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Experience-Based Rewards

Experience-Based Rewards

Why They're Better Than Cash

If you're looking to keep your team motivated and loyal to the cause, you might be thinking that cash bonuses are the way to go.

And sure, they can be handy for helping employees cover their bills, expenses or even for a little treat, but the excitement that we get from a cash bonus tends to wear off pretty quickly. If you really want to make an impact, why don't you consider a different approach, such as experience-based rewards?

For more information, please give our corporate team a call today on +44 (0) 203 805 5540 or email us at corporate@goldenmoments.com to discuss how you can introduce a successful rewards and recognition program with Golden Moments!

Imagine treating your employees to a group pizza making class, a day at the races or getting them official Premier League tickets. These experiences create memories that last way longer than a cash bonus, and they can boost morale in a big way. Experience-based rewards are getting more and more popular because they touch on what really matters to people - unique moments and new experiences.

Why are these experiential rewards so effective and how can you, as a manager, start using them to keep your team happy and engaged?

Experience-based rewards are all about creating memories instead of just handing out cash or other monetary incentives. Gift experiences can bring lasting joy and are often enjoyed with friends or family, making them even more memorable. The simple act of looking forward to an upcoming trip or event can lift your spirits and boost your well-being, adding an extra layer of reward to the experience itself.

One of the most appealing aspects of experience-based rewards is the sheer variety of memorable gift experiences that can be tailored to your employee's tastes. Your company can get creative by offering unique experiences like tank driving, secret food tours, sky diving and much more. These types of rewards not only create unforgettable memories but also cater to a range of interests and hobbies, allowing your employees to choose what excites them most.

When your staff receive a reward that's both enjoyable and personal, they feel more valued and connected to your company, reinforcing a positive workplace culture. These fun experiences can transform the traditional notion of rewards, leading to a more engaged and enthusiastic workforce.

The neurological basis for experience-based rewards
If we look at the science for a moment, our brains process experiences in a unique way compared to cash bonuses, largely due to dopamine (aka the 'feel-good' neurotransmitter). When you're looking forward to something exciting, like a concert or a holiday, your brain starts to release more dopamine. The levels peak during the activity and remain high for a while after, which gives you a lasting sense of happiness. Additionally, experiences will engage multiple senses, making them more vivid and easier to remember.

How experiences build lasting memories and connections
The truth is, experience-based rewards create stronger memories than material ones. The emotional impact of a unique experience helps build a deeper connection between your team. Plus, shared experiences like team-building activities or group outings, can strengthen social connections among employees. So when colleagues bond over a memorable experience they enjoyed together, it boosts their sense of community and can lead to increased employee loyalty.

Keeping employees happy
Introducing experience-based rewards as part of your reward and recognition program can help keep employees around longer.

When you reward your staff with meaningful experiences to show that you appreciate them, they then feel valued, which then boosts their job satisfaction. This, in turn, leads to lower turnover rates.

The benefits spread across the workplace too, because when employees talk about the fun they had during a super-car driving day or a day at the races, it can lift everyone’s spirits. A workplace that encourages these types of rewards often has a more vibrant, positive culture with employees who are more engaged and motivated.

What kind of experience-based rewards would make your workplace more fun and boost employee morale?

Implementing your reward and recognition program
To implement your employee reward scheme successfully, you should follow a few key steps.

Start by identifying reward opportunities that fit with your company's culture and values. Look for a nice mix of experiences, from adventurous days out and wellness retreats to cultural events and team-building activities. Having a variety of options allows you to cater to the different interests of your employees. Of course, with a monetary gift experience voucher, you will give each recipient the option to choose something that they really love!

To ensure your reward program is successful, you'll want to promote it internally. Share stories from recently rewarded employees and highlight how it made a positive impact on them. This will help build excitement and encourage others to work toward similar recognition too.

Create a clear framework that outlines how employees can earn these rewards. Whether it's based on performance, long service or another criteria, it's important to make sure the process is transparent and straightforward. You want your staff to know exactly what's on offer and what they need to do to qualify.

