BI WORLDWIDE Global Engagement Point of View

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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 ITS NOT GLOBAL UNLESS YOURE 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

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BI WORLDWIDE GLOBAL EMPLOYEE ENGAGEMENT *The EMPLOYEE EXPERIENCE is more important than the reward * Engagement Solutions must be grounded in BEHAVIORAL ECONOMICS *Middle Managers are THE KEY to an Engaged Workplace *It's not GLOBAL unless you're LOCAL *Points of Differentiation: Technology / Global Credentials / Employee Rewards / Award Value (Employees)

Transcript of BI WORLDWIDE Global Engagement Point of View

Page 1: 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

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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

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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