Why Employees Want More Lifestyle Benefits Right Now And How to Deliver

Today, employee benefits need to go beyond baseline health coverage and life insurance. Modern workers expect comprehensive benefits that enhance their livelihoods, such that the industry is reporting 54% growth. Corporate discount programs that enhance life outside the office boost employee satisfaction, engagement, and retention, offering a significant return on investment.

Employee Benefits for Companies that Restore Time Feel More Valuable

Time is one of the most scarce resources known to humankind, but an employee discount program can restore the balance. Workers spend much of their waking hours at work, so time off matters even more. When your discount program makes their off-hours more affordable, hours worked feel like an investment in quality time opportunities.

Partner with an employee discount platform offering dynamic, flexible, and accessible discounts and benefits. Synchronize your internal communications and benefits messaging with your platform and team to align messages effectively. Offer training, case studies, and assign platform champions to nurture growth and establish social proof.

Burnout is Running Rampant – Lifestyle Benefits Offer an Immediate Offramp

Team members who work themselves to the brink of burnout increase an organization’s risk into the red. Tired employees can feel very overworked and unable to focus to execute detailed tasks or retain information. Help your people keep their stress levels manageable by offering life-enhancing and restorative employee discounts for businesses.

Access to discounts on health-enhancing benefits like massages and luxury treatments make it easier to book an appointment. This investment in one’s wellbeing, is more accessible and actionable when offered a great discount.

Showcase program information on your intranet and alongside paid time off benefit details. Encourage your team to use your discount platform to recharge and reset, and suggest advantageous times to do so. A slower season, lighter work day, or conveniently placed holiday can inspire your most maxed out employee to reset.

Rising Costs Steal Spending Power, but Employee Engagement Strategies Help Maintain Quality of Life

If your company could solve the challenge of inflation, then it probably would have by now. However, inflation is an animal that everyone must learn to tame. In your organization, this makes your employee discount program even better, making a nominal investment in benefits worth thousands.

Discounts reduce the price of goods, services, and experiences, meaning your employees’ dollars go further. However, that’s not the best part – every dollar saved is equal to dollars earned without the tax hit.

Especially in times of tight budgets, your discount platform can help workers balance budgets and adjust to real-time conditions. The annual theme park trip can be a reality, even during seasons where household budgets are tight.

Most Benefits Plan for the Future or a Tragedy, Lifestyle Discounts Improve Life Today

When you start to review your benefits package, the themes can turn dark quickly. Retirement is 30 or more years away, making savings strategies today seem impossible to project. Life insurance is a necessary, important benefit, but it does call to mind one’s impending death.

Lifestyle benefits add value now, allowing your employees to enhance their life immediately and in an impactful way. This isn’t about a “you only live once” lifestyle – it’s about offering tangible, accessible benefits in addition to those requiring more patience. Delayed gratification, like waiting for compounding interest to work its magic can maintain its role while work perks delight today.

Lifestyle Benefits Close the Gap Lost to the Modern Workplace

Traditional workspaces still offer lots of perks like coffee, snacks, and high-quality office set ups. However, with many workforces operating hybrid and remote models, the loss of these conveniences can feel like a benefit reduction. When employees are responsible for their own Internet access and workstation, lifestyle benefits can even the scales of compensation.

Calculate the potential value your employees can expect to glean from your Working Advantage benefits. Use the median compensation for a typical individual contributor as your baseline to serve as your example. Next, showcase the impact on this employee’s total compensation when they use work life balance benefits.

Feature different scenarios to show how different employees might maximize their access. A single, entry-level employee may book an adventurous trip. An experienced professional may prioritize saving on daily expenses, like auto insurance and dining out.

Perks that Support the Whole Employee and Their Family Boost Total Perceived Value

When you hire an employee, the decision to accept your offer isn’t always made in solitude. Team members with spouses, children, and other dependents, consider many factors, including benefits. And when your company offers something special like lifestyle benefits, you earn favor and appreciation from people at home.

As you consider your program, take into account different family dynamics and how their roles can impact program use. Oftentimes, one spouse is the designated vacation planner or financial manager, so program communications should also be designed for them. Outline specific requirements clearly, like how to access the platform and redeem rewards.

Offer education and interaction opportunities to family decision-makers at your next open house event. Provide on-site overviews of the platform, one-on-one support, and digital tutorials so resources are accessible after the event.

Benefits that Invite Employee Design Can Lead to Better Results, Retention, and Satisfaction

Today’s workforce wants benefits solutions that are anything, but one-size-fits-all. The more autonomy workers have in their jobs and how they utilize benefits, the better. Empower your employees to maximize their employee experience with lifestyle benefits that are truly rewarding.