DEPT® puts control in the hands of the employee with flexible vacation pay.
The standard nine-to-five, with fixed vacation pay and five days a week at the office, no longer works for everyone. Flexibility and freedom are becoming essential. At DEPT®, they recognize this and constantly launch new initiatives that make work more meaningful and rewarding for their team. One of those initiatives is giving employees more control over their vacation pay, made possible through the Alleo app.
"Alleo adds to the employee experience and, just as importantly, to personal autonomy. It’s part of our culture — and that directly supports retention. For us, it’s a way to be a good employer".
As a fast-growing digital agency, DEPT® saw that employee needs were evolving quickly, especially when it came to benefits. Even with an already broad offering, they wanted to go a step further and give employees more say over how their benefits worked.
They needed a solution that added flexibility without increasing complexity. The available budget under the Dutch WKR scheme (Work-Related Costs Scheme) was limited, so DEPT® looked for a way to offer more, using other salary components.
The solution? Making vacation pay flexible.
Vacation pay paid out flexibly
Life sometimes brings unexpected and costly challenges. At DEPT®, we want our employees to be prepared for these without falling into financial trouble. That is why employees can have their vacation pay paid out flexibly via their personal account. They can arrange this themselves in the Alleo app, at any desired moment. Employees have the choice to receive a one-time payment or opt for a monthly payment.
Vacation pay as a flexible benefits budget
Additionally, DEPT® employees can choose to use their vacation pay as extra budget for the Alleo marketplace, instead of receiving a payment into their bank account. This way, they can select additional benefits on top of the existing employee benefits at DEPT®.
Ownership & trust
The Alleo solution has been able to make an impact in several areas:
Financial ownership and autonomy. “People really appreciate having more say. That they can use it themselves when they need it.”
Financial well-being. DEPT® employees can choose to have their vacation pay paid out whenever they want and have access to collective discounts in the Alleo app.
Trust in employees. Alleo gives DEPSTERS access to 48 additional benefits. Thanks to the app, they can use those whenever they want.
A perfect fit for the company culture. “Without these talented people here, there is nothing at all. We are truly a people business. [...] That’s a part of the culture. Alleo fits very well with that philosophy.”
Less administrative work for the HR department. There is no extra administrative work for each separate benefit. This saves HR an enormous amount of valuable time.
Insights. Through the employer portal, DEPT® can see which benefits are used the most. Based on these insights, DEPT® can provide the options that best suit the employees.
"We like to set the bar high, and that’s why we match well with DEPT®. Together, we challenge the status quo of benefits and think about solutions that benefit everyone.”
Conclusion
DEPT® has found a way to break away from the standard, "traditional" way vacation pay is used. Instead, they introduced flexibility and autonomy in the form of a new benefits package. In Alleo, they found a solution that reflects their company culture and brings it to life in an innovative way.
