Benepass

Spot bonuses are a great way to acknowledge an employee's positive contributions or behavior at work and incentivize strong performance. Here are 5 examples of scenarios where a spot bonus might be a fitting reward: 1. Meeting a goal: Marketing manager Maria was set a challenging target to increase the brand’s social media engagement by 25% over three months—a target which she beat by 10%. As the company received significant growth in brand awareness and customer engagement, Maria’s manager awarded her a $2,500 spot bonus. 2. Honoring employee loyalty: Albert had been a loyal and hardworking member of the IT department for a decade. To celebrate his 10-year work anniversary and his exceptional contributions, the company surprised Albert with a $5,000 spot bonus and a weekend getaway package for him and his family. 3. Encouraging collaboration: Roger, a senior software developer, noticed that a new team member, Sarah, was struggling to adapt to the company’s coding standards and processes. Roger took the initiative to provide her with one-on-one mentoring, which significantly improved her skills and confidence. Recognizing Roger’s proactive assistance and dedication to team success, the management awarded him a $500 spot bonus. 4. Celebrating project completion: Project manager Lisa led a high-stakes product management project with a tight deadline and numerous obstacles. Despite the obstacles, Lisa successfully coordinated her team, managed resources efficiently, and delivered the project on time, impressing both the clients and senior management. To acknowledge her exceptional leadership and problem-solving skills, Lisa received a $3,000 spot bonus. 5. Cementing company values: Customer service rep Valerie consistently goes above and beyond to embody the company’s core values in her interactions with customers, always handling customer complaints with grace and professionalism. In recognition of Valerie’s dedication to living the brand’s values, she’s awarded a $1,000 spot bonus to reinforce the importance of offering an exceptional customer experience. Check out our full blog on spot bonuses to learn more about this benefit and how Benepass can help you incorporate them into your benefits package. Get the link in the comments. 👇 #SpotBonus #EmployeeBenefits #EmployeeExperience #RewardsandRecognition

In today's competitive hiring market, employers are offering creative benefits to differentiate themselves in the talent marketplace. Excellent health insurance plans, hybrid work schedules, and generous PTO are great, but these are considered the norm—what other benefits are you offering that make you stand out from your competitors and brand you as an employer of choice? Our latest blog collects 35 unique ideas to help you design top-notch programs that attract and retain top talent. Browse the list here: https://hubs.li/Q02LkjzW0 #UniqueBenefits #EmployeeBenefits #EmployeeExperience #Hiring #EmployeeRetention

In this episode of #StartupSuccess, I welcome Jaclyn Chen, Co-Founder and CEO at Benepass, a platform that solves real-world pain points in the employee benefits space. Jacyln dives into her experience working with Y Combinator early on and how she approached fundraising during very different economic climates. And she shares some truly great advice for fellow startup founders! Highlights from our discussion include: ⬇️ 1️⃣ Strategies that increase your odds of securing funding 2️⃣ The parallels between enterprise sales and raising venture capital 3️⃣ The evolution of the founder role from selling the vision to building a team and scaling the company This episode is packed with valuable insights for early-stage startup founders looking for a competitive edge. Listen now on your favorite podcast player app! 🎧 #Startups #DueDiligence #VentureCapital

🌟 Learn from the best in the business! Join Benepass tomorrow at 1pm CT for an exclusive webinar on "LSA Trends & Insights: How to set up effective Lifestyle Spending Accounts." From plan design to budget utilization, get the knowledge you need to optimize LSAs for your clients. Register for free: https://bit.ly/467m16J #HRInsights #LSABenefits #FreeWebinar