The cost of living crisis affects both workers and employers. The first way around this is to cut spending. They will then ask for a raise from their employers. Companies generally don't welcome your requests. Instead, they will offer relief to employees through free money management skills training seminars to increase their well-being. Another way employers can help their workforce overcome the cost of living crisis is to use employee benefits. Keep reading!
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Byond's reimbursement card allows employees to earn a reimbursement percentage of daily expenses. Byond is a prepaid shopping card that helps workers earn money by shopping in retail stores. Cardholders earn up to 15% cashback every time they use the card at over 70 selected retailers, restaurants and supermarkets in the UK. With the card, your employees will buy the things they usually buy: fashion, family meals, housewares and groceries. Getting reimbursed for daily expenses increases the money available to employees during the inflation period. Also, having more disposable income will improve your prospects and increase your productivity at work. Using Byond Prepaid Cards could earn employees up to £ 500 in cash per year. Not only that, the card is easy to set up and use to improve the purchasing power of your employees. further discounts
This allows employees to purchase gift certificates at a reduced price. They use gift cards for their own use or give them to family and friends while saving the cost of Christmas. The added benefit of the workplace discount gives recipients up to 15% off every time they purchase physical or digital cards from major retailers. These employee benefits are free for your business when you sign up for Blackhawk Network Extras. Buying a discount gift card allows employees to save when they shop at their favorite retailers, restaurants, and grocery stores. The card is a perfect gift for friends and family. Your support for employees during this high cost of living period increases their motivation and your company's bottom line.
MyGym Discounts
This allows employees to have a gym or leisure membership at a reduced price. MyGymDiscounts offers UK fitness enthusiasts the biggest gym discounts. Employees save up to 25% on memberships to gyms, recreation centers, spas, fitness studios and Bootcamp classes across the UK. When you join, your employees can join a cheaper gym through MyGymDiscounts. They can start doing physical exercises like dance, swimming, and pilates. As the workforce actively seeks health and wellness exercises in gyms, they are healthier and happier and work harder. This increases productivity as fewer employees will take sick leave. cyclical pattern
Cyclescheme helps employees save on fuel by helping them purchase a bicycle to use while commuting to and from work. Cyclescheme is a salary sacrifice allowance where employees use a portion of their salary for a non-monetary benefit: a new bike and accessories. Your company and your employees can join for free. Enable them to improve their health and savings by joining Cyclescheme. The Cycle to Work program will keep employees happier, fitter and more productive. They save 26-40% when they buy a new bike and accessories. They can pay in bits without paying any interest. Employees who cycle to work are happier and healthier, reducing sick leave requests. Employees who cycle to work experience less stress than their counterparts who drive to work and reduce greenhouse gas emissions in their neighborhoods.