Whether you’re a startup that just closed a round of funding, or a company that needs to meet ambitious growth rate targets, you’re probably stressed from thinking about all the open roles you need to fill this year - and fast. The solution? Employee referral programs. When utilized correctly, employee referrals are faster hires, are less costly, they onboard more quickly, have higher ROI, and are happier in their jobs.
Elevating Employee Referral Volume through Experiential Rewards
Read how “This Best Place to Work” boosted referral volume by 41%.LEARN MORE
Turn Employees Into Ambassadors
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Benefits of Employee Referral Programs
Learn the reasons why an effective employee referral program can help companies with ambitious growth targets.READ NOW
"I have to tell you that you have found the magic in making a company reward so much more meaningful than just getting a gift card or cash. I'll never forget the time we had at the Savage River Lodge and I'm so motivated to do more referrals for Tradeshift you wouldn't believe it."
"The Blueboard experience was so much more memorable and exciting than a typical referral bonus! It was definitely an experience and a reward that I'll never forget!"
"The Blueboard award was a lot more meaningful to me than a cash bonus. It’s often said that experiences are a lot more memorable than things (aka, money) and Blueboard makes it easy."
When searching for incentive ideas, why not offer your employees the gift of an experience? People are ultimately fueled by belonging - connecting, sharing interests, and gathering with like-minded people and creating experiences is a great vehicle for helping others make connections. The results ring true as well: 79% of American & British adults value experiences more than material items (JWT Intelligence Study).
That’s where we come in. We’ve been helping our clients incentivize their employees that provide referrals with experiences that are memorable, personal, and shareable. In another Google example, they've found that giving their employees trips to Hawaii instead of a chance to win $1 million dollars contributed much more positively than cash incentives. The best referral programs offer incentives like this, which can cost as much as a typical cash reward yet mean much more to your employees. One of our customers - Guidewire - saw a 360% increase in referrals and a 40% increase in conversion to hire after shifting their referral program from focusing on cash rewards to experiences.
We help companies reward employees with everything from spa massages or facials, sailing lessons, concert tickets, weekend getaways, and more. There are other companies that handle employee incentives, however if you're a rewards and recognition administrator that wants to empower your people to live fulfilling, meaningful lives - providing experiences is the way to go.
In order to stimulate top of funnel activity, Helix partnered with Blueboard to run an exciting referral program offering bucket list travel experiences. In this case, Justin was awarded a Blueboard Emerald award and out of the many experiences, he decided to explore beautiful Alaska, traveling to Anchorage and Denali National Park. He loved his trip so much that he produced this gorgeous video that he shared back with Helix to broadcast internally (boosting buzz and program adoption)!
Why Employees Prefer
2 in 3 employees prefer experiences to monetary rewards
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Employee Referral Program
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Build a Positive Employer Brand
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Rewarding employee tenure on their anniversary dates, typically beginning at the 1-year mark and growing in reward value as they hit ongoing milestones. Forget the branded watches or golden plaques, experiences are proven to grow employee retention (97% of rewarded employees agree*).
*Source: Blueboard Internal Post-Experience Feedback Surveys, updated June 2016
Sales Contests & SPIFFs
Reward top sales reps or teams who exceed their quota expectations. 92% of employees reported increased motivation to perform after going on their Blueboard experiences, how’s that for keeping your sales team energized?*
*Source: Blueboard Internal Post-Experience Feedback Surveys, Updated June 2016
Reward employees who exceed individual or team goals, KPIs, or other role-related milestone achievements. Blueboard experiences are inherently shareable, building excitement and appreciation as more employees across the company get rewarded.
Enable peers to recognize each other after watching their colleagues go above and beyond or for demonstrating core company values. Many Blueboard reward experiences include a +1, providing more opportunities for employees to share the love.
Employee Referral Incentives
Employee referrals make for the best hires, they’re faster, less expensive, and are quicker to ramp up into their roles**. Incentivize your FTEs with meaningful rewards to boost your referral numbers and quality of hires.
**Source: JobVite.com, 2015
Similar to those from your employees, nothing beats a warm customer referral to help you grow your business. Experiential rewards let you appreciate your trusted customers in a genuine, personalized way.
Blueboard is the experiential employee rewards software platform for the modern workplace. We allow companies to reward their employees through a range of activities and experiences in a way that it is shareable, personal, and memorable. We reward employees nationwide and in 22+ international countries, with over hundreds of hand-curated experiential rewards. Our concierge team takes care of all the details, while our platform helps make benefits management easy, and data-centric. Talk to one of our Account Executives today and see how Blueboard can help you recognize your employees in a more meaningful way.