Finally, measure success and adapt your program as needed. This means keeping track of employee satisfaction, engagement and retention rates to gauge how well your program is working. This data will help you fine-tune what you're offering so that you can better meet employee needs and company goals.

By focusing on experience-based rewards, or monetary gift vouchers, you can create a more engaged and loyal workforce. Boost morale, grow connections between your team and build lasting memories, all leading to a more positive and productive work environment!

If you're considering a new approach to employee recognition, experience-based rewards could be a game-changer for your business.

What types of gift experience vouchers would you choose to boost employee morale and create lasting memories?

For more information, please give our corporate team a call today on +44 (0) 203 805 5540 or email us at corporate@goldenmoments.com to discuss how you can introduce a successful rewards and recognition program with Golden Moments!

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Racecourse, Newbury Racecourse, Kelso Racecourse, Kempton Park Racecourse, Leicester Racecourse, Lingfield Park Racecourse, Ludlow Racecourse, Huntingdon Racecourse, Haydock Park Racecourse, Hexham Racecourse, Goodwood Racecourse, Great Yarmouth Racecourse, Hamilton Park Racecourse, Exeter Racecourse, Fontwell Park Racecourse, Ffos Las Racecourse, Fakenham Racecourse, Epsom Downs Racecourse, Doncaster Racecourse, Chester Racecourse, Chepstow Racecourse, Cheltenham Racecourse, Catterick Racecourse, Chelmsford City Racecourse, Brighton Racecourse, Cartmel Racecourse, Carlisle Racecourse, Beverley Racecourse, Ayr Racecourse, Bangor-on-Dee Racecourse, Bath Racecourse, Hereford Racecourse, Aintree Racecourse, Ascot Racecourse, Thorpe Park, ArcelorMittal Orbit, Belfast, East Sussex, Northampton, Northamptonshire, UK Wide, Birmingham , Buckingham Palace, Liverpool, Merseyside, Leyburn - North Yorkshire, Brighton, Manchester, London, London £55.00
Experience Days for Him Experience Days for Him Let him choose from a selection of gift experiences for men x260 - London, Richmond, London, Riseley, Bedfordshire, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, Riseley, Bedfordshire, Northampton - Northamptonshire, London, East Sussex, Tatton Park, Manchester, Windsor Bray, Cardiff, Manchester, Gloucester, Midlands, Shoreham, Chingford, Sheffield, Birmingham, London, Southampton, Manchester, East Sussex, Wiltshire, West Midlands, West Lothian, Warwickshire , Tyne and Wear, Surrey, Stirlingshire, Renfrewshire, Renfrewshire, Powys, Perthshire, Oxfordshire, North Yorkshire, Newport, Merseyside, Kent, Greater Manchester, Gloucestershire, Essex, East Riding of Yorkshire, East Lothian, Durham, Derbyshire, Cornwall, Berkshire, Ayrshire, Several UK Locations, Manchester, Middlesbrough, Northampton, Northamptonshire, UK, Pendine, Carmarthenshire, Pendine, Carmarthenshire, UK Wide, Soho, London, Sheffield, Buckingham Palace, Rydal, Cumbria, Mayfair or Piccadilly, London, Stafford Driving Centre, 3 miles from Junction 14 on the M6., East Sussex, Riseley, Bedfordshire, Bus Tours in London, London, London, Londra, Shakespeare's Globe, Londra, Skelmersdale, Lancashire, Cheshire, Anglesey Race Circuit : Anglesey, North Wales., UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, Felton - Northumberland, Betws y Coed, Cowny, Betws y Coed, Cowny, Betws y Coed, Cowny, Whitesands, Pembrokeshire, Sheffield, Shakespeare's Globe Theatre, Chingford, London City North, Greater London, London, Hazlewood Castle, Hazlewood