Employee Benefits ‘The Way Forward’

Employee Benefits ‘The Way Forward’
It Matters When Employees Are The Backbone Of Your Business. Learn how Employee Benefits could help you ace

1. It Matters When Employees Are The Backbone Of Your Business

There was once one company for a lifetime where employees and crew worked in full throttle - while feeling valued and rowing in the same direction. There was an era where employees and employers were considered each other’s most valuable asset. Companies are excelling in today’s talent war out-perking each other and finding ways to adapt to the shift in power.  Organisations used to display strong bonds between the employer and employees giving employees what they want, while focusing on employee productivity, happiness, and success. With one-employer careers almost non-existent, organisations strive to compete and thrive in a highly competitive, global economy that needs all the members of their 

2. From Baby Boomers to Millennials … 4 Generations 4 perspectives

Back in the late 70s, elaborate cafeteria plans emerged. Today, the countless traditional and non-traditional options available

have morphed these simple cafeteria plans into what now resembles an expansive buffet

Traditionalists (Ages 55+)
(Ages 55+)

Traditionalists (Ages 55+)

"Honest day's pay for an honest day's work.”They value most job titles and money the most. You don't see many of them in the workplace. However, they still impressively make up around 1-2 percent of the workforce. 


Baby Boomers (Ages 45-55)
Baby Boomers
(Ages 45-55)

Baby Boomers (Ages 45-55)

Financially unprepared for retirement, hence value salary level,health insurance, and a retirement plan.

Generation X (Ages 30-45)
Generation X
(Ages 30-45)

Generation X (Ages 30-45)

Value salary level, a 401K plan with matching benefits, job security, advancement within the company, and opportunities for work-life balance.

Gen Y / Millennial (Ages 20-30)
Gen-Y / Millennial
(Ages 20-30)

Gen Y / Millennial (Ages 20-30)

Value benefits choices, paid time off, ability to work remotely, telecommuting, and a great deal of flexibility are anxious to leave/ explore avenues in the lookout if unsatisfied.

3. Where's all that Money Going?

Where's all that Money Going?
Money comes and goes.. But where does it go???

Groceries, housing, utilities, health insurance, car payments, and insurance. Which part of an employee's salary goes for what?

An issue that a deep breath can't clear away. Decision fatigue is the deterioration of one's ability to make good decisions after a long session of decision making. It helps explain why ordinarily sensible employees get angry at colleagues and families, splurge on clothes, buy junk food and can’t resist the dealer’s offer to rustproof their new car. No matter how rational and high-minded they try to be, they can’t make decision after decision without paying a biological price which in turn affects their personal and professional well being.

4. A look into the 50% | 30% | 20% Budgeting Rule

Average salary spends

5. Employees are Slammed with Financial Stress

Employees are Slammed with Financial Stress

Money causes the most stress in the lives of almost 60 percent of employees, according to the latest report by PwC. It was the top choice for life stressors across all generations, well ahead of issues with jobs, relationships, and health. More than 30 percent of employees say their health has been impacted by their financial worries.

Less focus on career and personal goals, inability to communicate effectively in turn leads to absenteeism and lack of productivity. Financial stress can affect employees at any income level - it’s not how much you make, it’s what you do with what you’ve got.

6. Workforce implications

Employees spend an average of 13 hours per month worrying about personal finances at work.

Workforce implications
Source: Mercer's 2017 Inside Employees' Mind Survey

7. Can Employers go the extra mile?

While employers realise they need to play a role in helping their employees succeed inside and outside of work, they may struggle with finding the best ways to address — at scale — the fact that each employee has his or her own needs and challenges. While managing and providing adequate health benefits is important for employers, it can also be one of the biggest investments as well as a challenge. ekincare, our employee health benefits partner discusses how HR Leaders can overcome challenges in employee well-being programs.

Benefits packages are the way to go about

Benefit offerings an employer can provide their employees can be more impactful in several ways compared to just offering a higher salary

Benefits packages are the way to go about

8. On the lookout for a Financial Stress Buster?

On the lookout for a Financial Stress Buster?

