Providing benefits to your employees is a fantastic way to attract and retain top talent, but providing benefits isn’t easy. In addition to the management of the benefits your company provides, you also need to be able to track benefit usage while also giving your employees easy ways to take advantage of the benefits your company provides.
In the past, this often meant issuing paper certificates or plastic cards for benefits like medical insurance, but many employers are now using digital cards for their employee benefits programs. Digital benefits cards function like physical cards, but they can be stored on devices like smartphones for convenient use and tracking.
Tap to Pay
When you issue digital cards through your employee benefits programs, your employees can simply tap their devices to utilize benefits. When at a doctor's office, a device reader may be installed that allows for contactless transactions.
If you provide benefits like free rental car services or paid lunches, employees can use their digital benefits cards in the same manner. Most businesses offer some type of tap-to-pay terminal these days, and contactless payment also keeps people from having to interact with germy touchpads. For more information about employee benefits programs, visit the website.
Tracking Benefit Usage
Tracking the use of benefits is also easier when you switch to digital benefits cards. Because transactions or account balances are automatically updated online and synced whenever a card is used, employees can monitor their benefits to know exactly how many benefits they have left. This can reduce the potential for benefits disputes since your employees will be able to see everything in real-time from their smartphones or computers.
Digital Cards Are More Secure
When you issue physical benefits cards, these items can be lost, stolen, or damaged. A digital benefits card is usually more secure since it resides on a device or in the cloud. If a device is lost or stolen, the digital benefits card can be frozen or canceled, and new benefits can be issued with the press of a button. This provides peace of mind for both your employees and your company’s bottom line.
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