Blog Archives - PerkSpot

PerkSpot’s 2022 Midyear Digest

Max Goldenberg June 16, 2022

January Through June Client Success Roundup

It’s hard to believe that 2022 is already halfway over. But even so, the blazing summer skies here in Chicago are perfect for PerkSpot’s sunny entrance into the year! The first half of this year has had more amazing partnerships than ever before for this midyear PerkSpot Digest. In total, twenty-five new clients partnered with PerkSpot across Q1 and Q2 2022, offering best-in-class discounts to their employees. Following over a dozen industries, our new clients range from mid-size enterprises to universally known top brands. Regardless of size or industry, we’re proud to provide our easy-to-use, white-glove service for all our new clients!

In 2022, we added new major clients in the fields of manufacturing, retail, healthcare, food and beverage, transportation, and more. We’re especially proud to highlight a few examples of the diverse clients PerkSpot’s personalized discount programs can add value to. So take a look at some of our newest success stories in the making:

Wow Bao – Offering Asian street food in over five hundred locations across the country, Wow Bao is an American food industry staple with their distinctive steamed buns.

Forever 21 – Based out of Los Angeles, Forever 21 is a top American retailer offering fast fashion options for American shoppers across the country.

3M – A multinational innovation powerhouse, 3M sports over 100,000 manufacturing patents including adhesives, PPE, medical equipment, office supplies, and more.

MoneyLion– An innovative new way to bank, MoneyLion offers thousands of customers easy options to borrow, save, invest and earn in one all-inclusive financial app.

Sanford Health – Sanford Health is the largest health system in the Rural United States, a nonprofit headquartered in Sioux Falls. Sanford operates a global healthcare presence with an emphasis on pediatrics, cancer, heart, sports medicine, and women’s health.

Michaels Stores – Michaels is one of North America’s largest providers of arts, crafts, framing, floral and wall décor, with over one thousand arts and crafts stores across the United States and Canada.

We’re excited to serve our newest clients; always with the same attention to detail and enthusiastic, human-centric approach that PerkSpot has become known for! And especially if your organization could benefit from exclusive, custom discounts, we’d love to have you schedule a demo today to start the conversation!

Providing Benefits to a Multigenerational Workforce

Max Goldenberg June 3, 2022

Having a wide diversity of ages in your organization comes with a lot of benefits. As with many other kinds of diversity, a wide range of generational representation is a driver of innovation, offering varied perspectives on issues by combining older generation’s specialist knowledge with younger professional’s innate understanding of modern technologies and changes. Benefits aside, a multigenerational workforce multiple generations represented in the workforce is a near unavoidable reality as baby boomers begin to step back from top-level positions.

But multi-generational workforces also come with their own challenges, including:

A wide range of values and beliefs can cause differences in priorities
Significantly disparate communication styles and preferences
Wide gaps in desired perks and benefits

Diverse Generations with Diverse Values

Differing perspectives and values means different needs, and what a young professional is looking for from their benefits package is vastly different from what more senior employees need; knowing the difference and being able to account for the diverse needs of multiple generations of employees is key to crafting an employee-centric benefits experience.

The benefits valued by older generations tend towards traditional cornerstones such as 401k matching and supplemental health insurance. Younger generations, such as Millennials and Gen-Z, tend to value wellness initiatives and benefits that give them time back in the day. But there’s a surprising degree of overlap between emerging benefits that workers of every age are pining for, such as flexible work options, training and development opportunities, and smaller, personalized perks, from shuttle services to discounts on dry-cleaning.

The generation gap isn’t as steep as it might appear. When you get right down to it, it’s about people. Your employees are distinct individuals with individual needs that simply can’t be standardized.

The Employee-Centric Benefits Experience

Fortunately, you don’t have to standardize at all. Instead, account for differences by focusing on benefits personalization. Employees of all ages agree that flexible work options that allow them to work on their own schedules are critical; and you can take your multigenerational benefits a step further by partnering with PerkSpot. Our breadth of potential savings is uniquely positioned to cater to diverse workforces, with thousands of discounts available across dozens of industries! We offer meaningful benefits targeted at and personalized to the unique needs of every individual employee.

