Salt Labs, a modern employee rewards solution for frontline workers, today announced the creation of the first relief fund for the hundreds of thousands of workers recently affected by the sudden shutdown of San Diego-based Blueboard, an experiential employee recognition platform.
This relief fund is reserved for Blueboard client employees who have pre-funded rewards that can no longer be honored due to the company’s unanticipated closure on March 12, 2024. Salt Labs has allocated $20,000 to employees at affected companies, who had either already redeemed a reward experience or who were due to redeem an experience in the near future. This will help enable these employees to retain continuity of their earned reward and to allocate their Salt toward the redemption of something of similar value, from financial products to memorable experiences within Salt’s carefully curated collection.
“Employee rewards are a critical part of the employee experience. We are saddened by the news of Blueboard’s surprise shutdown, which has adversely affected many companies and their employees” said Jason Lee, founder and CEO of Salt Labs. “We have established this industry-first Relief Fund to provide companies and their employees fulfillment of earned rewards.”
Former Blueboard client companies who want to be considered for participation in the relief fund should fill out a form on the Salt Labs website, or email relief@saltlabs.com no later than Wednesday, March 20, 2024 at 6:00 p.m. ET. Employers with a large population of frontline and hourly workers will be prioritized in the consideration process. Accepted employers will receive an allocation of Salt to disburse to their affected employees based on unfulfilled Blueboard redemptions and an ability to exchange that Salt for rewards in the collection.
