Welcome to our on-demand webinar, “Future-Proofing Employee Benefits: How Can Modern Payments Technology Bridge Existing Gaps”, hosted in conjunction with HR Grapevine. The expert discussion brings together leaders in HR, benefits tech, and fintech to explore how flexible spendable cards embedded into benefits and rewards platforms can address the evolving needs of today’s workforce.
Watch the session to gain insight into:
- Why spendable benefits aid employee benefits adoption, ultimately boosting satisfaction
- How embedded finance enables SaaS builders to deliver both greater choice for employees and also fine-tuned controls for HR/benefits managers
- Key research insights: 60% of benefits managers would value spendable benefits cards, while 50% of them search for new software solutions
Watch our webinar with insights from Visa and Employment Hero for solutions.
Key soundbites from the webinar:
“The more we hear is that people want benefits to be targeted and this is why the traditional sort of cash incentives [..] are shifting to intelligent incentive packages people want to be able to take some control over.”
Duncan Kennett – Head of Employee Benefits, Visa
“What we’ve delivered through a spendable card within our platform is a reward and recognition structure based on hero points. Hero points are earned. Then you can spend those through the spendable card that’s fully traceable.”
Rob Dunn – General Manager, Employment Hero
Tune in to the webinar now or, if you’d like to delve into the research download our white paper, “Flexible Benefits Cards: Employee Choice, Business Control”, get it below.
What to expect from the research
Flagging employee adoption of benefits, low awareness and general apathy. It’s tough to design packages that move the needle and ultimately deliver against business needs. Our research highlights what benefits managers are aiming to achieve:
- 21% of benefits managers to give employees more choice in how to redeem benefits allowances
- 22% are seeking to deliver more relevant benefits
- 58% want to be able to better configure and control their benefits offerings
A shift in employee expectations, plus underlying budgetary pressures, push benefits managers to search for new benefits software that helps them respond. Our recommendation is that, by incorporating spendable benefits cards, the builders of benefits platforms can help their end users – the HR and benefits managers – to enhance the flexibility and relevance of their offerings and also deliver a personalised experience for employees.
Want to see how spendable benefits cards could work in your platform?
Book a 15-minute call with one of our experts to explore how embedded finance can help you deliver flexible, personalised benefits that employees actually use.
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