various solutions that the company can use to attain its vision and goals regarding job satisfaction and skills development among its employees.
Efectio review: How does it work?
Powered by Artificial Intelligence, Efectio has several tools integrated into one platform. Each tool can be designed based on the company’s needs. Here are the tools or solutions that the platform is offering:
- Employee experience
- Upskilling
- Data analytics
- Benefits
- Employee retention
We will look at each of these in turn, just look for the numbers corresponding above to the subheadings below.
1. Employee Experience
The platform can be used to manage the company’s products, events, ideas, and projects. Since everything is already in one place, progress monitoring, communication, and feedback can be done easily and smoothly. This makes daily work easier.
Meanwhile, its Employee Experience Solution also focuses on Objectives and Key Results (OKRs), which measure the effectiveness of not only the company’s programs but the rate of employee engagement in programs and projects of the organization.
While Key Performance Indicators (KPIs) are essential, it is crucial to consider the individual goals and objectives of the employees as these, too, play a critical role in workers’ and company growth.
The OKR principle also allows the management to engage with employees often, encouraging them to set personal goals and achieve those goals. With individual goals and aspirations aligned with the company’s goals and objectives, this opens the opportunity for a deeper connection between the management and the employees and to develop possible solutions to problems and concerns.
On the other hand, this employee experience solution also encourages the following to develop a good company culture:
Internal Social Recognition
Internal social recognition promotes a culture of celebration within the organization. Recognizing individual achievements and contributions contribute to employees’ productivity.
Conversations & Feedback
Part of a great employee experience is an open dialogue between employees and management. This regular performance dialogue creates a progressive environment that allows employee growth and builds trust between management and workforce members.
Furthermore, the management can monitor employee-to-employee interactions and engagement in real-time.
Incentives
With the reward points system, the management can incentivize employees as they finish a task or achieve specific goals. Giving incentives and rewards to employees has been proven to improve the quality of their outputs and the company’s overall culture.
2. Upskilling
Your company can develop its employees' learning and skills development programs through the platform. It also provides canned learning materials through its education marketplace.
Their ready-made learning materials and programs include:
- Enneagram
- Personal Development and Self-Help
- Balance Challenge
- How to increase personal productivity
- Effective Communication Leadership
- Effective Communication
- Understanding Emotional Intelligence
- Anti-Stress or Stress Management Program
The above-mentioned canned learning materials or programs are just a few of more than 1,000 ready-made course materials available in their Education Marketplace. These programs are designed and delivered by experts. Depending on the learning goals, some programs can last up to one month.
Meanwhile, the program promises an easy microlearning program development, which can be designed specifically for what the company needs.
You can set up your microlearning programs through the platform and monitor the results through its Challenge Tool. Through the Challenge Tool, you can provide detailed information on the learning experience, the number of tasks, and the time the employee needs to finish it.
On the other hand, using the Insight Tool, you can review the overall result and performance of the employees after they finish the learning task. You can print infographics and data sheets through this tool for further analysis and recordkeeping.
3. Data Analytics
Data analytics can provide your company the comprehensive insight into employees’ growth and progress based on four pillars of employee engagement:
- Goals: This feature lets you easily track your employees’ goals and KPIs (Key Performance Indicators). With the data at hand, you can effectively assist your employees in achieving their career goals and keeping them on the right track.
- Well-Being: A healthy working environment allows employees to grow and ensures employee retention. Using the Pulse Survey Feature, you can facilitate real-time surveys to know their challenges and the things that need improvement to promote wellness and work-life balance within the company. Mood surveys are also integrated into the system. Mood surveys allow managers to see the current mood and condition of the employee.
- Growth: This aspect focuses on the learning and development of all employees. Using the Insight Tool, you can check on the learning progress of an employee and even integrate microlearning into their daily work. By doing so, new skills are acquired, and continued career growth is ensured.
- Communications: This technology can provide an effective communication map for managers, which can help them monitor interaction among employees. The software can also help you see if small groups are forming inside the workplace and who among your workers can be the best work buddies. This tool also lets you connect employees working remotely to on-site teams, so they work effectively and won’t feel left out.
