Employee discount programs offer employees great benefits

The use of employee discount programs as a tool to recruit, retain, and motivate the best employees is becoming increasingly common among corporations. As the costs of health care and other common benefits continue to rise, some companies have had to look for more profitable ways to attract and retain good employees. Organizations increasingly see that the value of offering employee discounts to workers for the products they buy anyway is as good as that offered by any other incentive program available.

Corporate discount programs are designed to give a company’s employees access to great corporate benefits for the products they typically purchase. Solutions are good for corporate reputation and employee retention and motivation because they are usually customized for the specific corporation. While some merchants work with many corporations to offer discounts, the unique combination of offers and vendors a business offers gives it an edge over competing employers.

It is the end-user, or employee, benefits that really drive the success of this effective corporate benefit. Recognizing this, many employers turn the development and implementation of their employee discount program over to a specialized service provider. There are some leading companies that create customized employee discount solutions tailored to the wishes of each company. The best solution builders use the latest technology to provide employees with access to a web portal that they can use to efficiently search for merchants and discounts.

Another benefit for corporations of outsourcing the provision of employee discounts is that major service providers typically have relationships with hundreds of leading merchants and brands. This means that they can offer the widest range of merchants and products and the biggest discounts. Some merchants offer employee discounts of up to 50 percent of the regular price on certain products and services. This ability to select from a wide variety of offerings adds greater value to corporate incentive programs from an employee perspective.

In times when fuel and consumer prices are relatively high, the ability to save hundreds or thousands of dollars simply by working for a particular employer may be attractive to some employees. Additionally, the programs suggest to employees that they are appreciated and important to their employer. Employees are happy to brag to friends and family about the corporate advantages that make their job or company seem more respectable.

Employees are entering the workforce more demanding than ever that employers care about them as people and take care of them. With the opportunities to find cost-effective, value-added, and efficient discount programs to use, it’s no wonder corporations are moving quickly to add this employee benefit to their benefits packages.

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