Corporate Gifting: On Time, On Budget Solutions with Gift Cards

Corporate gifting has truly come of age today.  Many firms give thoughtful gifts to their valued employees. After all they constitute the internal customers of the company. It is a great way to show appreciation for their loyalty and hard work. Employees definitely feel recognized and needed by their employers. This practice is rapidly spreading across the corporate landscape.

Many employees would appreciate a small gesture of thank card to a larger prepaid gift card around Holidays and occasions. It makes them feel elated. As a HR you know that cash bonuses or raises are not feasible when an employee have put in a stellar performance. But gift vouchers fit any budget. HR who understands the tastes and interests of the employees can purchase an appropriate card as a token of appreciation from Woohoo.in.

Corporate Gift Cards: Small Gestures Go a Long Way

How do they make employees happy?

The small gestures such as a gift card on the birthdays or anniversaries do wonder to his pride.  An employee feels touched and would want to improve his productivity on the work front.  If the HR is not sure about the preferences of the employees she/he can send out emails of commendation to the employees and give them option to choose from several gift cards. This is the great way to reward them. Here the employees will enjoy choosing their own reward from the given list.  At Woohoo.in, there is a plethora of gift cards ranging from apparel, jewelry, restaurants, food chains to home decor.

Not Just Special Occasions

What other occasions does a gift card serve?

It’s just not for festivals and anniversaries when the companies show token of appreciation. These days, after a long and stressful month, if a team has completed their task on time, the HR either hands out a group gift card for lunch or dinner at a fancy restaurant or individual gift cards. For such memorable events, it is always better to keep a stockpile of gift cards for dining or an outing with family. These small gestures that come in short burst are more powerful incentive for the employees than a bonus or a hike in salary at the end of a year.

Woohoo.in is the one stop shop and solution for all your gifting needs and ideas.  It’s mission is simple – make gifting easy.

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QwikCilver featured in Outlook Magazine

The Outlook Business Magazine published an article in September 2012, highlighting QwikCilver as one of the main players in the $403.8 million prepaid gift cards and vouchers market in India. While the article talks about ‘Sodexo passes’ and its wide acceptability, the focus is now shifting to plastic gift cards.

On A Growth Trajectory

QwikCilver, as a leading stored-value-card solutions company, serves millions of corporate employees in India; and is also the parent company of Woohoo.in, the online megastore for gift cards and gift vouchers. QwikCilver has tied up with more than 60 retail brands in over 250 locations across India, which makes it the leading provider of gift cards in India.

Prepaid Gift Cards Versus Sodexo Passes

The article takes a look at how ‘Sodexo passes’ were used as currency at retail stores for meals and much more. However retailers don’t welcome ‘Sodexo passes’ anymore due to high handling costs. On the other hand, plastic gift cards are reusable and rechargeable. They come with magnetic strips which means they can be swiped on any credit card swipe machine.

As the article explains, this reusable aspect is why prepaid gift cards are a popular employee reward in corporate circles. Previously, companies used to hand out gift vouchers as birthday or anniversary gifts. These companies now see the value of preloaded, reloadable plastic cards that can be used for multiple brands at department stores. Such gift cards reduce costs for the company and also lessen fraud and misuse.  Transcending the corporate world, plastic gift cards are also becoming popular with consumers, as they provide the much needed freedom and convenience while shopping for gifts.

Link to the original article in Outlook Business here

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