Great Place to Work® uses Compt to offer the diverse and personalized support they’ve always wanted to give to their 100+ employees, with minimal management effort.
For us, Compt is a personalized platform to meet employee needs - whether it’s a development need or one that’s personal or professional - to make them feel whole. There’s something deeper and more meaningful here than what you think of with “perks”, but yet the process is so efficient and easy.
Ann Nadeau
Chief People Officer, Great Place to Work®
About the Company
Great Place to Work® is the global authority on workplace culture and since 1992 they have surveyed more than 100 million employees around the world. They use their unparalleled benchmark data to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best list published annually in Fortune.
The Problem
Great Place to Work® has over a hundred team members in multiple locations who are wonderfully diverse and dedicated to their mission. Their HR team has long recognized that to cover the wide range of needs and requests that all of their people have, they’d have to do their best to stretch their perks and employee offerings in a way that made business and financial sense. And like countless other companies around the world, the pandemic forced all of their employees to work remotely, which only compounded this growing challenge.
Prior to Compt, the way they were handling employee perks was:
A disparate, disjointed and manual process
Not consistently meeting the needs of their people in various locations
Not able to meet the needs of what their people were seeking on an individual level. Some wanted support for yoga or gym memberships and others were considering personal development coursework and others needed a little help at times with an emergency fund.
Not flexible to the evolving needs of their workforce - and business - over time
Not scalable for the size of their company now and how it would surely grow
So, with a particular focus on supporting the mental, physical and financial wellness of their people, Great Place to Work® was looking for a way to provide more personalized support to their employees through perks and to create a consistently great experience for ALL of their people, no matter where they’re working from.
The Solution
Great Place to Work® now uses Compt to manage its custom perk stipend program called CARE4U.
Great Place to Work® introduced its CARE4U program in 2020 to all of its employees across its US and international locations so that employees could have access to funds to support them in a meaningful way, especially for emergencies and unexpected life events.
Great Place to Work® decided that for the first year, the CARE4U program’s total amount for each employee would be $5,000 USD. With Compt, this amount accrues automatically in each employee’s Compt account every month and they can use the funds whenever they choose as a flexible perk stipend in any of the follow categories:
Charitable Giving
Continuous Learning
Family
Financial Wellness
Food
Health & Wellness
Pets
Productivity
Student Loan Repayment
Tech
Travel
This setup has worked perfectly for what Great Place to Work® envisioned for supporting their employees - perks that are diverse, inclusive, timely and meaningful. With Compt, they also always have the option with just a few clicks to add a new program, change the name and categories of their perk programs, the amount offered to each employee, how funds are allocated throughout the year, and to whom the amount applies.
The engagement is remarkably high and everyone raves about it when we have taken our own employee survey. We hear how grateful our people are to have access to this additional fund to help with that broken water heater or taking their online yoga class. The flexibility and personalization to each individual is exactly what we hoped to achieve.
Ann Nadeau
Chief People Officer, Great Place to Work®
Advantages with Compt
Make a meaningful impact for employees on an individual level
To replace the “disparate and disjointed” way they previously managed employee perks, Great Place to Work® now offers everything their people want on an individual level, while actually reducing their overall effort and costs in the process.
Also, knowing that 40% of Americans can’t cover a $400 emergency expense, they can now cover their people in this regard for life’s emergencies when they happen, especially in light of COVID-19.
Provide a consistently great experience for 100% of employees, everywhere
Great Place to Work® is headquartered in Oakland, California but has a dynamic and diverse group of team members spread across the US, Canada and beyond.
With Compt, they can enjoy peace of mind that every single employee has the same support that their peers do, which is crucial for cultivating an inclusive and welcoming culture of belonging. Their employees seem to love it too: 80% are actively engaged on Compt!
Minimize the administrative burden on HR and finance, with one platform
Great Place to Work®’s people team already had 6-8 different HR platforms in addition to a PEO to manage and wanted to consolidate programs to reduce costs and alleviate the management burden, while introducing a platform that would have a great impact.
Compt’s simple, IRS-compliant platform has been an ideal solution for them and has given both their HR and finance teams their valuable time back.
Gain insight into what matters to your people by seeing perk usage
Without the right perk software in place, Great Place to Work® couldn't easily monitor who was using what perk, when they were using it, and what money was essentially being wasted from unused offerings.
Compt helps them track who has made a claim, how much has been spent, and what types of things people are using the program for, making it easy to understand their people better and to develop future initiatives.
Compt consolidates employee perk expenses for us and it also tells us a story, which we wouldn’t see if it was all just buried in an AMEX or debit card with all other expenses. With Compt, we’re seeing exactly what employees are choosing and so we get valuable insight into what our people care about.
Ann Nadeau
Chief People Officer, Great Place to Work®
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