BI WORLDWIDE Global Engagement Point of View
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Transcript of BI WORLDWIDE Global Engagement Point of View
BI WORLDWIDE GLOBAL EMPLOYEE ENGAGEMENT
POINT OF VIEW
THE EMPLOYEE EXPERIENCE IS MORE IMPORTANT THAN THE REWARD • Unique, patent-pending social recognition tool • Manager engagement • Easy and accessible • Online shopping for choice of awards • Social / public recognition
MIDDLE MANAGERS ARE THE KEY TO AN ENGAGED WORKPLACE • More than 400,000 managers received recognition,
program, and platform training • Built-in manager engagement tools
− Manager Discretionary − Spot Awards App − Personalized dashboard − Comprehensive suite of reports − Budget meter and reminders − Engagement reminders
More than
400,000
MANAGERS TRAINED
IT’S NOT GLOBAL UNLESS YOU’RE LOCAL • 7 BIW Global Headquarters
− 34 Offices Worldwide
• 18 Customer Care Centers for local support • Local program support, in time zone and in
language • Local billing that saves money • Locally sourced, culturally relevant awards • Point parity system
ENGAGEMENT SOLUTIONS MUST BE GROUNDED IN BEHAVIORAL ECONOMICS • Thought leader in behavioral economics • 77% of decisions driven by emotion
− Choice Architecture: all good designs framed for maximum results
− Preference Reversal: difference between what we say and how we actually behave
• Primary research with academic leaders in behavioral sciences
Operating in
120 Countries
BI WORLDWIDE GLOBAL EMPLOYEE ENGAGEMENT
POINTS OF DIFFERENTIATION Technology Global Credentials Employee Awards
• The most advanced social recognition system in the industry, leveraging the latest technology
• One consistent and consolidated recognition system
• Audience smart technology to combine general program information with distinct and relevant content
• The first and only recognition system with responsive web design
− Provides access to employees using any device at any time
− Dynamic, visually appealing, and intuitive web design
• The most robust system with more employee engagement apps and manager engagement tools
• The ultimate in scalability to support any audience size, number of countries, languages, and segments
• Industry-leading innovation
− Recognition PURL − UDrawit − Gamification − Personalized dashboards − New Apps on the way
• Flexibility to connect G5 to ERP/HRIS/CRM systems
• Both multi-tenant and customizable single-tenant website configuration and pricing
• Our technology is award agnostic
− While our research and experience, backed by academic studies shows online shopping as a better value, our recognition system is designed to support the use of gift cards.
• BIW has the global reach and unmatched local presence:
− Local program support, in time zone and in language
− Local billing that saves money − Locally sourced, culturally relevant awards
• We understand local trends, the regulatory environment, high-level tax regulations (sales, service, VAT and GST)
• We supply all tax reporting data and track client tax practices
• Award earnings management system to manage varying point values around the world
• In-country billing
− Typically saves our customers 3-5% of their total awards budget
• Global Awards
− Local sourcing and fulfillment
• US Catalog
− More than 2.5 million choices including merchandise, travel and event experiences, vouchers, movie tickets, books and music downloads
− BIW provides a best-in-class online shopping experience that reflects the market trends (17% increase)
• Unmatched fulfillment and customer support services
• Simple one-step redemption
• Awards are inclusive of applicable tax and shipping
• BIW continues to expand and refine our US and global reward offerings
Award Value (Employees)
• BIW delivers the most value for your employees, a more engaging online shopping experience, and a lower potential tax burden. • BIW awards are priced at or near retail pricing. Often our awards are priced below retail.
− We compared our pricing with retail on our top 100 redeemed items. As illustrated below, items under $25 were actually 9.52% below retail on average.
• The tax burden related to tangible awards is significantly lower than cash or cash equivalent awards. Tangible awards are taxed at Fair Market Value
(FMV), while cash/equivalent awards are taxed at 100% of the value.
Cash / Cash Equivalent BIW Non-Cash Awards
Taxable
Not Taxable
BI WORLDWIDE GLOBAL EMPLOYEE ENGAGEMENT
POINTS OF DIFFERENTIATION
-10.00%
-8.00%
-6.00%
-4.00%
-2.00%
0.00%
2.00%
4.00%
6.00%
Up to $20.00 $20.01 - $25.00 $25.01 - $50.00 $50.01 -$100.00
-9.52% -9.25%
5.46%
2.91%
BIW Top Redeemed Items Compared to Retail % Above / Below
Retail Price