Archive for month: November, 2018
E-gift cards are becoming a more popular gift and reward option. We’re excited about working them into what we offer our clients. Even if they seem elusive and new, they’re actually a really simple and delightful product.
What is an e-gift card?
They are functionally the same as a traditional physical gift card. The only difference is digital delivery.
Cash value loaded on to a plastic gift card isn’t actually on the gift card itself. Gift cards themselves don’t contain the cash value loaded onto them. The gift card is just a physical token of that value.
E-gift cards take the plastic element away. That’s the only significant difference. Instead of using the gift card as the token, an email becomes the token. Everything else, functionally, remains the same for your employees and customers.
Swathes of online retailers, high street shops, leisure brands, restaurants, pubs, cinemas, experiences, holidays and more are available through e-gift cards. And, it’s just as easy as using traditional physical gift cards.
How do e-gift cards work?
As you’ve read, an e-gift card works along the same principles as a physical, plastic gift card. Using one works just like a plastic gift card, only without the plastic. Depending on the specific brand, they’re redeemed online, in store, or both.
Using an e-gift card in store
To keep it simple, they usually arrive in the same format they’re normally used in. They’re sent through emails (and occasionally SMS), so all an e-gift card recipient needs to do is present a copy of the e-gift card. Save a copy of the card number, take a screenshot, or just open up your message/email app and present it when making a purchase.
Using an e-gift card online
For most e-gift cards that can be used online, the process is simple. It just means entering the e-gift card’s number and PIN when making a purchase through the website.
The confirmation email outlines any special instructions. Such as, needing to create an account for online spending, or having to print the gift before using it in store.
How do you buy e-gift cards?
There are two ways to get e-gift card through Love2shop Business Services. Both are easy for customers and employees.
Love2shop Gift Cards
The first e-gift card method is through Love2shop Gift Cards. The value of a Love2shop Gift Card is exchanged for e-gift cards through Love2shop.co.uk, or our app. E-gift cards are sent straight to a user’s email inbox after the exchange.
Evolve digital rewards
The Evolve digital rewards platform also offers e-gift cards. Evolve reward codes, delivered through SMS or email, are redeemed through a simple web portal. The codes open a massive catalogue of rewards, including our selection of e-gift cards.
We’re also working to introduce e-gift cards as a standalone product on our customer-focused sister site, Highstreetvouchers.com.
New digital products like this get us really excited. They’re an interesting new frontier in our mission to develop our digital reward and gift offerings. As more companies try to drive down their dependence on plastics and embrace digital space, expect to see more of these in the future.
We’ve been saying it for years now: the milestones really do matter.
Even if you don’t think employees should get recognition for sticking with your company, your employees do.
A lot of employees think they should start being recognised for their loyalty after just one year.
They notice employers who miss their work anniversaries. That will affect how staff see their managers, how they see the company, and how they see themselves at work.
Cash-value rewards you dish out on top of that are trophies, persistent reminders of your appreciation for employee loyalty.
Trophies amplify recognition, but they don’t replace it.
With that in mind, we have a rough guide to scale years of service awards to cash-value rewards based on our experience with clients.
The loyalty to cash value scale:
- Three years:
- Up to £25
- Fifteen years:
- Up to £400
- Five years:
- Up to £140
- Twenty years:
- Up to £500
- Ten years:
- Up to £280
- Fifty years:
- Up to £1,300
So, there you go. A scale to operate to. But it feels kind of cold, right? Just numbers quantifying someone’s time into the value of a years of service award.
It’s not even like it’s a lot of money, it’s pretty reasonably priced. That’s because the recognition matters as much as the reward.
You have to put the effort in to make it spicy and exciting. Two things make a big difference: the manner of the award presentation, and what you use as a cash-value reward.
Humanising years of service awards with recognition
Recognition for loyalty needs to be personalised and public.
Leaders need to make the effort to personally show their appreciation for employees staying with the company.
Personalising recognition for loyalty shows managers are genuinely interested in their staff, making it more likely rewarding and recognising loyalty will have positive effects on staff.
Recognition for loyal service should be public. Open recognition has a greater impact on the employee, because it affirms the value of their place in the company.
Recognition being public also affects employees beyond the person being recognised. They see leaders valuing and appreciating other staff, and know in turn that both employees and loyalty are valued in the company.
Cash value, not cash
We’ve used the term cash-value, not cash, a few times in this blog. That’s no accident. We prefer non-cash for years of service awards.
That’s because cash makes a pretty poor employee reward. You can read all about that here, so we’ll spare you another slice of it.
There are a host of simple:
- Choice – Let them pick a reward for themselves with gift cards, e-gift cards or a catalogue.
- Training – Help employees reach their professional goals.
- Time – Offer extra holiday days, or a sabbatical.
- Trophies – Certificates, plaques and other trophies of service.
- Control – If they’ve been pushing for a special project, let them spearhead it.
- Experience – Organise an exclusive VIP experience for something they love.
- Travel – Flights or accommodation to a dream destination.
If you don’t know your employees well enough to know what gets them excited, stick to offering choice.
Give employees access to a broad catalogue of rewards and let them pick something they can cherish at a cash-value level.
Don’t subject yourself to trying to maintain a catalogue of rewards for your own company. It’s a huge pain the in the neck. And you can rarely do as good a job internally as a specialist.
And a needless time-sink when you can use products like gift cards and e-gift cards to put rewards in the hands of staff.
You’ve got a guide to how to value years of service awards, now it’s time to put the effort in to maximise its positive effects for your business.
It’s not a shock that we often get asked where to buy Love2shop vouchers.
They’re the UK’s most popular multi-retailer gift card and have been the mainstay of our business for decades.
Lots of people receive Love2shop Gift Vouchers as birthday or Christmas gifts, rewards for job performance, or payment at the till.
But you won’t see Love2shop on the shelf in a shop, so not everyone knows where you can actually buy our vouchers.
There are three ways to get yourself a wallet full of Love2shop Gift Vouchers.
Hightstreetvouchers.com is the UK’s number one destination for vouchers and gift cards.
They’ll service any order of Love2shop vouchers, Love2shop gift cards or single-store gift cards below £10,000.
They also offer special little perks like free greetings cards. Orders placed before 11am Monday through Thursday are also eligible for next day delivery.
If you want Love2shop vouchers and you want them now, Highstreetvouchers.com is where you need to be.
Love2shop Business Services
That’s us. We sell Love2shop Gift Vouchers as one of our reward and incentive products.
Unlike Highstreetvouchers.com, we exclusively handle business orders over £1,000.
Our Business Development team are the link between what you need and what we do best.
They listen to our clients, then put them in touch with the right products and platforms. Sometimes that’s a clutch of Love2shop vouchers, sometimes it’s digital reward codes, gift cards, or our dedicated reward and incentive platforms.
Self-serve is our dedicated web resource for business customers.
Order gift vouchers, gift cards and reward codes at your leisure. It’s also an account management portal for businesses.
Access your order history, use a credit account, enjoy an agreed discount (on larger, ongoing orders) and access next day delivery on orders before 11am.
If you’re a business, and you want Love2shop vouchers, talk to our team today.
They’ll make sure you’re furnished with Love2shop vouchers as soon as possible.
Where to buy Love2shop vouchers should never be a problem.
There’s three simple, accessible places to get your hands on our vouchers whether you’re a customer or business.