With the impact that financial stress has on employee productivty and well-being, employers are searching for relief through the addition of various financial wellness options to the employee benefits program. In article published in Corporate Wellness Magazine, Elizabeth Halkos, our chief operating officer, talks about how including employee discount and purchase programs as part of your strategy is a win-win for both employees and employers.
Today’s employee benefits offerings make a definitive impact on an employer’s recruitment and retention efforts. Employees are looking for more than just a paycheck; they want to be able to choose benefits that are important to them even if it means paying for such benefits. This has led to the rise in popularity of voluntary benefits, particularly the non-traditional ones.
Merchant and employee discount programs will continue to be a favorite of employees because they can obtain a discount on something they were already planning to purchase. Employee purchase programs are a great voluntary benefit to offer because they are low- or no-cost to the employer while providing a great value to employees. They are popular with workers for one simple reason – they increase the employee’s buying power through a disciplined, affordable way to pay over time.