Experientials on the Rise: Are You Tapping into the Trend?
Experientials are on the rise in rewards programs for 2017. Is your organization paying attention to the trend?
Experientials are on the rise in rewards programs for 2017. Is your organization paying attention to the trend?
At a time when organizations are struggling to keep their Millennial workers engaged, studies show that this generation prefers spending their money on experiences over things — and in rewards and recognition programs, experientials may be a key component for success with younger workers.
Experientials provide exactly what they sound like — experiences. Whether a vacation getaway to the Bahamas, or a cooking tour in an Italian village, or perhaps a trip to a local sporting or music event, experientials provide something for the recipient to do, not just have. Here four key benefits that make them such a powerful part of a rewards program.