Research shows that people derive more lasting happiness from experiences compared to material possessions. According to a study by Cornell University, experiences contribute to our identity and provide more enduring satisfaction. For your employees, this means they will form a stronger emotional connection to experience-based rewards, boosting their morale and enhancing well-being.

Engaging in leisure activities and taking time out are proven ways to reduce stress and improve mental health. A study published in Applied Research in Quality of Life found that taking breaks from work, including holidays and outings, lowers stress levels and reduces symptoms of depression. By offering your employees the chance to enjoy days out, you can directly contribute to their mental health, reducing the risk of burnout and absenteeism.

Employee engagement programmes that include experiential rewards can significantly increase workplace productivity. The Chartered Institute of Personnel and Development (CIPD) found that such programmes lead to a 21% increase in productivity. Employees who feel valued and whose well-being is prioritised are more likely to stay motivated, focused, and perform at their best.

Shared experiences, such as outings or group activities, can help foster stronger relationships among employees. Research by Gallup shows that employees who have close friends at work are seven times more likely to be engaged in their roles. Providing opportunities for team-building experiences can strengthen interpersonal connections and improve overall team collaboration.

Leisure activities and experiences play a key role in increasing job satisfaction. A study by the International Journal of Hospitality Management found that these experiences can reduce turnover intentions. By investing in rewarding your employees with memorable days out, your company can improve employee retention and reduce costs related to high turnover rates.

Offering experiences as rewards is a great way to encourage a healthy work-life balance, which is essential for overall well-being. The British Psychological Society highlights that work-life balance helps reduce stress and prevent burnout. When employees feel supported in taking time for leisure and relaxation, their satisfaction with their job—and loyalty to your organisation—increases.

Taking time away from the office and engaging in different experiences can enhance creativity and problem-solving skills. A study in the Harvard Business Review reveals that employees who take leisure breaks return to work with fresh perspectives and innovative ideas. This makes experiential rewards particularly valuable in roles that require continuous innovation and creativity.