Perkbox enhances financial wellbeing offering to help HR budgets go further
London, 9 April 2024: Perkbox, the award-winning perks and benefits platform, has continued to help businesses navigate the impact of the rising cost of living through a series of enhancements to their financial wellbeing offering. Already offering the most competitive discounts in the industry, Perkbox is now giving thousands of businesses access to free perks for their employees — at no extra cost to the business.
With figures showing nearly 13 million adults in the UK are struggling to pay bills, and over a third of employees are resentful at a lack of support from their employer, companies are under pressure to do more. However, the 'cost of doing business crisis' means budgets are more stretched than ever. Perkbox’s Flexi Perks offering allows them to give more for less. These give people regular access to a range of freebies — from coffees to takeaways to streaming subscriptions — helping them enjoy the moments that matter without worrying about the impact to their finances.
In addition to making free perks more widely available, Perkbox is helping companies make their recognition programmes more impactful by maximising the return on their reward budgets. By reducing the cost of points to employers and making purchasing more impactful and flexible for employees, HR teams can be even more confident in realising the full value of their programmes. Through the Perkbox platform organisations can build programmes that motivate staff and help them feel seen and supported. Employees can spend points on Perkbox’s catalogue of over 8,000 items in 100+ countries, providing maximum choice.
Perkbox CEO Doug Butler commented:
"Cost of living challenges continue for our clients’ people, and Perkbox is committed to providing support with enhanced solutions. Last year we raised discount savings rates to market leading levels, and now we are incorporating free Flexi Perks into our core offerings adding both a meaningful benefit to employees and driving market leading platform engagement. We will continue to listen intently to our clients and our users while increasing innovation and investment in our impactful solutions."