4. Benefits
Rewarding employees with incentives and other perks can increase productivity and improve the company’s health.
With a wide array of product partners, it can provide your company with the best employee incentives and rewards. Here are just a few rewards that you can provide your employees through the platform:
- Gift cards and discount coupons
- Financial benefits
- Prepaid Cards
- Insurance
- Trips
- Wellness Products
The Prepaid MasterCard® is the most popular incentive customers choose for their employees. It’s simple and has many benefits, including worldwide payments and secure online shopping. Your company can easily remit the money through these prepaid cards for employees to use anytime, anywhere.
5. Employee Retention
With its powerful AI technology, it is easy for the company to monitor the OKRs and KPIs using the platform. The data gathered through the Insight Tool enables the company to see the challenges that the company is facing and create programs that promote healthy working habits, career development, acquiring new skills, and customized incentives and perks for employees.
One of the strengths of this feature or tool is that it allows the company to effectively remind the workforce about the organization’s mission, vision, and values. This helps the employees align their career goals with the company’s goals and values.
It has been proven that employees that believe and fully embrace the company's goals and core values work harder as they see themselves as significant contributors to the organization's growth.
Efectio: Other Features
While the above list may seem exhaustive, that is not the case. Here are a few other features of Efectio:
- One-on-ones: Allows for a more intimate meeting between managers and employees. This creates healthier communication between the management and the workforce.
- Employee VR Onboarding: Through the platform, you can tailor fit onboarding process for new employees. You can also test their abilities through the Employee VR Onboarding on the platform. Interestingly, VR training allows employees to interact with realistic surroundings, especially during health and safety training. For those working remotely, recruits can familiarize themselves with the new environment through interactive VR office tours. You can also conduct remote employee safety training through VR.
- Supporting the Gig Economy: This feature is for freelancers who want to offer their services to companies and individuals. The platform allows freelance workers to receive payments and issue invoices after the job. All they need is to register, and registration is free.
- Easy Access through Mobile Devices: Moreover, the technology also allows employees to hook into the platform through smart devices. They can download the app and register to use the platform. They can easily access all the platform's features through their mobile phones, tablets, or other smart devices.
Efectio: Company Overview
Headquarters: New York
Year Founded: 2017
Founder: Arturs Bernovskis
Size (Employees): 11 – 50
Industry: Human Resources Services
Key People: Arturs Bernovskis (Founder and CEO); Egils Boitmanis (Management and Marketing Head); Peteris Kelle (Technology Head); and Kitija Katrina Liepa (Communications Head)
Efectio Competitors
Efectio is not the only company that offers an easy employee reward system, employee engagement, and HR development software in the market. A relatively young company that started in 2017, here are some of the companies in the employee engagement platform race:
Efectio review: Pricing
For startups with up to 10 employees, Efectio offers its services for free. However, their free service limited features.
On the other hand, for Basic, Advanced, and Enterprise, you must contact the service provider for pricing and request a demo. Prices are in US Dollars and Euro.
Efectio review: Is it what your HR team needs?
As a platform, this technology offers an all-in-one solution for your employee rewards software needs. It has everything you need to ensure employee productivity and a conducive work environment. It has the tools to
- launch an effective career development program;
- maintain efficient internal communication;
- ensure employee engagement;
- an effective incentives and rewards program;
- and a built-in performance monitoring system that allows managers to examine the OKRs and KPIs of individuals and teams.
With Employee Data Analytics, the platform also enables management to see the areas of work that need improvement and provide solutions to possible problems and issues that might affect the overall working condition of the employees.
What is noteworthy about this platform and the company is its vision of creating a positive company culture that ensures the workforce's well-being since it is crucial to the company’s overall growth. This can be achieved by providing a fertile ground for effective microlearning, skills and learning development, and rewards program—all of these are offered by Efectio.
This can be a good HR tool for startups since it offers a free subscription but only with limited features. On the other hand, with big companies like Accenture, SEB, and Playtech in their roster of satisfied customers, this may be the platform for you.
Are you a company that uses Efectio? Do you think that this is an effective company culture tool? Please share your insights and reviews regarding this product in the comment section below.