How do we show someone that we truly appreciate them? Well, we can tell them, of course. That’s a good place to start. But just as a picture paints a thousand words, a gesture can be worth so much more than just a few appreciative sentences and a few experience gift ideas for employees makes a world of difference.
This is, of course, true with our friends, family and loved ones. It’s also very much applicable to our work colleagues as well. We can - and should - make time to go out of our way to thank our employees for a job well done.
We can all go one better than a simple ‘thank you’ too. That’s where corporate gifts and gift vouchers come in.
Gifts and prizes have been awarded to an organization’s employees almost since the dawn of employment. So, the notion isn’t exactly a new one.
For years, businesses have understood the benefits of recognizing and rewarding those people that work tirelessly for them. But what’s new is the kind of things that companies are now giving their employees.
There has been a recent shift away from regular cash bonuses and ‘standard’ corporate gifts. The trend now is to reward employees with experiences. The reasons behind the new direction are numerous and more than a little convincing.
A field study that compared experiential rewarding with cash bonuses showed that sales persons who were given non-cash rewards brought 2.66 times greater sales.
Experiential corporate gifts - and gift vouchers that offer the chance to choose such experiences - really do seem to be the future of corporate gift giving.
Take a look at the wide range of experience offerings that companies have at their disposal:
Let’s look at the reasons why shall we delve into what the future calls for.
In the past, HR professionals brainstorming ideas for corporate gifts would think in terms of physical gratifications. Material objects were the go-to choice. But increasingly, it seems that people are in favour of ‘experiencing’ something over merely ‘having’ something.
Recent research suggests that folks, especially Millennial and Gen-Zers value experiences over things. So, it stands to reason that employers should reflect this in their corporate gifts.
After all, the whole thing should be about rewarding your workforce and not just giving them stuff they neither want or need! Perhaps it’s time to do away with the notion of bouquet of flowers or carriage clock as an employee reward and start embracing the experience.
Gift experiences have been popular among people away from the workplace for a little while now. They usually involve a day out somewhere unusual, doing something exciting and interesting, Something memorable.
These reasons include:
So we’ve looked into what experience gifts are and why they’re increasing in popularity with organisations as reward options. Now it’s time to drill down into some of the specifics of the experiential gift and the gift vouchers that go along with them.
There are many different experiences that a company can treat an employee with.
Here are the most common:
The move towards more activity and experience-based corporate gifts and gift vouchers is, as we’ve seen, a totally understandable one. It doesn’t look to be a fad, either. It’s more of a movement away from the old style of tangible gift giving.
So, don’t shy away from the idea - embrace it. Your workforce will thank you for it.
Want to gift amazing experiences to your employees? Get started in no time, schedule a free demo with Xoxoday Plum.