And that’s the core of an employee-centric benefits experience; offering the perks that each individual really cares about, no matter how unique! By focusing on perk personalization, you can provide an employee-centric experience. Personalized offerings will help celebrate the rich diversity of your workforce – generational or otherwise. From flexible work options to regular wellness initiatives, you’ll want to target your benefits around your workforce’s distinct concerns. As you do, PerkSpot can help get started with a benefits experience centered that’s unique to your equally unique employees; Request a Demo to learn more today!

PerkSpot Named Amongst The Fastest Growing Companies In Chicago

Courtney Shipshock May 25, 2022

PerkSpot has been named to the 2022 Crain’s Chicago Business Fast 50 List for the third year in a row. Each year, over one hundred applications from a variety of industries are submitted. With only 50 making the cut as Chicagoland’s most rapid growing companies, competition is stiff.

Founder and CEO, Chris Hill launched into the HR technology space when he founded PerkSpot in 2006. What began as a small company with a big vision has evolved into the successful PerkSpot that we know and love today. We continue to change the lives of employees at more than 1,000 businesses around the world, all with the goal to build a better place to work. Without a doubt, we are proud to be a thought leader in the human resources space, creating new and valuable ways for employers to provide financial wellness for over 20 million employees with an attitude of humility, generosity, and gratitude.

“As we continue to expand, it’s important to acknowledge that growing a business is by no means easy. We continue to learn important lessons and make exciting progress towards the goals we have set. Above all, none of it would be possible without each and every PerkSpotter.”

– Chris Hill

To see the full list of 50 companies in alphabetical order, visit Crain’s Chicago’s Business.

Interested in being a part of the exciting growth? Visit our careers page to apply today.

3 Simmering Ways to Make this Summer Special

Max Goldenberg May 19, 2022

With temperatures rising and flowers once more in bloom, we’re all breathing a sigh of relief as we finally head out of winter. But it might be a surprise that Summer is just around the corner! Dust off that company grill and get a head start on summer plans at the office with these three tips from PerkSpot!

1) Normalize Vacations for your Employees this Summer Break!

What would Summer be without Summer Break? Remind your employees that it’s getting close to the best time of the year to kick back and take a break. Encouraging regular vacations is an excellent way of sponsoring a positive culture!

The warm weather is perfect for finally making use of saved-up PTO, so encourage employees to use their time off and managers to lead by example. If you do, you’ll see a healthier and happier workforce – especially with a discount program to help employees save on all their vacation needs! Travel and vacations are one area where PerkSpot can help employees save armloads. With savings on everything from the flight to the hotel to the restaurants, PerkSpot can make vacations stress-free. If you’re interested in hearing more of the benefits PerkSpot can offer to employees, sign up for a demo today!

2) Use the warm weather to encourage wellness initiatives!

Healthy employees are happy and productive employees – it’s no surprise that physically and mentaly healthy employees call in sick less and show improvements in both focus and productivity. So why not introduce some health and wellness programs now that it’s finally feeling good to get outside? Biking is a fun and healthy way to see the local neighborhood and even city in a whole new way. Why not take steps to encourage it as the weather warms up?

Try setting up a bike-to-work challenge, for instance! Offer employees rewards for taking healthy transportation options rather than car or bus. For remote workers, virtual meditation sessions or community exercise (yoga or pilates are perfect) can be a great way to encourage employees to get moving! By starting positive health initiatives during this summer, you can help fuel healthy living year-round in employees. Healthy employees are happy employees, and you’ll see productivity boons as a result!

3) Focus on building a community with regular Summer events!

Ultimately, you want your work environment to feel like a community. Warming temperatures mean the perfect time for challenge courses or outdoor barbeques! While in-person events can be a great bonding experience, always be sure to consider your remote teams as well. Incorporate regular virtual events into the calendar, so those working from home can be part of your company culture! From trivia nights to beach parties, there’s no shortage of community events that can spice up your schedule.

