The benefit of centralised administration for all employee-related issues, such as pay, benefits, and training, is offered by total rewards schemes. Such an administration system offers the benefit of a comprehensive system through which business, and particularly small firms, may oversee all of these areas. The components of a whole rewards programme are, to put it simply, everything a company does to entice workers, including wages, incentives, perks, and possibilities for professional and educational advancement. This approach offers a lot of benefits to firms, especially small ones where owners and managers are required to establish good interpersonal relationships with staff members.
One such business is Benify, which uses a platform to assist employers in offering top-notch benefits and rewards while lowering benefits administration costs, automating procedures, dramatically improving the way they communicate their employee value proposition, and ensuring better data governance and cost control for benefits and rewards. The platform and employee app of this company’s award-winning solution, which is truly mobile, have completely changed how contemporary companies interact with their workforces. The extremely adaptable platform has extensive filtering features as well as a built-in data mapping tool. HR workers may quickly communicate with end users at multiple touch points thanks to the user-friendly communication engine. This enables their clients to guarantee tailored communication with their staff.
With thousands of customers and more than two million users worldwide, Benify currently provides the market’s top global benefits and complete rewards platform. The Benify solution assists employers in delivering exceptional benefits and rewards while lowering benefits administration costs, automating workflows, dramatically enhancing the communication of their employee value proposition, ensuring better data governance, and controlling benefit and reward costs.
Immersive Global Experience: By offering each employee a special, customised, mobile, and local benefit and rewards enablement, Benify offers an immersive and globally consistent experience.
Enhanced Employee Value Proposition: Your Employee Value Proposition (EVP), which is crucial for luring and keeping talent, goes hand in hand with an immersive international experience.
Automated Data and Benefit Processing: From onboarding to delivering data to regional insurers, carriers, and payrolls, centralise and automate how you administer benefit- and reward-related procedures.
Improved governance and less data risk: Automated data and benefit processing improves governance in data management and tracking, which lowers the risk of noncompliance with regulations like GDPR.
Management of Benefit Costs: Make better, wiser, and quicker decisions by instantly seeing and reporting your total employee offer and benefits enrollment in any location where you conduct business.
Truly mobile: It has a mobile solution. Utilizing the full capability of Benify’s platform, you can reach and engage your whole workforce while they are “on the move” or relaxing on the couch.
Platform for Total Reward
Pay is significant. But it doesn’t give the full picture. It’s critical that your staff feel valued and appreciated in the battle for talent that exists today. Making them aware of your entire investment is the greatest approach to accomplish this. According to Benify’s research, 80% of employees overestimate their total salary. Due to their ignorance, firms lose money on underutilised perks and run a higher risk of losing employees to companies where they assume they would receive better pay. Their platform is quite adaptable and has extensive filtering tools as well as a built-in data mapping tool. Administrators are able to quickly engage with end users at numerous contact points because to the robust but user-friendly communication engine.
Employees are exposed to an engaging digital visualisation of their overall reward through Benify’s Total Rewards Experience. Consider a comprehensive reward statement as an improved employee value proposition that highlights the genuine worth of an employee’s total incentive and compensation package beyond just his or her salary as a tool for both talent attraction and retention. Any adjustments to an employee’s remuneration, such receiving a bonus or signing up for a new benefit, are immediately updated on their Total Rewards Experience and connected to the Benify Communications Engine to provide targeted alerts and updates. To increase employee engagement, combine Benify’s Total Reward Experience with the communication engine and app.
The First Leader
Benify’s chief executive officer is Joakim Alm. He has a wealth of experience in sales, leadership, and platform development, with a focus on insurance, pensions, and employee benefits.
“Our award-winning platform and employee app have completely reimagined how contemporary firms interact with their workforces.”