Setting up employee benefits to truly serve the purpose is undoubtedly a challenging task for a business owner or HR department. Every employee is different, and in addition, along with changes in the company, their needs and priorities also change. Fortunately, with Edenred solutions, finding the right mix of benefits is easier.
Allowance for meals, extra days off for family or health care, flexible working hours, parking space, allowance for vitamins, language course or other education, opportunity to buy books, sports equipment or cosmetics at discounted prices, allowance for children's summer camp, remote work option, company car for private purposes, extra money for extra performance...
Although this calculation is rich, it is only a few benefits that employees appreciate and need. But while a parent of small children welcomes more extra days off and a contribution to a children's camp, a single employee prefers to be able to play sports or study at a discount.
"Setting up the right mix of benefits and rewards that meet the individual needs of the employee, thereby increasing his loyalty to the employer and motivation to perform well, is truly alchemy. Two main factors help to solve this conundrum: a benefit tool that can adapt to the needs of each employee and a good knowledge of your employees." said Lívia Bachratá, Director of Public Affairs at Edenred.
Benefits administration
At Edenred, we have developed (and are still developing and improving) a unique system for managing benefits, which simplifies their setup and administration and is at the same time clear, intuitive and understandable.
"As a leader in the benefits market, we provide employers with several solutions for their management. For example Edenred map it is no longer just a meal card, but it can also be used to provide employees with various gifts, services, leisure activities or a recreation voucher," continues L. Bachratá.
Even greater possibilities are provided by the system we have named cafeteria Edenred Benefits Premium. It provides the employer with one place to manage all internal and external benefits. "The cafeteria also contains various modules in which you can plan, for example, rewards for achieving an extraordinary result, birthday rewards, rewards on the occasion of a work anniversary, and the like. In addition to simple administration, this system saves employers time and energy in coming up with different types of gifts or rewards." added the Director of Public Affairs at Edenred.
The employer simply places an order for points in the cafeteria, and each employee chooses the most suitable gift for him from our wide selection. The employer does not even have to enter the cafeteria - he just comfortably looks at the detailed reporting of benefits/points used. And the employee is also satisfied.
Remuneration with which savings are made
Our products for employers help not only manage rewards and benefits more easily, but also account for them. In addition, they help save resources without depriving employees of anything. "A non-monetary benefit of up to 500 euros per year for each employee is exempt from tax," pointed out L. Bachratá.
Edenred is able to tailor a benefits system to each company according to its size, needs, employee preferences and, in addition, in the employer's colors and graphics. It is therefore highly personalized and every employee, drawing advantages and benefits, knows that he has them from his employer.
Well-being increases work performance
Another of the advantages that employers using Edenred benefit systems have is real data that tells about what employees currently need and value.
In times of high inflation, for example, extra financial resources were the most suitable form of remuneration. In better times, employees welcome a balance between work and private life.
Based on our experience, we recommend employers to also think about the mental health of their employees, because the company grows together with its employees and vice versa. If workers feel a lack of strength, it will affect performance, profit, turnover or the state of the entire company.
"Some companies have already implemented employee welfare programs that include various forms of benefits and support for both mental and physical health. They have proven themselves, their employees are less unable to work, and at the same time they feel valuable and valuable to their employer, which is one of the important factors in preventing burnout." explained L. Bachratá.
Employers who come with the option of flexible working hours, extra days of sick leave or vacation, or the option of working remotely (at least some amount of working time) greatly contribute to a better balance between work and private life, making them more attractive to employees.
"Our surveys repeatedly show that employees need to be seen first and foremost. The employer can show them this through a personal interview, notice, praise and reward. If employers want to have stable and reliable people in times of low unemployment, they should provide them with much more than just a food allowance. Our experts are ready to consult with each employer about their needs and set up a plan and compensation system that will benefit both employees and their employer." concluded L. Bachratá.