Planning summer socials can help bring your whole organization together, and create a feeling of solidarity between teams; not to mention how much fun you can have with it! Hosting regular social gatherings, including virtual events, makes it much easier to maintain morale, especially amongst extra-motivated employees. Help cultivate a positive company culture while strengthening morale with some new event series this Summer!

This Summer is the perfect time to spice up your workplace with new events, healthy habits, and light-hearted socials. These help HR departments foster satisfied employees at both the enterprise and team level! With new social programs, encouraged vacations and an authentically upbeat attitude this summer, you can reduce turnover and encourage employee loyalty through the simplest means possible – making your organization an amazing place to work.

Faith & Spirituality Also An Important Part Of Workplace Inclusion

Courtney Shipshock April 28, 2022

A unique calendar alignment has occurred this year that only takes place approximately every 33 years. Easter, Passover, and Ramadan have overlapped, bringing a convergence of reflections for these communities. To recognize this, the PerkSpot team came together to discuss. The focus was around how faith & spirituality influences who we are and how we work. Our conversations included personal stories and breakout sessions. Both designed to unlock conversation on a topic that is often ignored or overlooked in our workplaces.

Diversity, Equity, and Inclusion

Discussing faith and spirituality can be a daunting and sensitive topic. Our beliefs are a core part of our identity and employees feeling excluded or unrecognized can be detrimental. Faith & spirituality, whether observed or not, is often highly influential in informing who we are, the choices we make, the way we interact, our aspirations, and our values. When considering DEI efforts, we think you should find opportunities to affirm the important role that faith plays in how your employees contribute in the workplace.

Recognize Your Employees Beliefs

It’s important to recognize and offer time away to practice each individual’s traditions and practices. Offering an open vacation policy or flexible scheduling allows employees to take the time to fully immerse in their practices.

Nadir Mian, Graphic Designer at PerkSpot, shared, “At companies with a designated limit to PTO, some people have to use their vacation for their religious holidays whereas others have time off for their religious holidays built into their schedule. Although accommodating for every religious holiday may not be feasible, extra days on top of the allotted PTO time should be available to those who witness religious holidays that don’t fall under the traditional corporate holiday schedule.”

Another way to recognize your employees is by holding company-wide events or smaller breakout groups. It allows the opportunity to reflect, discuss, and participate in sharing personal stories when comfortable. We don’t advocate discussions that compare or contrast belief systems. But rather, allow employees to share how faith has influenced who they are, their life experiences, and what’s important to them.

We encourage you to use this unique overlap of traditions as a reminder to recognize your employees’ differences in beliefs. Offer a safe, open working space that allows for exploration and recognition.

Mayo Clinic Centralizes Their Discount Program

Courtney Shipshock April 21, 2022

Mayo Clinic is home to 73,000 employees with major campuses located in Rochester, Phoenix, and Jacksonville, with smaller satellite locations across the country. As one of the top healthcare providers in the nation, patients from around the world travel to Mayo Clinic seeking top-notch care. With employees located in different regions, Mayo Clinic was in need of a discount provider that could bridge the gap in their discount offerings.

Prior To PerkSpot

Mayo Clinic previously had their own discount portal but it was a heavy lift to manage and had strict requirements. To be listed, vendors needed 3+ years as a business, 20% discounts or higher, and needed to commit to a year of service. This criteria made it difficult to secure offers and the management of the program was difficult.

Conversely, PerkSpot manages the program for you with a team of client success managers ready to help. We devise engagement strategies, create marketing materials, and more. Additionally, Mayo Clinic’s previous discounts were based on their Rochester location making it difficult for employees elsewhere to benefit.

“We wanted to not only have our employees at Rochester have discounts, but everybody at Mayo Clinic to have discounts”, shared Betty Smith, Employee Purchase Program Coordinator. In 2015, Mayo Clinic made the decision to partner with PerkSpot. Since then, on average 11,500 employees have saved on a monthly basis. With a direct link from their employee intranet, the mobile app, and email communications, saving is easy.

