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Gone are the days of enticing office employee perks. Today\u2019s employers must think of innovative methods to reward employees, whether they’re based in the office and or at home. Whereas before staff could look to employers to provide perks, ranging from everything from extra paid time off to ping pong tables in the break room and beer in the fridge, the landscape for employee incentives has now changed thanks to the significant rise in remote working. According to Anouk Agussol in the Financial Times, \u201cCompanies that don\u2019t have flexibility benefits as standard will really lose out. It\u2019s no longer an advantage to have it, it\u2019s a disadvantage not to.\u201d<\/p>\n\n\n\n
Where once it might have been enticing to have fun office perks – think extra holidays, free food in the breakroom, wellness days, on-site gyms, laundry centres and much more – according to the Financial Times\u2019 Perk Popularity Index, employees are now shifting towards matters of physical and mental wellness as well as financial freedom.<\/p>\n\n\n\n
B4B Payments offers an ideal product with our prepaid cards for business. The employer creates a specialised prepaid business card complete with the company\u2019s own branding and logo. The card can then be distributed to employees, who then choose how, when and where to spend it. B4B payment cards allow money to be spent at multiple vendors, unlike single-use store cards. By providing them with a prepaid B4B payment card, you could be helping them to repay student loans. In areas where the economy has been hit harder by Covid, your B4B payment card might be assisting with something as fundamental as groceries. Employees once enjoyed free sushi in the break room; today\u2019s needs might be something more essential. Crucially, though, you\u2019re leaving the spending power in the hands of the employee.<\/p>\n\n\n\n