Benefits of Employee Discount Programs

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Employee Discount Programs Offer Great Benefits to Organizations

Author: Alexander Baink

Many corporations are recognizing the benefits of offering their employees access to great discounts and corporate perks on products and services they normally buy anyway. A fast-growing trend among US corporations is to provide what are referred to as employee discount programs, or employee discount incentive solutions, for employees. The purpose of offering the employee discount opportunity is to create greater employee satisfaction and retention. The reason many companies are using this route to help build employee loyalty is that it is generally one of the more cost-effective employee perks that a company can offer.

Employee discount programs give employees the ability to search through various product deals from many merchants. Employees can generally search through the providers and deals and select discounts for the products that are the most appealing to them. Some of the top employee discount solutions are said to save company employees over $1,000 per year for products and services they would normally buy. Merchants view the discount programs as a way to target their message to a focused audience and often offer savings between 10-50 percent off normal prices.

As part of the general movement toward the provision of discounts for employees, many corporations are also outsourcing their employee discount programs to companies that specialize in developing and managing them. There are many benefits to corporations that outsource their programs. Many HR providers say that the cost for specialized services is well worth the investment considering the time and resources saved for the employer, as well as the advanced benefits made available to employees.

Top providers of corporate perk programs usually maintain relationships with hundreds of leading national brand merchants. This vast network of relationships with discount providers allows these discount program providers to offer the broadest and best deals for employees. Additionally, leading developers of employee discount solutions offer advanced technology platforms that enhance the experience for the company and end users. Many offer users the ability to search through a customized web portal in a matter of seconds to find their preferred employee discount.

With the competition for top employees high, corporate image and reputation are important. Companies that can offer better employee perks have a competitive advantage. One of the best benefits of high quality employee discount programs is the ability to monitor stats and usage. HR representatives can review the overall success of their programs while also getting a better sense for which corporate perks are most desired by employees. This enables them to provide the best program for employees and enhances their ability to improve satisfaction and retention.

About the Author:

Alexander Baink: LoyaltyEngine.com offers a comprehensive and inexpensive turnkey solution to employee discount program and HR administrators that eliminates the burden of merchant management, builds program awareness, and takes care of customer service responsibilities. Add a wealth of employee perks to your corporate offering, easily and inexpensively, by enrolling your company today at LoyaltyEngine.com – we do all the work, you get all the credit!

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