10 Best Employee Discount Programs That Will Reduce Financial Stress In Your Organisation

May 9, 2022

10 Best Employee Discount Programs That Will Reduce Financial Stress In Your Organisation

With today's increasingly Millennial and Gen Z populated workspaces, it's important to offer great benefits and perks to working for your company in addition to a competitive salary.

Limiting and reducing financial stress is one of the top concerns for employees today. And what’s important to your employees is, or should be, important to you. By offering employee discounts exclusively for your workers, you can help your company stand out in today’s competitive employment rat race. 

Employees today particularly value discounts on big-purchase items such as electronics items, cars, and even homes. Employers can arrange these types of discount programs through partnerships with other companies. This is incredibly important given the rising cost of living and the fact that simply increasing salaries may not be within your company's ability. 

By organising discounts, you allow employees to get comparatively more bang for their buck.

Here is a List of the 10 Best Employee Discount Programs:

1. Perkbox

Perkbox is the perfect, all-in-one “employee experience” platform. It offers almost 1000 different perks and discounts in addition to a variety of HR and wellbeing services. Besides its ability to provide discounts in retail, hospitality, and entertainment it also offers healthcare and insurance management features.

Perkbox also has an employee recognition aspect that allows companies to monitor employee wellbeing through surveys, polls, and other methods hosted by Perkbox.

With today's increasingly tech-oriented approach to life, Perkbox is a great option when it comes to top-notch employee discount programs. Not only is it accessible through the web, but it also has an easy-to-use app so employees can access  Perkbox from anywhere at any time. 

2. Staff Treats

Simple, well-crafted, and comprehensive, Staff Treats is an employee discount platform that offers more than 3,000 perks from over 900 brands.

Employee Discount Programs
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Staff Treats promises to help your staff save money when it comes to various treats and luxuries in life which is guaranteed to boost your employee engagement. 

For companies with less than 250 employees, Staff treats is one of the best employee discount programs out there.

3. Reward Gateway

Reward Gateway is one of the biggest providers in the employee discount industry. In addition to various retailers, they also offer discounts on travel and wellness programs and services. They’re perfect if you’re a company that focuses on hiring, adventurous, go-getting employees. 

One of the major selling points of Reward Gateway is its modern, digital focus and user-friendliness. With a custom-tailored approach to working with your company, Reward Gateway offers Employer- branded mobile apps, and ready-to-use in-store and online vouchers which are perfect for companies that are looking to embrace 21st-century convenience. 

4. Ben

Ben has created an incredibly simple and intuitive reward and discount scheme which is accessible via their Thanks Ben MasterCard and app. 

In addition to traditional employee discount savings including up to 10% of all major supermarkets and 15% off other retailers Ben also enables employers to choose to offer benefits that are focused on their specific needs

What makes Ben stand out is its adherence to its core principles of employee-focused benefits, chosen by these employees within your parameters as an employer. 

In other words, your employees can decide what they’d prefer to have as a benefit.

5. Avantus Employee Benefits

Another great employee discount program provider is Avantus Employee Benefits (formerly known as Fair Care).  They offer more than 1,600 retailers ranging from online discounts, cashback vouchers and even monthly lotto draws and competitions.

Between discounts across numerous industries, a well-developed and thorough digital platform allowing security and ease of use, that simplifies the process of delivering staff discounts, Aventus can help your staff save hundreds to thousands of pounds every year.

6. Edenred Savings

As far as a pure savings-based employee discount program, Edenred Savings is one of the best options available. It provides an incredibly user-friendly way for your business to offer employee discounts. Edenred Savings offers everything from discounted cinema tickets, gift cards with big-name retailers, wellbeing perks to keep your employees healthy, and access to updated offers and flash sales.

In addition to that, they have a slick website with a great user experience-oriented design that makes accessing it easy and convenient no matter your device. And for the less web-based employee, they offer a handy app to allow you to take advantage of discounts on the move.

7. Highstreetvouchers.com

Highstreetvouchers is another amazing tool for employers when it comes to reducing employee financial stress. 

Through its Everyday Benefits scheme, employers can save employees money on shopping and leisure activities that are relevant to their day-to-day life. 

Their discounts apply to everything from Cinemas, Holidays from various tour operators over 4000 supermarkets as well as more than 20 000 high street shops. If used regularly, the savings on offer can add up to hundreds of pounds every year.

8. Lifeworks

Lifeworks offers a variety of programs and tools aimed at improving employee wellbeing as a whole. Lifeworks focuses on improving employees’ financial well-being with savings on everyday purchases as well as important life events, such as getting married, buying a home or car, and holidays. 

Employees can enjoy gift cards, in-store and online discounts, as well as cashback offers. Through Lifeworks, your employees save as much as £1,928 per year.

Featured Perks and Savings
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While they have incredible discounts aimed at helping employees save, it’s their holistic approach to employee wellbeing that makes them stand out.

9. Caboodle

Caboodle is a major player in the employee benefits game. They offer dozens of options when it comes to discounts that your employees will love.

From their MotorSave scheme which is designed to help employees save up to 13.25% on car maintenance to various other schemes including a Savings Club, and a Christmas club.

One of the perks of using Caboodle is their initiatives that aim at not only providing discounts but educating and informing employees about everything from financial planning and financial education.

10. Perkpal

With exclusive discounts on thousands of products and services, Perkpal is an amazingly modern provider with huge options when it comes to how you can benefit. From restaurants, cinema tickets, health clubs, holidays, and even the ability to provide major tax savings through salary sacrifice schemes, Perkpal has a lot to offer.

For HR teams, Perkpal also offers some great reward and recognition software. This allows you to provide your teams with rewards, utilise peer recognition and even use configured reward programs with different types of rewards.

Final Thoughts

With rising inflation, energy prices as well as a general rise in the cost of living, being able to help your employees stretch their money is vital. Employers are increasingly taking to services that offer discounts through various retailers because of how incredibly important discounts are when it comes to both rewarding and attracting top talent. 

While many think that employee discount schemes are just about getting a quick deal or treating yourself, this couldn't be further from the truth.

Employee discount schemes can help employees save in various aspects of life from everyday essentials that add up over time to become huge savings to discounts that help negate interest on big items like electronics, cars, and even homes.

The right scheme is always low-maintenance, low risk, and easy to implement. The right provider can help you offer an employee discount scheme that suits your employees down to the ground. The use of which are guaranteed to help reduce high levels of financial stress in your organisation.

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