A flexible benefits package for a rapidly growing digital agency
International digital agency DEPT® wanted to change how they provide benefits and rewards to their employees. As the workforce at DEPT® was growing rapidly, employees’ preferences for benefits and rewards were quickly changing, too. Although they already offered quite an extensive benefits package, DEPT® was eager to diversify its offering. They were looking for a way to offer benefits that would fit the needs and wishes of every employee.
DEPT® needed a benefits package that could be used flexibly in addition to the benefits already offered to all employees, including key categories such as Learning & Development and Mental Well-being. Because the discretionary scope of the WKR doesn’t provide enough room to offer a broad range of benefits, an additional solution that could be used with “salary components” was needed. In this case; holiday pay that is made available just for the benefits.
To accommodate this, YourCampus built a consumer-grade solution for employees to flexibly manage and spend their holiday allowance according to their personal needs.
Flexible holiday allowance pay-out
Life can throw unexpected and expensive challenges at us. DEPT® wanted its employees to be able to face them. Employees can now have their holiday allowance paid out through the YourCampus app whenever they want to: employees can either withdraw a one-off transaction or select a monthly payout on their bank account.
Flexibly use their holiday allowance as a budget for benefits
DEPT® employees can also decide to use their holiday allowance as a budget for the YourCampus marketplace, instead of opting for a pay-out. That way, they receive an extra benefits package, fully flexible, on top of the existing employee benefits at DEPT®.
Ownership & trust
YourCampus was able to impact the following aspects with its solution:
Financial ownership and autonomy. “People love the fact that they have more say about their finances – or that the option to manage their finances to their liking at least exists”
Financial wellbeing. DEPT® employees can choose to have their holiday allowance paid out when they want and receive collective discounts in the YourCampus app.
Showing trust in employees. YourCampus offers Depsters 48 extra benefits they can access whenever they want or need to.
Execute the company culture. “We’re nothing without all these talented people. We’re a real people business. [...] That’s integrated into our culture. And YourCampus fits into that philosophy.”
Less administrative work for the HR department. No need for administrative hassle for each benefit, giving back valuable time to HR.
Insights. Via the portal, DEPT® can see which benefits are used most often and which ones are less popular. Based on these insights, DEPT® can offer options that suit their workforce.
Conclusion
DEPT® was able to break away from the traditional way holiday allowance is used. In its place, they introduced flexibility and autonomy through a new benefits package. They found a way that reflects their company culture and with YourCampus they were able to extend their unique company culture.