Decreased Turnover Rates

The healthcare industry has seen staggering turnover rates with 19.5% in 2021, a 1.7% increase from the previous year. HR Professionals are being challenged to improve employee morale and decrease employees leaving. In addition, rising inflation and wage pressures are only adding to the challenge. “By having PerkSpot, it gives us a competitive advantage over our competitors that don’t offer comparable discounts to their employees.”

Supporting Local

One feature Mayo clinic has utilized is PerkSpot’s “Suggest a Business” tab to recommend local vendors. “The suggest a business functionality is great for adding additional discount opportunities for our staff. The more the merrier.” One example Mayo Clinic suggested was a local nail salon in Rochester. Following the suggestion, our team secured an exclusive offer for employees to start utilizing in their discount portal.

In addition to local discounts, employees are saving on hotels, groceries, events, and more. In 2022, Mayo Clinic’s most popular savings have included travel discounts along with savings on Apple products.

With the current environment and challenges over the past year, PerkSpot can be the solution you need to reduce turnover and set yourself apart.

Dealing with Burnout as an HR Professional

Max Goldenberg April 7, 2022

In today’s competitive candidate market, life as an HR professional has never been quite so exhausting. Being forced to chase after candidates in the age of work from home and tremendous employee freedom has meant a difficult balancing act between providing appealing, top-quality benefits, managing cost efficiency, and negotiating employee concerns – all while dealing with the fallout of a global pandemic. It’s no wonder that burnout is skyrocketing at HR departments all over the country – but there is a better way. And with World Health Day officially starting today on April 7th, there’s never been a better time to help your department get physically and mentally healthy!

42% of Human Resources teams report feeling overburdened with projects and responsibilities. And on one hand, this is something that should be taken up with management; when HR teams are simply too small or too overworked, there needs to be discussion about expanding Human Resources or offloading responsibilities. But a second, equally important aspect of this equation is learning to deal with burnout individually. And for that, we should first understand what “burnout” really means.

When we talk about burnout, we’re talking about the feelings of dread and exhaustion that rise up when we’re forced to do demanding, repetitive work. It’s the sense of doing tasks purely out of obligation, no longer believing they have any real impact. And the first step in re-gaining your passion is to re-gain control over your schedule.

Set Boundaries

The first step of assessing burnout is setting boundaries. It’s important both personally and professionally to be able to step away from work communications; for instance, turning off Slack and email past six-o-clock. Sticking to a routine that clearly separates work from life is fundamental to having a good work-life balance. Even if you’re on-call for emergencies, emergency should never mean every night, and if they are, then that’s a conversation you need to have with management.

Build Strong Communication Habits

Fostering good communication with management and the executive team at your workplace is another important aspect of managing burnout. That’s because burnout isn’t all about stress, but also lacking a sense of agency and value in what you do. When you feel you’re doing “meaningless” work, or don’t have control over your own schedule, burnout is far more intense. Prioritizing valuable work and setting firm boundaries on your own schedule is often a necessary step in managing burnout.

Break your Routines

More than boundaries, you’ll also want to start breaking your routines. While routines can provide a comforting sense of normalcy in our lives, they can also become trapping. If you notice you’re performing the same tasks in the same way over and over again, then it’s time to find something new. Maybe it’s as simple as switching up your morning routine, maybe it’s taking a new route around town, or maybe it’s shifting into a new aspect of your department’s operations.

Discover Personal Stress Management Solutions

Finally, there’s the most traditional (but still very important!) part of dealing with burnout – personal stress management. Exercise and meditation are the two most common methods, but it’s important to find what works for you; whether it’s walking your dog, paddling down canoe trails, or simply taking five dedicated minutes to focus. By understanding your stress and mentally moving on, you can take control back from your emotions.

Properly managing burnout requires breaking negative feedback loops, getting excited about work, and learning to manage stress. While that’ll require a lot of personal initiative, there are some tools that can help manage burnout stress.

