The Work-Life Balance Platform “We use our people programs to ...

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Cleaning your clothes Getting a massage Taking care of your car These are all experiences companies can provide for their employees. These workplace benefits help establish a positive work-life balance, and people with a positive work-life balance will work harder, work smarter, and stick around longer. Work-life balance Work-life balance means getting all one’s work done while running errands, staying healthy, and having time for family and leisure. With jobs now requiring more than 8 hours a day, some companies have begun providing services like dry cleaning, meals, and financial planning on-site. This makes it easier for employees to stay at work and stay productive. But these services do more than just keep people working longer – employees are far more likely to stay with a company that considers and provides for their personal needs. Workplace benefits produce driven, passionate productivity and long-term loyalty, qualities which pay for themselves time and again. Espresa Powering Great Workplaces TM The Work-Life Balance Platform Effective workplace services are critical to happiness and productivity espresa.com | [email protected] “We use our people programs to achieve three goals: efficiency, community, and innovation.” - Laszlo Bock, Senior Vice President of People Operations at Google, Inc.

Transcript of The Work-Life Balance Platform “We use our people programs to ...

Page 1: The Work-Life Balance Platform “We use our people programs to ...

Cleaning your clothes Getting a massage Taking care of your car

These are all experiences companies can provide for their employees. These workplace benefits help establish a positive work-life balance, and people with a positive work-life balance will work harder, work smarter, and stick around longer.

Work-life balance

Work-life balance means getting all one’s work done while running errands, staying healthy, and having time for family and leisure. With jobs now requiring more than 8 hours a day, some companies have begun providing services like dry cleaning, meals, and financial planning on-site. This makes it easier for employees to stay at work and stay productive.

But these services do more than just keep people working longer – employees are far more likely to stay with a company that considers and provides for their personal needs. Workplace benefits produce driven, passionate productivity and long-term loyalty, qualities which pay for themselves time and again.

Espresa Powering Great WorkplacesTM

The Work-Life Balance PlatformEffective workplace services are critical to happiness and productivity

espresa.com | [email protected]

“We use our people programs to achieve three goals: efficiency, community, and innovation.”- Laszlo Bock, Senior Vice President of People Operations at Google, Inc.

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Off-balance: Obstacles to effective delivery of services

Companies have long recognized that establishing a work-life balance is critical to employee happiness and productivity, yet some issues have kept workplace benefit programs from providing their ideal return on investment:

• Large companies often provide services in an inconsistent or ad-hoc manner, creating a bad user experience among employees

• Medium-sized and smaller companies may feel these programs are beyond their means

• Vetting and establishing good relationships with trustworthy vendors takes time and resources

Until now there hasn’t been a streamlined way to provide the services and benefits necessary to achieve this goal.

A formal approach

Espresa’s online platform was created to help companies of all sizes in every industry offer workplace services that improve their employees’ satisfaction and achieve the ultimate goal: real work-life balance at a great place to work.

Simple to deploy and easy to use through our mobile and web-based platform, Espresa empowers companies to:

• Select the services they want to offer

• Choose their preferred vendors from our vast network of service providers

• Manage invoicing and payment of services

• Improve employee communications

• See feedback and analytics on the impact of the new services

2espresa.com | [email protected]

Vendors you can trustEspresa performs all vetting, selecting, and managing of vendors to provide excellent, reliable, and safe services. Users can feel secure scheduling a new vendor to service their employees, as all due diligence has been done.

Got a company you love working with? We work to bring our clients’ recommended vendors onto the Espresa platform.

Easy to useEspresa allows employers to easily interface with vendors to set up onsite benefits employees can enjoy. Once a service is scheduled, Espresa populates their calendar. Benefits can be set as subsidized, discounted, employee paid, or as bonuses and rewards for model workers.

Motivating factors

• Companies with highly engaged workforces have a 44% higher retention rate and generate 29% more revenue

• The real cost of replacing an employee can exceed his or her annual salary

• Work-Life balance is more important than salary in the Bay Area tech industry

“An inclusive, flexible and fun environment – this trend we cannot stop – it’s a humane and loving way to treat people”- Josh Bersin, Five Elements of an Irresistible Organization

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3espresa.com | [email protected]

Return on Investment: Why companies subsidize workplace services

Workplace benefits are an investment! Businesses with top-notch benefits foster a better, more efficient workforce, become a place top hires want to go, and reduce turnover.

Espresa offers many ways to manage, fund, and control workplace services, including options to subsidize these programs at little or no cost to staff. Every dollar a company spends on these services saves their employees measurable hours of lost productivity and stress, creating a huge return on investment.

The modern employment market is already highly competitive, with recruiters seeking out the best and brightest in every field. Quality-of-life benefits are a tangible measure of how fulfilling a person’s tenure will be, and so are right up there with requirements like healthcare and salary.

“We believe it is easy to be penny wise and pound

foolish with respect to benefits that can save employees

considerable time and improve their health and productivity.”- Larry Page & Sergey Brin, Google IPO Letter

Example ROI for subsidized benefits

Based on hours saved only, not including the benefit of increased productivity and reduced turnover

$100,000

$75

$125,000

0.7%

25%=$25,000SALARY

SUBSIDY PER MONTH

of workplace programs per employee ($900/year)

TOTAL COST OF EMPLOYEE

OF THE TOTAL EMPLOYEE COST(about one hour of employee time per month)

THE EMPLOYER BREAKS EVEN AFTER THE EMPLOYEE SAVES AN HOUR PER MONTH BY USING WORKPLACE SERVICES

OVERHEAD

+ =

= =65% of employees surveyed saved between 1 and 5 hours per month on errands and chores with Espresa

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4espresa.com | [email protected]

The problem we solve

A poor work-life balance often leads people to underperform or simply leave companies in search of something better. This is a massive drain on productivity – and a major factor in workers’ negative feelings is a lack of respect for their personal time. That’s where workplace services can play a big role in boosting morale and efficiency – not to mention recruiting and staff retention.

Espresa lets companies offer services on-site during work hours. Imagine employees not having to rush to the cleaner before it closes, because they can just leave their clothes at the front desk; not having to spend 2 hours at the oil change place because the car is taken care of between 9 and 5. Imagine the sense of satisfaction, confidence, and loyalty an employee feels when their company sees to their comfort and needs.

The Benefits of Espresa

• Recruiting edge: Add value when attracting, retaining, and motivating workers

• Improved morale: Employee satisfaction, goodwill, and work-life balance all improve

• More usage: Employees are made aware of and encouraged to use workplace services

• Increased productivity: Services performed at work keep employees productive rather than running errands during business hours

To find out more about how to easily create a well-managed workplace services program for you, contact [email protected]

Vital data

Employers will see in real time how their investment in a healthy work-life balance pays off! Espresa tracks who uses which services and how often, as well as each person’s satisfaction with the benefits they receive. Espresa also records analytics to help employers determine how successful their programs are, including the capability of interfacing benefits usage with other systems to perform predictive analysis of performance, turnover, etc.

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Ho

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5-10

10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Overwork statisticsof employees admit they overwork

of those employees who overwork do so by 5 or more hours a day

of overworking employees feel overloaded

87%

66%

39%

When using onsite services how much spare time are you saving outside of work?