Advantages Of Experiences As An Employee Gift

While gift vouchers are very much popular when it comes to employee appreciation gifts, the corporate is now looking beyond the usual vouchers to add the extra touch to their rewards. Gifting experiences is a trend that is now picking up amongst employers due to the manifold of advantages it offers.

Experience gifting is not just about appreciating the employee, but it is also about creating a memorable time for them that they will cherish and associate the memory with their experience in the company. Apart from this, experiences serve as a great motivational incentive and add to personality development programs of employees.

Let us discuss in depth how to experience gifting is impacting the trends in rewards and recognition and some of the key reasons it is turning out to be more popular than ever.

❖     Personalizing Experiences

Experiences as rewards serve the purpose of motivating, reinforcing the desired behavior and strengthening the employer-employee bonds. During the life cycle of an employee, one can be rewarded with a variety of experiences that go well with the milestones in his personal life such as marriage, parenthood, anniversaries and birthdays.

In the case of a team that lacks good bonds and communication, gifting some sort of team gifts that help to create a bonding experience that provides the desired outcome can be highly beneficial.

❖     Tapping Inner Potential of Individuals

Employees may be great at their work but it is also crucial that they explore and nurture their inner capabilities. Experiential outings and activities bring out the hidden potential in an individual. Even latent skills like leadership, problem-solving, and perseverance can also be exposed and honed through activities.

❖     Experiences Motivate Millennials

Millennials love to indulge in experiences and even show them off on social media. They stumble on their emotional connection through experiences that help them unleash their spirits. A young workforce finds its motivation in adventures and explorations which constitutes its work-life balance. Associating the company with personal accomplishments at activities and hobbies goes a long way in strengthening employer-employee relations.

❖     Strengthens Work-Life Balance

After a stressful work-stretch, employees must find relief in nature trips or activities that help them unwind. In addition to presenting an office essentials gift, encouraging experiential activities help promote work-life balance among employees. It also helps in fostering relationships and strengthening bonds that make experiences so full of life.

❖     Serves as A Great Motivator

Studies and data support the fact that experiences serve as a highly motivating factor even though the engagement time is short. At the same time as material gifts such as company gift boxes only provide immediate gratification, experiences turn out to be memories and have a more lasting effect thereby making them highly motivating.

Rewards work better with personalization and timely delivery. Inculcating the right rewarding strategies with experiences is a formula for a beneficial rewards program.

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