Castle, Ripley Castle, Hazlewood Castle, Ripley Castle, Hazlewood Castle, Perthshire, Edinburgh, ArcelorMittal Orbit, Londen, London, Nottingham - Nottinghamshire, Pembrokeshire in Wales, Essex, Gloucestershire, Greater Manchester, Kent, Merseyside, Newport, North Yorkshire, Oxfordshire, Perthshire, Powys, Renfrewshire, Renfrewshire, Stirlingshire, Surrey, Tyne and Wear, Warwickshire , West Lothian, West Midlands, Wiltshire, East Riding of Yorkshire, East Lothian, Durham, Derbyshire, Cornwall, Berkshire, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford, Staffordshire in the North East, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Edinburgh , Camden Town, London, London, Perthshire, Scotland, Pembrokeshire in Wales, Essex, Hampshire, Staffordshire, Suffolk, Salford Quays, Grafham Water, Lightwater Valley, Birmingham (Tamworth), Belfast, Brighton, Bristol, Glasgow, O2 Arena, Windsor/Bray, St Martin-in-the-fields Church, Manchester, Riseley, Bedfordshire, Riseley, Bedfordshire, Several UK Locations, London, Rolvenden Station, Kent, Riseley, Bedfordshire, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., London, E1, London, Salisbury - Wiltshire, Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Several locations, London, Ripley Castle, Hazlewood Castle, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Perthshire, Scotland, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, St Martin-in-the-fields Church, London Bridge, London, UK Wide Locations, Aberdeen, Birmingham, Bournemouth, Belfast, Brighton, Bristol, Cardiff, Canterbury, Coventry, Edinburgh, Glasgow, Exeter, Isle of Wight, Leicester, Liverpool, Leeds, Portsmouth, Manchester, Nottingham, Oxford, Newcastle, Reading, Southampton, Newquay, Watford, Durham, Madame Tussauds London, Shrek's Adventure London, Sealife London, London Dungeons, London Eye, East London, 101 UK Wide £99.00
Experience Days for Her Experience Days for Her Hand-picked experiences just for her x483 - London, Wiltshire, West Midlands, West Lothian, Warwickshire , Tyne and Wear, Surrey, Stirlingshire, Renfrewshire, Renfrewshire, Powys, Perthshire, Oxfordshire, North Yorkshire, Newport, Merseyside, Kent, Greater Manchester, Gloucestershire, Essex, East Riding of Yorkshire, East Lothian, Durham, Derbyshire, Cornwall, Berkshire, Ayrshire, Several UK Locations, London, London, London, Manchester, Stratford-upon-Avon, Birmingham, Brighton , Harrogate , Tunbridge Wells, Exeter , Norwich , Newcastle upon Tyne, Edinburgh , Bath, Dorking , Horsham , Godalming , Kirkwall, Cranleigh , Southampton , Reading , Goodwick , Newport , Linlithgow , Gorseinon, Douglas, London, London, South East London, Tatton Park, Manchester, Windsor Bray, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, Bedfordshire, Sussex, London, Shoreditch, London, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Felton - Northumberland, Several UK Locations, Soho, London, Edinburgh , Riseley, Bedfordshire, Riseley, Bedfordshire, London Bridge, Camden Town, London, Rydal, Cumbria, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Gwynedd, Wales, Soho, London, Essex, North Greenwich, London, North Greenwich, London, Alexandra Place, London, Hainault Park, London, Battersea Park, London, Clumber Park, Nottingham, Birmingham, Weston Park, Telworth, Teeside, Tatton Park, Newhailes Estate, Edinburgh, Bray Lake, Windsor, Mote Park, Maidstone, Holmbush Paintball, Horsham, Grafham Water, Cambridgeshire, Ripley Castle, Ripley, UK wide, West Sussex, Legoland Windsor, Londra, Glasgow City Centre, Scotland, Glasgow City Centre, Scotland, London, UK Wide, UK