Offering memorable experiences to your employees as a redemption option is a great way to incentivize and reward them. By activating the Experiences redemption option for your organization, employees can redeem their points for exciting activities, workshops, tours, and more. This guide will walk you through the value of the Experiences redemption option, how to implement it for your organization, and address frequently asked questions. Reference the Redeeming Points for Experiences support article to see the end-user redemption experience.
Experiences Value
The Experiences redemption option offers your employees a variety of ways to redeem their points for more than just merchandise. By providing experiences such as travel tours, adventure activities, and cultural workshops, you give them the opportunity to create lasting memories that are both personal and meaningful. Some key benefits include:
- Increased employee engagement: Offering experiences appeals to employees seeking unique rewards that stand out from traditional gift cards or products.
- Customization: Employees can choose activities based on their interests, making their rewards more personalized.
- Global reach: Experiences can be tailored to different regions and countries, ensuring inclusivity for all employees, regardless of location.
Adding this option to your organization's Awardco platform helps ensure a diverse and engaging redemption experience for everyone.
How to Implement Experiences
Implementing the Experiences is a straightforward process that involves coordination with your Awardco point of contact. Here's a step-by-step guide to get it set up for your organization:
- To get started, reach out to your designated Awardco point of contact. They will assist you in activating the Experiences redemption option for your organization. You will also need to discuss the invoicing process for tracking redemptions. Note that no additional charges will be incurred—this is simply to ensure proper tracking and accountability.
- After discussing invoicing, follow these steps to activate Experiences in your Awardco portal:
- Sign in to your organization's Awardco website and click the Admin button at the bottom left-hand corner of the homepage.
- Click Marketplace
- Select Award Networks.
- Navigate to the Award Options tab.
- In the available redemption options, locate Experiences and enable it by toggling the switch.
- After enabling the option, verify that employees can access Experiences by navigating to the Spend Points section and confirming the category is visible.
Frequently Asked Questions
How do I ensure that experiences align with our company’s redemption policies?
Your Awardco representative will help you set up the correct parameters so that experiences visible to employees are aligned with your company’s budget, geographical locations, and point allocation settings. You can also set limits through the 'Items I Can Afford' filter to control spending.\
Will adding experiences incur additional costs?
No, there are no additional costs for enabling the Experiences redemption option. However, it’s important to set up proper invoicing with Awardco to track the redemptions and ensure smooth financial reporting.
Are there any restrictions on which experiences employees can access?
While there are a wide variety of experiences available globally, some may not be available in certain regions or may not align with your organization’s redemption policies. It’s important to review available experiences to ensure they meet your company’s preferences and guidelines.
If you have any questions, please contact Awardco Admin Support.