One area you can cut down on stressful micromanagement is with PerkSpot’s single stop benefits platform, which offers countless diverse benefits for your diverse employees. With a suite of discounts at their fingertips, PerkSpot provides employees with the resources they need to cope with stress and burnout – whether it’s deals on ergonomic office chairs and gym memberships or complete getaway vacations to exotic destinations at a discount, schedule a demo today to learn more about the ways that PerkSpot can be a powerful burnout-burning resource for your organization this World Health Day.

Using Clear and Open Communication to Build Better Business

Max Goldenberg March 31, 2022

Thought leaders, motivational speakers and executive strategists alike continue to stress the crucial importance of quality communication for business success, regardless of industry. But at first glance, it looks like they’re just advocating for the obvious; after all, who really needs a guide on how to communicate? If there’s anything that comes natural to us, it’s the ability to communicate what we’re thinking and feeling to other humans, right?

Well, yeah. But when we put communications in the context of massive operations spanning dozens or even hundreds of corporate employees, things can get a lot more complicated, very fast.

The most important thing to remember about quality office communication is that more meetings does not equal better communication. In fact, the opposite is true; the more concisely you are able to express your ideas to the rest of the team, the more clear the final message will be. Don’t just set up dozens of meetings with every employee or invite everyone to technical meets where most won’t have anything to contribute; instead, seek to partition employees into areas where their specific strengths and experience can be leveraged, and only bring them into the loop when their insights will provide some momentum to the larger conversation. To avoid falling into the trap of scheduling meeting after meeting to communicate your intents, remember the three E’s of employee communications; Explain your motivations, manage your Expectations, and lead by Example.

The Three E’s

Explaining your motivations seems obvious, but it’s easy to forget in the heat of meetings! Even though a plan might be perfectly clear in your mind, employees can’t figure out what you’re thinking unless you tell them. If you have a specific vision in mind for an element, it’s essential that you clearly explain that vision right off the bat; don’t just tell your employees that you need a flier, explain how you envision it being used and what audience you want it to hit. Remember that just because you see things a certain way doesn’t mean that everyone else will have the same assumptions!

Managing expectations is the second key step of fostering quality communication. Although it’d be nice to be able to perfectly communicate exactly what you need on the first pass, every time, it rarely works out like that in reality. If you’re returned something that doesn’t match up with your expectations, it’s important to not get frustrated. Instead, try to identify what exactly it was that the other party misunderstood; often, small differences in envisioned use can create significantly different final results. By pinpointing the miscommunication, you identify the root cause of the issue rather than trying to provide touch-ups to the minute details.

Finally, you should strive to lead by example. Making visual aids or other active resources can help enormously in presenting a unified vision on a project, or offering employees a skeleton framework for ideation will keep them tethered to the core concepts you outline. By actively involving yourself in the process in these ways, you can reduce miscommunication enormously and course-correct through showing – rather than telling at a barrage of circular meetings.

Building Effective Communication Structures

Clear and precise communication is also part of what makes PerkSpot such a breeze to use. As a one-stop discount platform, PerkSpot communicates on your behalf to your employees, making them aware of and engaged with their benefits. To learn more about how PerkSpot’s discount program can help boost morale and benefit employees, request a demo and find out!

Hopefully with these tips in mind, you can help make your workspace a less confusing and more productive environment. As long as you remember that honest, open communication is key to any successful business, you’re sure to see the results.

Provide All Things Travel Affordably in One Place

Courtney Shipshock March 11, 2022

For many of us, travel is a part of our everyday life. Whether it be a planned vacation, a business trip, or a journey to see family, traveling isn’t going anywhere. The dreadful part of traveling? The expenses. With employees showing an increased interest in alternative benefits, offer an option that goes the extra mile, providing all things travel affordably in one place.

Why Travel Is Import For Employees

Boosts Productivity

Time spent away from an employee’s normal working environment boosts productivity and morale, equips employees with management skills, benefits the job market, and is good for overall health.

Company Loyalty Improves

Retention is an ongoing concern amongst businesses. Travel allows employees to take the needed time to rest, visit their loved ones, and return less stressed. Studies have shown that when employees return from holidays, they are happier for weeks afterward. Maintaining a happy workforce will help maintain employees long term.

