Free benefits platform for SMEs during 2020

Guest blog by Philippa Bell, Marketing Manager – WorkLife by openMoney

• NEW EMPLOYEE BENEFITS PLATFORM, WORKLIFE, PROVIDES FINANCIAL ADVICE AND RANGE OF BENEFITS TO SMES AND STAFF
• WORKLIFE WILL BE FREE OF CHARGE FOR THE REST OF 2020

This year has thrown challenges at businesses that no one could have predicted. The turbulence of the climate has affected companies around the world, and while businesses are having to adjust dramatically to keep themselves afloat, ordinary workers are facing the ongoing impact of these changes.

Not only are employees feeling the financial effect that COVID has had on them and their loved ones, but the other external pressures that go hand in hand with the pandemic can be overwhelming. More than ever, employees are in desperate need of a helping hand when it comes to financial advice and wellbeing support, but these are usually seen as a luxury most people can’t afford. Not any longer.

WorkLife, a new employee benefits platform created for small businesses and their workers, has launched, offering a range of benefits and services usually only available to those at big corporate firms. Among these benefits is free financial advice from award-winning firm OpenMoney, offering people much-needed first-rate support during these challenging times.

Unlike other benefit platforms, WorkLife is designed to support small and medium-sized enterprises (SMEs) during these unprecedented times. So much so, WorkLife has made their platform free for the rest of the year. This allows smaller businesses to care for their workers with a range of invaluable benefits and support, at no cost in 2020.

In addition to financial advice, WorkLife also offers employees a wealth of benefits, including mental wellbeing guidance from Thrive, and discounts off Highstreet brands, available through Purecard. All of these are available immediately, at no extra cost to the employee. This range of benefits not only allows employees to access advice about their finances, but also provides them with the tools to be able to stretch their finances further.

The WorkLife platform is simple for employers to set up online, linking up with payroll information and workplace pensions, so employees can see all their benefits and salary in one place. Should employers have their own in-house rewards, these can also be added to the platform, creating one streamlined platform for employees to use.

It is just as simple for staff themselves to log on to the platform, via a smartphone, tablet or computer, so they can choose their benefits and keep track of what they have. If they take advantage of all the offers, benefits and discounts available via WorkLife, their savings could add up to the equivalent of hundreds of pounds extra in an employee’s salary each year.

Robert Marshall, Managing Director of WorkLife, says this desire to support employees in every aspect of their life is at the heart of WorkLife’s mission.

Marshall says: “Most employee benefits providers usually focus on big companies where they can turn a buck because of the size and sheer numbers of staff. They’ve ignored the SME sector because a company with 50 employees isn’t profitable enough for them.

“With WorkLife we are blowing that assumption out of the water and helping to empower employers at a time when they and their staff need it most. We know that increasingly people look to the companies they work for as a trusted source of help and information. By offering WorkLife free to employers for the rest of the year, we hope that this can help them give their people the kind of helping hand they need right now.”

WorkLife launched in June and will be offered free of charge for the rest of 2020. The normal cost is £2 per employee per month, with no additional setup charge. It can be accessed via www.worklifebenefits.uk

OpenMoney have been working with pro-manchester to launch WorkLife and keep the Greater Manchester community informed about its many benefits. Their support and commitment to business has been unrivalled during this time.

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About WorkLife

WorkLife is a digital platform on a mission to make financial advice and employee benefits accessible and affordable to every UK business.

Powered by OpenMoney, it combines top of the range financial advice and market leading benefits with low cost and transparent fees, allowing SMEs to reward their employees with the same great perks as those traditionally enjoyed by workers at larger companies. The platform puts an emphasis on employee wellbeing, making sure they are covered in all the financial, mental and physical aspects of their life.

To help those firms hit hardest by the coronavirus crisis, WorkLife will be offered free of charge to SMEs throughout 2020. The normal cost is £2 per employee per month, with no additional setup fee.