The benefits program is one of the most important components in an organisation to attract, motivate, retain and engage their employees. A ton of literature can be found regarding this.
Benefits form an integral part of employee value proposition. Employers often spend around 20% of the payroll for employee benefits. But the way these benefits are structured and delivered to the employees haven’t seen a change for the last few decades.
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Are you using paper-based coupons or vouchers for your Employees? Have you considered using a digital payment solution for the same? Digital payments account for 22% of all transactions in India. About 15% of Companies within India have opted for Digital Payments to issue the popular tax saving Meal Vouchers.