Love2reward launches off-the-shelf voluntary benefits package for SMEs

Love2reward, one of the UK’s leading providers of cost effective and flexible reward solutions, today launches Everyday Benefits – an off-the-shelf voluntary benefits package designed specifically for the small and medium enterprise (SME) market.   “From our research we’ve established that companies with up to 350 staff want to provide voluntary benefit schemes for their employees, but very often find the cost prohibitive,” comments Martin Cooper, Sales and Marketing Manager for Love2reward.  “With Everyday Benefits, employers can now provide a comprehensive range of products and services at either little or no cost.”

Love2reward’s solution offers a broad range of discounted voluntary benefits including the complete ‘Love2’ gift voucher portfolio: Love2shop – The high street gift voucher, Love2travel and Love2play.  In addition the scheme features discounts on health and dental care, motoring, technology, entertainment, leisure and supermarket vouchers, plus optional tax efficient benefits such as childcare and cycle to work schemes, if required.  These tax efficient benefits are financially beneficial to both employer and employee, and can help to offset the cost of the scheme so that it becomes completely cost-neutral.

Everyday Benefits can be designed and tailored with the employer’s branding, thereby appearing to be the employers own scheme.  Alternatively access is via a ‘generic’ site and can be linked to an employer’s own intranet.  For any employees who do not have access through a conventional online portal, a benefits catalogue is available, “We have designed the scheme to be completely accessible to, and inclusive of all,” Martin continues.  “Everyday Benefits can be set up for use by employees and by closed user groups, such as unions, and is completely flexible in terms of content.  If an employer already has a scheme already running then it is possible to select just those elements that are required to supplement and complement the current offering.”

Martin concludes: “70% of our existing customers fall within the 1-350 employee category and there is a distinct lack of low-cost a scheme such as ours available in the market today.  Unlike conventional reward and benefits providers, which make their income from charging a substantial fee to run such schemes on behalf of employers, Love2reward principally benefits from getting more of our gift vouchers and cards into the market – therefore the fees become a less significant part of our cost base and we pass this benefit onto the employer, so everyone wins.”


 

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