Sodexo Multi-Benefit Pass For 100% Paperless management Of Employee Benefits
Whether you classify as small, medium-sized or large enterprise, your employees are the most valuable asset as they’re the pillar of your business. That is why keeping your employees happy and satisfied is one of the essential aspects of running your business effectively. And when it comes to the key way to do so, providing excellent employee benefits top the list.
Importance of Employee Benefits
Employee benefits are perks in the form of non-financial compensation provided by organisations to employees. Some of the most relevant benefits include travel, fuel, clothing, telecom, meals, retirement benefits, profit sharing and medical insurance. Providing employee benefits in India is one of the smartest choices you can make for your business’s growth as it serves as a win-win arrangement for your company and employees.
Here are three reasons providing employee benefits is considered important:
1. Improves Engagement and Productivity
Providing a competitive and enriching benefits package helps to boost employees’ morale and improve engagement. It makes them feel valued, and hence they become more present and efficient at workplaces.
2. Increases Loyalty and Retention Rates
In a highly competitive job market, employee loyalty is decreasing. Employees don’t make their decision to stay with an organisation based on financial performance but how the company treats the workforce. The right benefits will help boost employees’ loyalty towards your organisation and improve retention rates as well.
3. Improves Attendance
Employee benefits help improve attendance in a variety of ways. The main reason for absenteeism is observed to be health issues, finances and family commitments. If you give access to exemplary health benefits to your workforce, they’re less likely to not show up to work.
Paperless Management of Employee Benefits
Going paperless, not only benefits employees with quick processes, but the organisation also saves a lot of money and results in high security of data management. Hence, it is a preferable goal for many organisations to go paperless.
The traditional way of filing for employee benefits is a time-consuming task, especially when the size of the organisation is relatively big. Hence, it becomes difficult for the finance department to cover benefits and other expenses. In this case, Sodexo India, one of the pioneers in delivering quality life services serve as a helping hand with the innovative and flexible solutions, Multi Benefit Pass.
In the present case scenario, Sodexo BRS, India’s №1 Employee Motivation & Benefits Services provider, is a partner to over 11,000+ HR Leaders. Hence, with the help of Multi Benefit Employee Card, you can embrace digitisation and bring expenses, claims and benefits on a single digital platform. Furthermore, the employee benefits solutions can be customised to meet the specific needs of your organisation and help develop your best-motivated workforce.
The card eliminated the need for carrying multiple cards and offers exclusive offers and tax savings. Moreover, it extends more freedom of choice for your workforce with 36 lakh Rupay outlets for availing non-meal benefits and 1 lakh Sodexo-affiliated outlets to purchase food and non-alcoholic beverages.
The unique solution, Multi Benefit Pass is a first of its kind as it helps segregate meal and non-meal allowances while ensuring 100% compliance for HR Professionals and Finance teams. Thus, Sodexo Group provides unparalleled employee and organisation support.
