Exploring the Best Employee Benefits: Our Employee Discount Platform
30 September 2024
Christmas is fast approaching, and we’ll soon be inundated with Black Friday and Cyber Monday deals. These deals make a difference for those hunting for presents but are limited to certain times. At Pluxee UK, we believe in giving employees a chance to save money every day of the year. Our employee discounts platform helps employees save on the weekly shop to a family holiday, and everything in between. Discover how your company benefits when you enhance your employee value proposition with employee discount schemes.
Life is unpredictable. Black Friday and Cyber Monday advertise their dates in advance, but what if unexpected expenses prevent us from taking advantage of these money-saving deals?
Did you know some retailers boycott these sales, believing they encourage Brits to spend on items they don’t need? Not to mention the suggestion that some hike-up prices leading up to the sales to make the discounts seem bigger.
Employee Discounts on… everything!
If life is unpredictable, employee discounts must be consistent, allowing employees to save money no matter the time of year. Employee discount schemes make the best deals available every day, helping make life more affordable and stretching employees' salaries further.
The best employee benefits make life more joyful, boosting employee motivation and appreciation.
Everyday employee discounts = Endless benefits for employees!
Our Employee Discounts Platform becomes part of your employees’ everyday lives. Whether it’s the weekly shop, baby products, school uniform, a trip to the cinema, a day out, a holiday or the latest tech - your employees have the chance to save up to 20% every time they access our discounts.
Simple, inclusive, and effective! Our Employee Discounts Platform makes life more joyful, helping you create an Employee Value Proposition (EVP) that reduces employee turnover and enhances employee wellbeing.
How does our Employee Discounts Platform work?
- Step one: Choose the retailer you wish to shop with.
- Step two: Select the value of the voucher to suit your needs.
- Step three: The discounted eVoucher arrives in your eWallet, which you can access via a handy App.
- Step four: Spend it.
- Save five: Enjoy the savings!
And the benefits for employees?
Our retailer discounts vary, but if, for example, your employees purchase an eVoucher from a retailer offering a 7% discount, a voucher that is worth £100 in-store or online would only cost them £93. That’s a £7 saving.
Encourage employees to use their employee discounts. These small savings, available daily, build up and make a significant impact.
When employers offer their employees cashback-earning and discount schemes, their workforce can save up to £1,679.” Graham James, Director, Pluxee UK
As employee engagement experts, we understand employees need encouragement to adopt better spending habits. We ran our 21-Day Money Marathon to do just this, and the results proved what an impact our employee discounts platform and cashback card can make.
Why Do Employee Discounts Matter?
As we share in our blog - How to support your employees during the cost-of-living crisis - 52% of Brits claim their living costs are still high.
73% of our Money Mastery research respondents report feeling stressed by their poor financial wellbeing. 57% go further than this, claiming money worries and financial stress negatively impact their mental health.
Our Employee Discounts Platform makes everyday living more affordable, allowing employees to save money on essentials. They can set the money aside for something special, put it towards other expenses, or even save for the future. However your employees use their savings, they're alleviating the financial burden and reducing the risk of excess stress.
What are the Company Benefits?
One in four employees is actively seeking new roles due to cost-of-living pressures (HR Review).
Employees leave jobs for many reasons. Sometimes, it’s a natural progression - a good move for all involved. Other times, it’s the start of turnover problems that could significantly impact your bottom line.
If your employees are searching for extra money to help make life more affordable, you can take steps to retain them. When embedded and used effectively, employee benefits can make more of a financial impact than a pay rise, and they cost your business much less to implement.
Absenteeism is another topic to cover.
Employees experiencing money worries are costing the economy, and mental ill-health is the biggest cause of all long-term sickness absences.
When employees are struggling to make ends meet, it can impact their mental and physical health as well as their financial wellbeing. It’s all connected, and it will hurt your business. The steps you take to make life more affordable for your employees will help reduce stress and improve their overall wellbeing.
Employees who get more joy from life bring more energy to the workplace!
What other employee benefits will enhance your EVP and increase financial wellbeing?
- Unlimited cashback: Our Pluxee Card is another impactful way to give your employees a chance to stretch their salaries by earning up to 15% cashback every time they use their prepaid card to pay with one of our (over 80) participating retailers. Discover all you need to know about our Pluxee Card!
- A smarter way to pay: Have you heard about SmartPay? It’s a salary deduct scheme, stretching the cost of higher-value items via your employees' weekly or monthly pay over an agreed period. Think broken washing machine, slow laptop… think SmartPay! Avoid debt, credit and interest with SmartPay.
- Alleviate digital poverty: We’re thrilled to introduce our Refurbished Tech scheme. It helps employees spread the cost of the latest tech via salary deduct payments while contributing to your NET zero targets. Learn more about our Refurbished Tech scheme and the benefits for employees and employers.
- An Employee Assistance Programme (EAP): Statistics prove that money worries can cause or worsen mental wellbeing, making some employees very ill. Our Employee Assistance Programme ensures there’s someone to listen whenever your employees need support, 24/7, 365. Our counsellors are all BACP-accredited, and confidentiality is guaranteed.
We have a vast range of employee benefits to enhance physical, mental, and financial wellbeing. Discover all you need to know about our solutions and their impact.
Ensuring Your Company Benefits from Employee Benefits
Get tactical with your employee benefits!
When you embed our Employee Discounts Platform into your business, you can add our SmartPay and Refurbished Tech at no extra cost, making them cost-neutral employee benefits.
Salary sacrifice schemes, especially those that save employers money, like Cycle to Work and Green Car schemes, are another strategic way to fund your employee benefits and wellbeing strategy.
Take the money you save in tax and NIC and invest it in your Employee Value Proposition.
Introduce the Best Employee Benefits to Your People with Pluxee UK
Whatever your ambitions for 2024, 2025, and beyond are - increasing engagement, reducing employee turnover, or offering meaningful support - embedding employee benefits like an employee discounts platform helps your workforce save throughout the year is an effective way to create loyal and motivated people.
Arrange a call to discover how to make life more affordable and joyful for your employees.
FAQs
Is your Employee Discounts Platform free for employers? Our Employee Discounts Platform isn’t free to implement. There is a fee, and this includes marketing support, account management, and access to our UK-based customer care team, which all help to ensure you receive a return on your investment. We also have your employees’ favourite brands and retailers available to your employees.
How can we measure the ROI? What challenges are you aiming to solve using employee benefits? It could be improving employee retention, speeding up the recruitment process, or boosting employee engagement. These are just three people-related issues that cost your business money. Decide what you’re trying to achieve, measure the current status, and then review the progress once your employee benefits strategy is underway.
What can I do if the employee benefits aren’t helping our business achieve its goals? Before you embed any employee benefits into your business, you must first ensure you’re aware of your employees’ interests and needs. The first step to success is offering them the benefits that matter to them most. Next, it’s to ensure you have a communications strategy running alongside your benefits offering, and this is something a Pluxee UK account manager can help with.
What difference can employee discounts make? Read our blog on our 21-Day Money Marathon. It shows the difference using their employee discounts made over a 21-day period to get a feel for the savings potential.
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