subject: Employee Discounts Will Help Your Staff Save Money [print this page] Many of us are struggling to make ends meet in the current economic crisis. If you run your own business then you will no doubt have been affected by everything that has happened in the past few years and you will also be able to empathise with the position that your employees are in. Perhaps you have been unable to offer the pay rise they needed or perhaps you have had to make sacrifices in other areas like resources and social events? Unfortunately this cannot be helped but now it is more vital than ever you ensure that your employees feel valued and motivated.
If you are looking for a scheme that will help to boost the morale of your workforce then you will be pleased to learn that there are lots of flexible benefits and employee savings schemes you can implement that cost very little money. In fact some schemes offer a win-win financial benefit to both the employer and the employee.
The Government Cycle to Work scheme is one such example. The employee benefits from a hugely discounted new bike with payments spread over the course of the year, while the employer generates savings through reduced National Insurance contributions and any claims against capital allowances. Add to this the health benefits and positive environmental image that will be associated with your business and it is easy to see why the scheme is so popular.
Establishing a rewards and benefits scheme is the ideal way to retain your employees and make them feel valued but if you have a reduced budget then this can sometimes be difficult to finance. Employee discounts are a great way to combat this issue because they are low-cost to run and easy to administer. Your employees can have access to an online service that offers a wide range of discounts that allows them to spend money on something that is most useful to them whilst benefiting from a reduced rate. This could be anything from discounts on travel insurance to offers on their favourite food and drink.
If you make your rewards and benefits scheme as flexible as possible then this will show that you understand that the needs of your employees can vary. In the current economic climate we are all looking for ways to save money so an employee discounts scheme could really make a difference. Some schemes even offer personalisation so you can demonstrate that you recognise the efforts of each of your employees individually.
