Forget the same old bonuses and cash rewards. In today’s workplace, companies are upping their game with experience gifts to truly wow their employees.
While these incentives have their place, they often fail in fostering satisfaction and motivation among employees. Instead, companies are turning to more innovative strategies that not only boost morale but also create lasting memories and deeper connections.
Welcome to the era of experience gifts, ladies and gents — a time where employees aren’t just appreciated but celebrated with adventures, relaxation, and personal growth.
Let’s dive into this trend and see why it’s transforming workplaces across the globe.
Cash Is Out, Experiences Are In
Forget the outdated cash bonuses. The latest Incentive Research Foundation (IRF) Trends Report uncovers a game-changing shift: over 50% of North Americans prefer non-cash perks like gift cards and exciting experience gifts.
Why? Because they’re not just getting rewards—they’re experiencing positive emotions and making memories.
The Power of Recognition
Did you know that a lack of recognition is one of the top reasons employees jump ship Yet, shockingly, 81% of executives admit their organizations don’t prioritize recognition programs.
And it doesn’t stop there. Aon Hewitt’s research found that companies with solid recognition programs have 31% lower turnover rates. It’s clear: feeling appreciated is a big deal.
Experience Gifts: A Game Changer
Experience gifting, which began gaining traction in the early 2000s, has since revolutionized corporate gifting culture. Forget the usual branded mugs and pens; think hot air balloon rides, extreme car driving experiences, or blissful weekend getaways.
These valuable and unique gifts do more than just add a touch of excitement—they boost work-life balance and create stronger bonds between employees and the company. Catering to the higher levels of Maslow’s hierarchy, these experiences provide emotional fulfillment that money simply can’t buy.
Personalized Gifts for Partners and Executives
When it comes to pampering partners and executives, personalized travel experiences are becoming a favored choice.
This approach allows them to trade boardrooms for beachside retreats or brainstorm sessions with breathtaking views. It’s not just a thoughtful gift that strengthens professional relationships and shows a genuine understanding of their preferences; it’s a chance for them to relax and rejuvenate on their own terms.
Ditch The Mugs and Pens, Save The Planet
Corporate gifts like branded mugs and pens often end up in the landfill. Shocking? Not really. In fact, about 40% of these gifts end up in landfill every year.
But fear not, Earth warriors! Sustainability in the corporate world is more than just a buzzword — it’s a necessity gaining traction every year.
Companies are increasingly hopping on the eco-friendly gift train that align with their values. A survey found that 70% of employees prefer sustainable gifts, and 85% are concerned about the environment. Choosing planet-friendly goodies isn’t just a trend; it’s a way to showcase your commitment to sustainability and charm the next generation of talent.
Tinggly: Proof Of Transformation
Swapping material items for unforgettable experiences isn’t just a trend — it’s a game-changer for employee engagement and relationship-building. Let’s peek behind the curtain to see how Tinggly is shaking up corporate gifting.
In 2023 alone, we teamed up with 82 companies, boasting a 64% growth. With over 10,000 employees and execs reached, the numbers keep climbing, solidifying Tinggly’s reputation as a trusted and effective corporate gifting solution and excellent partner.
Improve Employee Satisfaction with Tinggly
Tinggly offers three types of products for our corporate partners:
These experience gifts are ideal for recognizing and rewarding employees, pampering clients and partners, and adding excitement to corporate events.
Our Experience Gift Box offers a selection of over 10,000 unforgettable experiences worldwide, from thrilling adventures to relaxing spa treatments and cultural activities. The Getaway Gift Box provides access to over 10,000 accommodations across the globe. Each perfect for those who crave exploration and new memories. Finally, the Tinggly Gift Card offers versatility and flexibility in two key areas: the amount you choose to spend and the wide range of experiences available.
Our custom recognition programs are perfect for any occasion — whether it’s an employee reward, celebrating a special milestone, or any other celebration. Each gift comes in a custom-branded box, tailored to match your company’s look and feel. It’s like wrapping your brand in a bow of sophistication and style.
Transform Your Corporate Culture with Experience Gifting
Embracing this change isn’t just a trend — it’s a strategic move that helps businesses understand what truly motivates employees, which helps companies stand out as genuine and employee-focused.
By choosing personalized and memorable gifts, businesses can create a vibrant culture that celebrates their people and keeps them thriving in a fast-moving world. Simply put, it’s not just about giving gifts; it’s about shaping a prosperous future for corporate culture.
Transform your corporate culture with experience gifting and watch employee satisfaction soar. Contact us to start your company’s journey towards a more motivated and engaged workforce!