Why should I offer a beny lifestyle benefit account to my employees?
There are so many reasons, here are just a few:
- Lifestyle benefit accounts with Beny are a unique and fun benefit that will help build an awesome culture and better attract and retain top talent.
- Beny can be budget neutral. Contact us and we’ll show you how.
- Beny works on any size budget.
- There are no long-term contracts, per employee per month fees or set up fees. We charge a modest transaction fee.
- Beny allows you to create wallets that direct benys into specific categories. For example if your company culture is big on travel and wellness, you could create a travel/wellness wallet and contribute funds there so that employees could use those funds only for experiences/services that relate to travel and wellness.
- Beny takes all the hassle out of managing your company’s lifestyle benefits.
- Beny will work anywhere your employees live; eliminates FOMO for your remote workers; builds culture and enables benefit parity.
- Beny can be used by your employees’ family members thus endearing their spouse to your company.
- Beny will help you recruit top talent; even use it as a negotiating tool since there are no discrimination rules preventing you from contributing more benys to key employees.
- Beny quickly becomes your employees’ new favorite benefit thus helping you better retain your top talent.
- Beny shows your employees that your company cares about their life outside of work and not just during business hours.
- When employees use their benys for amazing experiences and life-changing services they will feel gratitude and loyalty towards your company.
- The Beny app is so easy to use and on-going administration is a snap. Simply add new employees and inactivate old ones.
- Beny is simple to implement; add employees, set a contribution, done.
- Get reports showing which lifestyle benefits matter most to your people.
- Get reports proving that beny is benefiting all your employees.
- Never waste money on lifestyle benefits again. Every dollar you spend on beny is maximized since it’s the employee choosing what benefits them most and not their employer (top down vs bottom up).
- Beny will benefit all your employees no matter their age or interests.
- You can make one-time contributions to employee beny accounts for rewards, incentives, and bonuses.
- Benys are worth more than money since they are used exclusively to level-up the lifestyle of your people.
- For more reasons to use Beny, please contact us.
What’s the implementation process like?
There are three easy steps to getting started with Beny:
- Create an account (contact us to get started)
- Create your plan(s)
- Add employees
It’s easy to set up, maintain and use.
What are benys worth?
One beny is worth one dollar.
How do I use my benys?
- Find an experience or service provider on the beny app (Android/iOS).
- Purchase the service or experience using your own cash or card directly with the provider and take a picture/screenshot or hold on to the receipt.
- In the beny app, upload or take a picture of your proof of purchase. If approved (usually less than 2 hours), you’ll receive a cash reimbursement into your bank account within 1 to 2 business days (excluding federal banking holidays).
Where can I use my benys?
Beny has a vendor network of over 1 million memorable experiences and life-changing services worldwide.
Why can’t I use my benys to purchase products?
Research has proven that experiences and services are worth more than the money/benys you pay for them compared to buying things. Investing in your employees’ experiences will increase their happiness and loyalty.
Spending on experiences versus possessions advances immediate happiness
Why experiences are better than things
The science of why you should spend your money on experiences, not things
The Science of Travel & Happiness
New study finds most consumers prefer experiences over things
The secret to happiness? Spend money on experiences, not things – Forbes
Do I need to give Beny my personal bank account information?
Yes, employees are reimbursed cash directly into their bank accounts. We use Stripe to collect and store all banking information. Stripe uses the highest level of security to safeguard your information. Beny will only deposit cash into your bank account; never pull it.
How does the employer make contributions to employees’ beny accounts?
The organization will elect to contribute benys on a monthly and/or ad hoc frequency (rewards/incentives). Beny will automatically draft that contribution amount from the organization’s bank account and then deposit benys into employee beny accounts.
How much should an employer contribute to an employee’s beny account each month?
Employers can choose to contribute any amount to their employees’ beny accounts.
Can Beny be used for bonuses, rewards, and recognition?
Yes! Beny allows organizations to make one-time contributions into employees’ beny accounts. Our clients give benys to their employees for work anniversary gifts, awards, recognition, incentives, and bonuses.
Can an employee choose to limit reimbursement to a specific category?
Yes! Employers have the option to configure “wallets” that allow them to contribute benys to employees for a specific category (travel, home, personal care, wellness, food, auto, experiences…). It’s simple to set up and maintenance-free. Please contact us and we’ll show you how it works.
What does it cost?
Beny charges a small transaction fee. Simple. No setup fees, no contracts, and no upfront fees. Employer contributions to beny accounts can be budget neutral. Please contact us and we’ll show you how.