Maintaining employee happiness is a significant challenge in the modern workplace. Skipping meals, extended work hours, dealing with deadlines and staying up late has increasingly become the novel workplace trend. Though it sounds like an interesting model of working hard or being productive, it leads to an unwise approach towards work life balance. Additionally, when an employee goes paycheck to paycheck, the financial turbulence is felt at its peak towards the end of the month. A deep dive into a Financial wellness program is more than just a cool employee perk that an employer can offer. It’s an effective way to ensure your employees are in the right shape to do their best work. Money equals emotional security and freedom. When financial stress starts to kick in, it causes anxiety, stress, insomnia and other wellbeing issues which have a direct impact on an employee's ability to function at their usual capacity at work. Employers are exploring the need to take the lead in supporting their employees’ financial wellbeing—and enjoy the rewards of a financially fit workforce.

9. Benefits as a key driver to happiness at work

While it is helpful for employers to understand their employees’ sources of stress, it is equally vital to understand their sources of happiness.

Yet, a salary increase can only incentivise staff so much — a positive work environment, training and benefits all come into play when it comes to thriving in the workplace. That’s why a broad set of benefits can play such a crucial role in building a happy workforce.

Benefits as a key driver to happiness at work

10. “ I Don’t Care About The Employee Benefits The Company Has ” Said Nobody Ever.

 I Don’t Care About The Employee Benefits The Company Has ” Said Nobody Ever.

Offering a competitive salary combined with benefits and perks can be a winning combination, fostering improved work habits and reducing employee turnover.

Benefits tend to drive employee engagement while providing a sense of security, encouraging workers to stay on the job, even during tough times.

Employee benefits are an important part of any compensation package. Benefits help an employee feel taken care of in multiple aspects of their lives by helping them manage the cost of healthcare, plan for their financial future, and enjoy an overall higher quality of life. When your employees feel secure and taken care of, they perform better and stay at a company longer. This creates a more positive work environment, helping companies better achieve their goals. In short, the importance of employee benefits is that they keep your employees happy and make your company more successful.

11. How Perks contribute to Happy Employees

HowPerks contribute to Happy Employees
Sources: Clutch Employee Benefits Survey 2018

12. Employees with Benefits

Exploring the importance of Extras. Some perks are more common than others. Percentage of most preferred employee perks.

Employees with Benefits
Source: HBR

13. Unearth a world of Employee perks & Discounts for their well-being!

Inspire your workforce with meaningful savings. A corporate discount platform makes it easy for employees around the world to get instant access to discounts, perks & benefits on the go, from anywhere, anytime.

. Xoxoday’s benefits hub opens up

With access to Xoxoday's platform, treat your employees to over 3000+ e-benefits, discounts and experiences giving them the true power of choice. The e-benefits catalog is getting richer every day with benefits in categories such as wellness, personal finance, e-learning, e-gift cards, experiences, privileges, philanthropy, rentals, perks & offers, and subscriptions.

Don't go in search or negotiate with individual vendors. Rather, get real time hassle-free discounts and deals tailored for your workforce the way they would want it.

14. Xoxoday’s benefits hub opens up...

A world of exclusive discounts on products, services and experiences that include

 Xoxoday’s benefits hub opens up
Xoxoday exciting deals and offers

We have carefully curated discounts and deals from a wide range of categories so that there is definitely something for everyone.

15. Breaking this Down...

In this section, we take a deeper look into how Xoxoday can be a reason for a financially healthier and happier workforce.

Groceries, Food & Dining

The grocery and restaurant bills can add up to a considerable amount every month. From dinner entrees to snack items, this amount spent fails to stay within a stipulated monthly budget.

Xoxoday helps employees to save some bucks, develop right spending habits and have disciplined financial goals. Employees can receive upto 10% discounts from 10,000+ restaurants and grocery outlets from our catalog.

Health & Wellness

The health and wellness industry encompasses all activities which promotes physical and mental wellbeing. From yoga to healthy eating, personal care, nutrition, spa retreats, meditation, medical services, prescription drugs etc. The employees often find it quite difficult to meet up with these rising costs. This sets off a vicious cycle where stress further increases expenses on health.

So the question is how can the employers help an average worker keep up with these costs?

Xoxoday helps employers incorporate workplace wellness initiatives and a culture of health in the workplace by offering 10-50% discounts over pharmacies, fitness centres, gym memberships, spa services, health screenings, therapeutic programs for employees etc

Clothing, Apparel & Fashion

Catching up with the latest lifestyles and trend, clothing is not optional anymore. So this is another expense employees face -- and the average household spends on clothing, fashion and related services (such as tailoring and dry cleaning) $1,803 annually, according to the Bureau of Labor Statistics, 2016 Consumer Expenditure Survey. That amounts to about $150 per month.

