About The Lunar New Year
Billions of people observe the Lunar New Year; the festival, also known as Chinese New Year or Spring Festival, is marked by themes of reunion and hope every year on February 1st.
About The Chinese Red Envelope
The Chinese Red Envelope (紅包, hóngbāo) is an envelope used to gift money for the new year. Traditional red envelopes adorned with elegant Chinese characters in gold depict happiness and wealth in the new year. Businesses have used red envelopes containing gift certificates, cash in paychecks, and gift cards.
Still, with employees working remotely, companies have shifted to handing out Priiize virtual scratch-off cards instead of red paper envelopes.
Virtual Scratch-offs are currently the #1 delivery system for Employee Experience Rewards used by Employee Experience Managers in the USA.
How virtual Red-Envelope Scratch-offs Games have replaced red paper envelopes.
During Chinese New Year, their grandparents, parents, relatives, and friends give cash inside the envelopes to younger generations as heart-warming expressions of love and luck. And best wishes.
Employees received a year-end bonus tucked inside a red envelope for company gift-giving.
Now, they get their red envelope online because they work remotely. They receive a link or QR code that takes them to a Red Envelope Virtual Scratch-Off Game to play on smartphones to scratch-off to reveal a dollar amount they won.
The Meaning of the Red Color
In Chinese culture, red symbolizes good luck and fortune, so red is used for envelopes and scratch-off cards for good luck.
The Dollar Amount
For businesses, deciding how much money to put into an envelope depends on the budget and employees.
A company with a good year of profits will budget a higher dollar amount. In lean years, it is their choice to budget for less.
For employees at work, the year-end bonus is typically the equivalent of one week or one month’s wage, although the amount can vary from under $25 to more than one month’s salary.
