Experiences are memorable
Employees associate fond memories of their Blueboard gifts directly with their achievement at your company. Think back to the last time you did something special with a friend or loved one. We’ll bet that event meant more to you and stayed with you longer than when that last cash bonus hit your bank account.
Experiences are personal
Employees pick what’s most exciting to them, making your rewards genuine and relevant. With thousands of hand-curated experiential gifts for employees to choose from, your rewards become both authentic and relevant. Everyone has unique hobbies, passions and aspirations, so rewards cannot be generic.
Experiences are shareable
As employees share memories of their experiential gifts, they build positive company morale and support your external employer brand. Can you remember the last time someone humble-bragged about their Amazon gift card? We can’t either.
“Blueboard rewards are really motivating, making you think about what more you can do within your job to earn another reward in the future”
Deborah, Maximum Games
The U.S. recognition and incentives market is valued at over $50B annually. For many years, businesses have translated these dollars into monetary rewards and physical gifts, like cash bonuses, gift cards, electronics and plaques.
The good news? Companies are making a conscious effort to recognize top employees. But the bad news? According to research by Bersin by Deloitte, 87 percent of that investment has zero impact on organizational performance – including your priority KPIs like employee engagement, performance, and retention.
Does that mean your employees are ungrateful? Hardly. There's a disconnect between what the current recognition market offers and what employees really value. So if you find your recognition program to be lacking, you're not alone. Many other companies are struggling to recognize their employees effectively. However, if you do get it right, the payoff can be huge. Bersin and Associates found that rewarding employees effectively reduces annual voluntary turnover by over 30%. As the war for top talent ensues, investing in and caring about people is critical to your company’s success. Offering experiential rewards through Blueboard can be your key to:
As an HR leader, there's a lot of pressure to deliver everything under the sun to make your employees happy. At Blueboard, we not only deliver an employee recognition platform that allows managers and program admins to deliver employee rewards with one click, but also offer hundreds of experiential gifts for employees to choose from in a way that it is memorable and personal.
Once your rewarded employee picks their favorite, they are paired with a dedicated Concierge staff to further personalize their experience based on the employee’s preferences, location and availability. That means that offering an experience with us takes less effort than providing your employee with a gift card for that same amount.
Now imagine when that employee talks about those surfing lessons, the spa treat, or the hundreds of other choices that your company provided them with when they talk about their weekend with other employees. It's no secret that in our latest survey 94% of rewarded employees feel Blueboard positively impacts culture. To see the experience menu that we offer in your market, request a demo today. Cheers to challenging comfort zones, indulging in passions, and experiencing new things. 🤙