Wide, London, Londra, London, Chessington World of Adventures Resort, London, Londra, Londra, UK Wide, London, Leistershire, Warwickshire, Yorkshire, Leeds, Surrey, Kent, ArcelorMittal Orbit, Thorpe Park, Belfast, East Sussex, Northampton, Northamptonshire, Pendine, Carmarthenshire, Pendine, Carmarthenshire, UK Wide, Birmingham , Sheffield, Buckingham Palace, Liverpool, Merseyside, Leyburn - North Yorkshire, Bishopston, Bristol, East Sussex, Brighton, Manchester, London, London, London, Londra, Shakespeare's Globe, Londra, Londen, Verenigd Koninkrijk, Londra, Londra, Stockport, Manchester, Cheshire, London, Manchester, Birmingham, Harrogate , Stratford-upon-Avon, Brighton , Exeter , Tunbridge Wells, Norwich , Edinburgh , Newcastle upon Tyne, Bath, Horsham , Godalming , Dorking , Kirkwall, Cranleigh , Reading , Southampton , Newport , Goodwick , Gorseinon, Linlithgow , Douglas, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, West Yorkshire - Leeds, Betws y Coed, Cowny, Betws y Coed, Cowny, Betws y Coed, Cowny, Whitesands, Pembrokeshire, Sheffield, London City North, Greater London, Manchester, London, Birmingham, Stratford-upon-Avon, Brighton , Harrogate , Tunbridge Wells, Norwich , Exeter , Newcastle upon Tyne, Edinburgh , Godalming , Bath, Horsham , Cranleigh , Dorking , Reading , Kirkwall, Southampton , Newport , Linlithgow , Goodwick , Douglas, Gorseinon, Chingford, London City North, Greater London, London, Hazlewood Castle, Hazlewood Castle, Ripley Castle, Hazlewood Castle, Ripley Castle, Aberdeen, Birmingham, Bournemouth, Belfast, Brighton, Bristol, Cardiff, Canterbury, Coventry, Edinburgh, Exeter, Glasgow, Isle of Wight, Leicester, Liverpool, Leeds, Manchester, Nottingham, Newcastle, Oxford, Portsmouth, Reading, Southampton, Watford, Newquay, Harrogate, UK Wide Locations, Hazlewood Castle, UK Wide Locations, Aberdeen, Birmingham, Bournemouth, Belfast, Brighton, Bristol, Cardiff, Canterbury, Coventry, Edinburgh, Glasgow, Exeter, Isle of Wight, Leicester, Liverpool, Leeds, Portsmouth, Manchester, Nottingham, Oxford, Newcastle, Reading, Southampton, Newquay, Watford, Durham, Perthshire, Edinburgh, ArcelorMittal Orbit, London, Nottingham - Nottinghamshire, Pembrokeshire in Wales, Betws y Coed, Cowny, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford, Staffordshire in the North East, Stafford Driving Centre, 3 miles from Junction 14 on the M6., London, London, Alresford, Hampshire, Perthshire, Scotland, Leyburn - North Yorkshire, Salford Quays, Grafham Water, Lightwater Valley, Birmingham (Tamworth), Belfast, Brighton, Bristol, Glasgow, O2 Arena, Windsor/Bray, St Martin-in-the-fields Church, Manchester, Southampton, East Sussex, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, UK, London , Riseley, Bedfordshire, Riseley, Bedfordshire, Riseley, Bedfordshire, London, Newcastle upon Tyne, Norwich , Exeter , Tunbridge Wells, Brighton , Harrogate , Stratford-upon-Avon, Birmingham, Manchester, London, London, Rolvenden Station, Kent, London, London, Riseley, Bedfordshire, London, London, E1, London, Londra, Several locations, London, West Sussex, Godalming , Bath, Horsham , Dorking , Kirkwall, Cranleigh , Reading , Southampton , Newport , Goodwick , Linlithgow , Gorseinon, Douglas, London, Manchester, Birmingham, Stratford-upon-Avon, Harrogate , Brighton , Tunbridge Wells, Exeter , Norwich , Newcastle upon Tyne, Edinburgh , Ripley Castle, Hazlewood Castle, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Liverpool , London (West), London (East), London (Central), London (South), Manchester , Newbury, Milton Keynes, Newcastle , Northampton, Northampton, Norwich, Nottingham, Oxford , Peterborough, Plymouth , Plymouth , Portsmouth, Sheffield , Slough, Southampton , Southampton , Stoke-On-Trent, Swindon, West Sussex, Weston super mare, Woking, Worcester, York, Liverpool , Lincolnshire, Leicester , Leeds, Ipswich, Glasgow, Edinburgh, Belfast, Derby, Cumbria, Colchester, Chester, Cheltenham, Chelmsford, Cardiff , Cardiff , Cambridge , Cambridge , Bristol, Brighton , Brighton , Bournemouth , Bournemouth , Blackpool, Birmingham, Berkshire/slough, Bath, East London, Bus Tours in London, Sussex, Silverstone Circuit, Anglesey Race Circuit : Anglesey, North Wales., Lancashire, Rydal, Cumbria, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Londen, Essex, Gloucestershire, Greater Manchester, Kent, Merseyside, Newport, North Yorkshire, Oxfordshire, Perthshire, Powys, Renfrewshire, Renfrewshire, Stirlingshire, Surrey, Tyne and Wear, Warwickshire , West Lothian, West Midlands, Wiltshire, East Riding of Yorkshire, East Lothian, Durham, Derbyshire, Cornwall, Berkshire, London, Belfast Food Tour, Upminster, Essex £99.00
Flight Experience - Choice Voucher Flight Experience - Choice Voucher The sky's the limit! x98 - Wiltshire, West Midlands, West Lothian, Warwickshire , Tyne and Wear, Surrey, Stirlingshire, Renfrewshire, Renfrewshire, Powys, Perthshire, Oxfordshire, North Yorkshire, Newport, Merseyside, Kent, Greater Manchester, Gloucestershire, Essex, East Riding of Yorkshire, East Lothian, Durham, Derbyshire, Cornwall, Berkshire, Ayrshire, Several UK Locations, Cardiff, Manchester, Gloucester, Midlands, Shoreham, Felton - Northumberland, Northampton - Northamptonshire, Merseyside - Lancashire, Salisbury - Wiltshire, Upminster, Essex, Shenington - Oxfordshire, Bidford, Warwickshire, Essex, Gloucestershire, Greater Manchester, Kent, Merseyside, Newport, North Yorkshire, Oxfordshire, Perthshire, Powys, Renfrewshire, Renfrewshire, Stirlingshire, Surrey, Tyne and Wear, Warwickshire , West Lothian, West Midlands, Wiltshire, East Riding of Yorkshire, East Lothian, Durham, Derbyshire, Cornwall, Berkshire, Sussex, Lancashire, Several UK Locations, Felton - Northumberland, Several locations in the UK, Felton - Northumberland, Southside Prestwick Airport - Ayrshire, Cardiff, Manchester, Gloucester, Shoreham, Midlands, Gloucestershire, East Yorkshire, Felton - Northumberland, En11aa, Essex, Gloucestershire, Hampshire, Hertfordshire, Middlesex, North Lanarkshire, Oxfordshire, Perthshire, Surrey, Powys and Mid Wales, South Wales, Warwickshire, West Midlands, East Lothian, Cornwall , Buckinghamshire, Harlow, Watford, Redhill, Sussex £200.00
Driving Experience - Choice Voucher Driving Experience - Choice Voucher Reach incredible speeds in high powered cars x37 - Stafford, Staffordshire in the North East, Goodwood Circuit, Sussex, Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Stafford (UK), Stafford Driving Centre, 3 miles from Junction 14 on the M6. United Kingdom, Stafford Driving Centre, 3 miles from Junction 14 on the M6. United Kingdom, Stafford Driving Centre, 3 miles from Junction 14 on the M6. United Kingdom, Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales., Stafford Driving Centre, 3 miles from Junction 14 on the M6., Anglesey Race Circuit : Anglesey, North Wales. £99.00
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Reviews
Hot Air Balloon Ride for Two This Hot Air Balloon experience was awesome, I bought it so I could propose to my girlfriend and it was just spectacular, not only was it a great experience, it made the whole proposal that much more special. Gary Hawe

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