Video: Paycor Perks | Duration: 1808s | Summary: Paycor Perks | Chapters: Welcome and Introduction (20.975s), Introducing Paycor Perks (62.23s), Employee Benefits Overview (282.91998s), Benefits Me Offering (448.15s), Employee Benefits Programs (507.735s), Employer Toolkit Resources (736.115s), Resources and Closing (816.64496s)
Transcript for "Paycor Perks":
Hello, and welcome to Paycorp perks. I am so excited you're able to join me today to learn how to unlock new exciting benefits and perks for your employees. Before we dive into the content, I just wanna remind you that this session is intended for general informational purposes only. It should not be considered legal advice or legal opinion of any specific facts or circumstances. I do also wanna remind you when we're talking about these perks, not all products are available to all employees. So when employees go into the perks dashboard, they'll be able to see the eligible products that are displayed for them. With that, let's get started. I will introduce myself really quickly. My name is Stephanie Schifano. I am a senior marketing manager at Paycor, and I oversee Paycor perks. And this is my life. I love it. Prior to this, I actually managed benefits for a team of people. So I have intricate knowledge of this process and how to help employees and companies deliver the perks that employees need so they can enhance their benefits packages. With that, our agenda is jam packed, but we're gonna make it really insightful for you. So today, we're going to cover an overview of Paycor perks, when it will be available for your employees, exciting new partners and programs, and finally, we'll talk about the employer toolkit and how you can help to promote these perks to your employees. So let's get started with why it's important. These numbers astound me every single time I read them. So market demand by the numbers. What Paycor discovered is that we have employees out there that are looking for their employers to help support their benefits packages even more than they already were. And so some of those stats were that 70% of Americans are living paycheck to paycheck. 90% of hourly workers want some type of access to on demand pay. 65% of Gen z workers believe that their employers should help them gain access to better financial tools. 4.5 of US households, which equates to 5,900,000 Americans, are unbanked. That means they don't actually use a bank account. And then the last stat is that 63% of American workers say they're likely to participate in voluntary benefits from their employer, and that number is up from 45% the previous year. So these are the numbers that Paycor was looking at when we decided that we wanted to offer Paycor perks. So what is Paycor perks? It's a premier digital dashboard that gives your employees access to low cost lifestyle benefit solutions. Don't worry. I will dive into what those solutions are as we continue on. But what we're doing is we're actually launching this to your employees at the July, and you're actually going to receive information about it prior to that. What these are is these are no additional cost to you as the employer. So we're giving these to you, and you can add them to your benefits package and have them be part of what you offer to your employees. That can help with recruitment and retention, and we, as your payroll provider and partner, wanna make sure we're giving you things that help keep your employees happy. You have they'll have easy access to these benefits or these perks through the Paycor platform. So they'll start to see them at the July living in there on the, dashboard, and they can just click my perks to get right into the platform. It'll minimize time needed to research benefit options because as Paycor, we've done that research for the employees and for you, our client. And then it'll enhance the benefits package offering. As I said, you can tell that these are benefits that you offer, and we encourage you to do that. And we'll talk a little bit later about an employer tool kit that you can utilize to do that. And then the last one is we believe that this will show that you value your employees and care for their well-being. So what are these perks? I love that we have so many great perks out there for people to take advantage of. So we're gonna off launch perks now, but then we're gonna have other perks that are coming out as time goes on. So we're gonna continuously add to these benefit offerings for you and for your employees. So there are valuable programs and benefits and discounts such as attractions and tickets. So they can have fun with the attractions and tickets. They can buy concert tickets, theme prom passes, tickets to exclusive events. The next category we're offering is auto. So they can feel secure on the road with auto services from insurance to car buying offers or regular road auto services that that might need. Next up is family. So we have a category where we're looking at it as they can create memories with their family. They can find outdoor adventures, access to safety tips, unique family destinations. There is also perks that might help with building their, I'll say skill set or knowledge as they move forward. After that, we have financials. So this is the one where you're gonna see a lot of input into. Because if you remember, we have that stat where employees believe that their employer should be giving them better financial solutions. So with our financial access, we have, more stable future services with tax prep. We have that earned wage access that we talked about, student loan support, access to legal services might be available, short term learns loans and so much more. And then that whole category again dives into the perfect space to identify top notch appliances, furniture, security, moving and relocation services. So you'll start to see a lot that dives into that category. Insurance is great. This is where we can offer additional insurance benefits, I'll call it. So if you have employees that you wanna offer long term care to or pet insurance, home life auto insurance, or short term disability, this is the place where they can go and purchase it. And then travel, they can get discounts on hotel bookings, airline tickets, destination packages, and so much more. And the last category that we're going to be adding is, wellness and beauty. So this is where you're gonna take advantage of, you know, health memberships, nutrition, all kinds of advice that that'll help them enhance what they've got going on in their lives and the lives of their family. Let's dive into that first offering. The first one is benefits