With the new financial year fast approaching, Love2shop, a leader in gifting and reward solutions, is urging businesses to reassess their employee benefits strategies. Rising operational costs, including an increase in National Insurance contributions, have placed additional financial strain on companies. Simultaneously, employees are facing a growing cost of living crisis, making effective workplace benefits more important than ever.
Traditional perks such as complimentary fruit or subsidised yoga classes are no longer what employees value most. Instead, workers are prioritising cost savings on essential, everyday purchases. In response to this shift, Love2shop a subsidiary of PayPoint Plc has introduced Love2shop Perks, an innovative and cost-effective solution designed to deliver meaningful savings through retailer discounts.
A Smarter Approach to Employee Rewards
Love2shop Perks is a low-cost, easy-to-use digital platform that enables employees to access discounts of up to 38% at more than 150 leading retailers. This allows staff to save instantly on essential purchases, from weekly supermarket shopping at Sainsbury’s to a morning coffee at Starbucks, meals at popular restaurants, and even leisure activities such as family outings during school holidays.
The launch of Love2shop Perks comes at a critical time when UK businesses are seeking innovative ways to support and retain their workforce while managing increasing financial pressures. Rising employment costs, inflation, and soaring energy bills have forced many organisations to reassess their employee benefit offerings. Employers are now prioritising solutions that provide tangible financial relief while maintaining cost efficiency for their business.
Delivering What Employees Want Most
Studies show that employee discounts remain one of the most sought-after workplace benefits, ranking higher than many traditional perks. Love2shop Perks provides a straightforward and highly effective way for businesses to enhance their reward programmes by giving staff access to discounted e-Gift Cards across a vast range of brands, including supermarkets, restaurants, leisure services, and travel providers.
One of the key advantages of Love2shop Perks is its seamless implementation. The platform is low-cost, simple to set up, and requires minimal management, allowing employees to start accessing their discounts immediately.
Encouraging Businesses to Rethink Employee Benefits
Frank Creighton, Director of Business Development at Love2shop, emphasised the need for businesses to modernise their employee benefit strategies. “This is a crucial time for organisations to re-evaluate their rewards and benefits approach. Love2shop Perks offers businesses a cost-effective way to support their employees while increasing engagement and retention. More importantly, it provides real financial relief by offering savings on the daily essentials that matter most to employees.”
Many employees now prioritise financial wellbeing over traditional perks. Our platform directly supports this shift, offering real-time savings on key retailers that can have a genuine, positive impact on people’s daily lives. By providing significant discounts, we help businesses show appreciation for their employees in a way that truly makes a difference.
With an easy-to-use platform, a wide range of participating retailers, and instant access to savings, Love2shop Perks is poised to transform workplace benefits in the UK, ensuring employees receive practical rewards that enhance their financial wellbeing.