Notably a fair amount of shopping is either out of boredom or for entertainment.

Xoxoday helps employees save some meaningful amount of money offering discounts and deals over various brands from our trendy and rich catalog on our platform.

Travel & Entertainment

Be it planning a family vacation, quick business trip or a weekend getaway, most folks like to travel. Those expenses can add up fast, though. Average vacation costs for a four-day domestic trip (including transportation, lodging, food, and entertainment) were recently $581 (or $144 per day), as per valuepenguin.com, while a 12-day international trip averaged $3,251, or $271 per day. About three-quarters of people have gone into debt to pay for a vacation, averaging about $1,108 of debt, as per the 2017 LearnVest Money Habits and Confessions Survey. Clearly, this is quite a costly category for most employees.

To keep travel expenses in check, Xoxoday helps employees get instant access to discounts, vouchers and miles that can be applied to tickets, hotels, car rentals and various other perks. Vacations or a time-off are planned to take away the stress. An access to Xoxoday’s hub of savings &benefits helps to loosen up their financial grip.

Home Services, Utilities & Lifestyle

An essential cost that most of the workforce face is household related and utilities expenses, which can include electricity, gas, water, trash removal, cable TV, and telephone service.. According to the Bureau of Labor Statistics' 2016 Consumer Expenditure Survey, the average household spends $18,886 annually on housing overall. That figure includes entertainment at home (such as cable TV) and entertainment away from home, such as going to the movies or concerts or sporting events. It's a hefty total, but it's not surprising when you consider the average concert/movie tickets, cable and satellite expenses.

Xoxoday has partnered with brands that make sure employees have fine choices to make and save money on their miscellaneous expenses that includes local attractions, subscriptions, cellular, cable savings etc.

Electronics & Gadgets

Tech spending is mostly driven by living in the moment. It's no secret that people spend quite an amount on smartphones and other electronic equipment and gadgets these days. The majority of technology spending is in three categories - Internet services & equipment, mobile phones and service, consumer electronics.

With a wide variety of discounts available from most popular electronic brands in the Xoxoday catalog, employees can save upto 25% on each purchase. Electronic accessories change as frequently as the technology they support. Xoxoday’s member exclusive deals on headphones, chargers, external hard drives etc helps to save money on items they use everyday.

Education & E-Learning

Education & learning costs is a major spending category for most employees . Those facing college tuition costs accrued during higher education has increased substantially in recent decades. To add to that, there is no end to learning avenues that come in an employees lifecycle.

Employers can help them enhance their skills and knowledge or even assist them to meet their learning related expenses incurred for themselves or their kin. With virtual learning models likely to be a norm forever, Xoxoday’s platform opens up a variety of E-learning opportunities offering member exclusive discounts and deals to the employees beating any financial stress and stigma associated with it.


There are charitable gifts and then there are gifts people give to loved ones and others -- just because they want to or maybe because they feel they should. These may be birthday gifts, holiday gifts, wedding gifts,  graduation gifts, or spur-of-the-moment gifts. The average spending per guest on wedding gifts was recently $106, as per the folks at nerdwallet.com, while average Valentine's Day spending for a significant other was recently $89. Of course, holiday season gifts are a category by itself totalling, on average, about $906, per the folks at statista.com.

Xoxoday helps to save upto 40% discounts and deals to support employees recognize the important people in their life and make giving a pleasant experience.

16. The average Xoxoday user saves $2500 a year.

This includes awesome savings such as

The average Xoxoday user saves $2500 a year.

17. Some of the popular brands in our Xoxoday catalog include.

Some of the popular brands in our Xoxoday catalog include.
Some of the popular brands in our Xoxoday catalog include.
Some of the popular brands in our Xoxoday catalog include.

These are just a selection of some of the great brands we have on the platform.

*Visit https://stores.xoxoday.com to view a plethora of brands for various categories

At Xoxoday, we firmly believe that a happy and engaged workforce would always go beyond the call of duty and perform better building long term relationships. We help companies create a culture where employees choose to live a smarter lifestyle that can be a reason for a financially healthier and happier workforce.

If you'd like to learn about a benefits package tailored right for your workforce.

We'd love to chat.