Improves Health

Traveling has been shown to improve health, both mentally and physically. According to Forbes, taking vacations can lower men’s risk of death by 21 percent and mortality from cardiovascular disease by 32 percent. Not only that, but travel has been linked to stress reduction and can alleviate symptoms of anxiety and depression.

Offer Employees Savings On The Necessities

We’ve covered why travel is important, but what’s next? As we know, a lot can go into planning a successful journey. Packing luggage, buying airfare, confirming reservations, and securing rental vehicles are just a few of the necessary boxes that need to be checked prior to departure. With a discount program, you can offer your employees savings on all of the necessities in one, easily accessible portal.

Meet PerkSpot’s Travel Discount Center

One of the unique benefits that is part of partnering with PerkSpot is access to the Travel Discount Center. Within the portal, employees can search destinations and access exclusive savings on hotels, flights, rental cars, and cruises worldwide. In addition to transportation and lodging, PerkSpot provides your employees with steep savings on luggage, entertainment, restaurants and more.

Traveling has a variety of benefits but comes with a cost. Help your employees affordably travel with ease with an employee discount program. Interested in learning more about the value these programs provide? Check out our e-book and get in touch with us!

The Importance of Employee Appreciation Day

Max Goldenberg March 4, 2022

Employee Appreciation Day is finally here, and we’re excited to share some advice on making the day special for your employees!

Make no mistake – Employee morale is crucial to the success of your business, regardless of industry. That’s why Employee Appreciation Day is so important, serving as a yearly reminder to treat employees with respect for their hard work and build up the people that make your business special. But if you missed it this year, don’t fret! Employee appreciation is a year-long commitment, not a single-day celebration; it’s never too late to show your employees how much they matter to you. But how important is showing appreciation to employees, when you get right down to the numbers?

Incredibly. Employees who feel appreciated within their organization consistently work harder and more efficiently, both reporting and recording higher returns that scale proportionally to their sense of value in the office. According to the American Psychological Association, feelings of value directly translate into higher productivity, regardless of associated industry. A sense of being valued within the business also has a positive impact on employee wellbeing more broadly, with those who feel valued reporting higher levels of work-life balance and employment satisfaction, even with all other relevant factors kept static.

How does Employee Appreciation affect turnover?

There’s good evidence that employee appreciation is the most important, or at least one of the most important factors in employee retention. A study from the Harvard School of Business found equity, recognition of achievement, and a sense of camaraderie as the three key elements of ensuring high employee motivation, all of which are strongly tied to a sense of employees feeling valued and appreciated. These factors directly correlate to rate of retention.

Considering positive workplace culture increases both productivity and employee retention, it’s easy to see how cultivating a feeling of appreciation amongst employees can lead to direct, significant benefits for your business. Most importantly of all, however, is that employee appreciation cultivates a generally positive work environment, which, in turn, creates a positive feedback loop that encourages good work culture. When employees feel comfortable and safe with their co-workers and managers, every measurable aspect of their work (and indeed often their lives outside of work) significantly improves. While an honest and positive environment also serves as a safeguard against negativity and factionalization that can turn workspaces hostile and severely impact employee morale, job satisfaction, productivity, and retention.

Using Employee Appreciation Day to build a Healthy Work Culture

With all this in mind, making employee appreciation day a part of your workplace schedule can be a great way to show your employees that you care. But ultimately, it’s the little things adding up that build a conducive and healthy atmosphere – even down to simple little matters like remembering to say thanks after an employee turns in something they’ve worked hard on. Small trinkets and signs of appreciation can go an incredibly long way. It’s rarely the dollar value that matters, but instead the fact that you’re putting in thought to show you care.

PerkSpot can help make recognizing your employees easy, giving you a wide selection of customized gifts to make your employee’s days a little brighter – but from gift-giving to a simple heartfelt thank-you, there’s any number of ways to show you care about your employees. How you choose to foster a positive work environment is up to you, but both your employees and your bottom line will thank you for doing so!