me, and it focuses on delivering immediate everyday value through exclusive employee discounts and cashback offers. So as part of Paycor perks, benefits me is giving employees access to savings across popular categories, such as retail, travel, entertainment, and dining. And if you can see on the slide, it says tangible employee value. There's everyday discounts, no hidden fees, and easy access to payment terms that translate into real savings. So this is one of those offerings that the employees can buy and utilize but pay over time, which we're finding a lot of people are really interested in accessing and utilizing. And then again, the benefit to you is being able to, give this to your employees at no cost to you, but you're supporting their financial wellness. Next step, we have Course Dream. And we call this extra special benefits for a reason because there's so many opportunities for employees to take care of so many different offerings. So if you're currently offering, we'll say, medical benefits, but you don't have dental and vision, your employees can take advantage of that through CourseStream. In addition, they have auto and home insurance, pet insurance. They have identity theft protection, which is huge for a lot of individuals. They have short term disability insurance, accident, injury insurance, and then a lot of discount offers. So some of those, I'll say, offers that we talked about in two slides ago where we talked about family offerings or, travel discounts. They can also be found in the CourseStream offering. So when your employees start and they start to see these perks, they'll see one core stream offering that's extra special benefits and is specific to those insurance products. And they'll have another tile that'll say discounts, and that's where they go to get access to a lot of the ticketing and those types of offers that we've talked about. Next up, we have, our tax season offerings. Right? So we know that tax season can be a significant stressor for employees, and nearly one in three Americans say filing taxes makes them wanna cry with stress stress even higher among the Gen z workers. So we actually have two offerings with regard to our tax prep software service, and the first one is being TurboTax. So if you've used TurboTax before, you know how it works. But it offers a guided step by step online tax filing experience accessible at any time and anywhere for your employees. And they can just go right into the Perks offering and click on TurboTax and be connected over to complete their taxes. The next one is, H and R Block. So H and R Block gives employees access to another professional tax prep service, and it gives them a choice of filing when they wanna file, where they wanna file. Both of these h and r block and TurboTax services have been great partners. We have a lot of employees that we're seeing utilize them, through other services that we offer at Paycor. And so we've rolled them into the perks offering so individuals can take advantage of it. Next up, I wanna talk to you about that on demand pay. And so on demand pay is powered by PayActiv. And your employees have been receiving this already through Paycor, if you've been opted into the program and they've chosen to take advantage of it. So we're adding this to the PERKS platform because we know how important it is to these employees. And this is that earned way to access, so you might have heard of it referred to as that. And it allows employees to access a portion of their pay early, so a portion of those earned wages early, helping them manage unexpected expenses and cash flow issues that they might have. I know, my car is actually in the shop today, and it's in for an inspection and an oil change. But I'm waiting for that phone call where they might say to me, oh, by the way, you need brakes or new tires to pass inspection. And that's something that not everybody has the money set aside to be able to manage. And so I know that because my employer provides earned wage access, if I needed to, I could take advantage of a loan against my paycheck for a very short time. And then what ends up taking place is I'm able to pay that bill without having the stress or anxiety that exists with waiting till payday to get that. So I talked to you a lot about we have stuff coming your way. Right? So there's an employer tool kit that we're gonna have available to you. And what that is is it will give you access to email templates, videos, sales sheets, and then information at each of the partners that we've already talked about, plus the new ones that we're adding. And you can utilize those to send out information to your employees to get them excited about these benefits. The other example I like to talk about is we all know Paycor can be accessed either, you know, through a computer or through our phones. And I used to work in a manufacturing facility, and I'd be walking through the facility and somebody might stop me and be like, hey, Stephanie. Could you talk to me about, you know, this benefit that we have? And I used to have to say, absolutely. Let me talk to you a little bit here, but then I'll go back to my desk and I'll email you some information. What I like about the way that we're offering it here at Paycor is I can actually have my phone in my hand, pull it up on my phone, show the employees where they can access it, and then have them be able to walk away knowing that I've solved their issue or their concern right there in that moment. And so this is something we wanna provide to you so that you have it and you can utilize it whenever you want. The last thing I'll share with you is that, in this webinar, you will be able to find links. So you'll find this webinar deck, so you can go back and you can look at any of the things that we've talked about today. There's gonna be an FAQ document there for you also where you can read questions and answers that we've actually had from some test groups we've worked with, and you'll be able to get that information and read more about Paycorp Perks. We'll also have information on how you can reach out to anybody if you have additional questions. Plus, there'll be a short video that's a demo you can utilize, online articles, info sheets, and like I said, we'll be giving you a link at some point in the future to that admin toolkit. So you'll have everything you need to be successful in sharing these benefits with your employees. With that, I'd like to thank you for your time today. I really appreciate your attention. I'm so excited we're able to bring these benefits to your employees, and I hope you are too. Have a great day.