Microsoft Word - Extras - Prospectus (1).docx
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A remarkably rewarding workplace benefits solution from Blackhawk Network
We are
Blackhawk Network
We help you connect meaningfully with the people in your business. Our flexible workplace benefits help you to build and sustain a settled, inclusive, and energized team, so that your organization can thrive.
Extras brings popular Blackhawk Network benefits under one umbrella. It’s the simplest way to offer employees a range of easy-to-administer schemes that support their well-being and connectivity. Alongside Cyclescheme, Techscheme, bYond Card and Extras offers a range of on-demand discounted gift cards for employees to purchase at no additional cost to your business.
Having spent years working in finance, I know how important it is for businesses to find cost-effective ways of offering value to their employees. It’s now my job to make sure that the products we create are fit for present and future UK workforces, without requiring employers to overstretch their budgets.
I’m proud that the full Extras portfolio reflects widely-held priorities like promoting physical, mental and financial well-being, and protecting the planet – all of which are essential for an engaged workforce.
One of those products is Cyclescheme, the UK’s most popular Cycle to Work scheme. Having joined the scheme myself a few years ago, I’ve seen firsthand how it can cultivate long-term behaviour change. In my other role as Chair of the Cycle to Work Alliance, I’ve been directly involved in making sure the UK government understands the impact of sustainable commuting on health, the environment, and employee engagement. There’s no doubt we’re in for a greener future.
As a global business, Blackhawk Network is proud to serve thousands of customers around the world, helping each of them to connect with people, create value, and achieve their goals.
Adrian Warren Senior Director of Product Management
The employee engagement landscape
Attracting and retaining the best talent for employees to purchase at no additional cost to your business is costly. The right workplace benefits can help to boost employee engagement and protect your business against high staff turnover.
What’s more, it’s affordable. Our workplace benefits are largely cost-neutral or even cost-positive to run.
Effective workplace benefits can also act as an alternative to pay rises by offering value to employees that outweighs the cost to your business.
For your employees, benefits that look after mental, physical, and financial well-being are valuable. They can boost morale and build loyalty.
How important is it that an employee benefit has a positive impact on these personal factors?
In a recent study, we asked 2,000 UK employees to tell us how important they find these health-related factors.
Trends and challenges
Expectations around work-life balance continue to shift, making it imperative that employers find ways to weave wider priorities into their employees’ experience of work.
In a 2021 study, we found that over 37% of UK employees say that factors pertaining to work-life balance and consideration of health and well-being need increased focus following the pandemic.
A desire for healthy habits across body, mind, and finances calls for employers to take a holistic view of employee well-being and offer benefits that support that vision.
As the continued focus on building diverse and inclusive workplaces gathers momentum, make sure your rewards and benefits reflect those same principles. Offering choice is key - every employee is an individual with a unique background and different likes/dislikes.
By providing a wide range of benefits that deliver support across various lifestyle areas, you can avoid second-guessing and prevent dissatisfaction.
We’re seeing environmental concerns shift from awareness to active behaviour change. The significant savings offered through benefits such as Cyclescheme are compelling, but the appeal of reducing one’s carbon footprint is now a big draw in itself.
“80% of employees say they would choose additional benefits over a pay rise”
‘37% of employees want to see a focus on health, well-being and work-life balance’
Why Extras works
The unique mix of on-demand discounts is underpinned by a selection of simple, cost-efficient benefits that support employee well-being, giving your employees access to a range of regulated schemes via single sign-on.
80% of employees would choose additional workplace benefits over a pay rise. Extras is the cost-effective way to offer choice and make employees feel valued.
The UK’s most popular Cycle to Work scheme
An affordable way to buy the latest tech
Prepaid shopping card that earns employees money back on everyday spending
These schemes are proven to be effective. They are tried, tested, and approved by thousands of organizations, including many FTSE100 companies.
82%
of Cycleschemers feel less stressed thanks to their bike package
33%
of organizations reported a decrease in staff turnover after implementing Techscheme
56%
of bYond cardholders agreed that their card made them feel valued, loyal or engaged at work
Extras makes it easy to keep your employees engaged.
How Extras works
As an employer, you can configure your choice of benefits to suit your organization.
Extras on-demand gift card and eGift discounts come as standard. You can then pick which other benefits you want to offer your employees, and we’ll get you set up in no time at all.
The emphasis on choice extends to the employee experience too, with everyone getting the chance to sign up to the benefits that suit them. Employees can easily access and manage their Extras benefits 24/7 via a convenient single sign-on.
Why it’s good for employees The UK’s most popular Cycle to Work scheme allows employees to save 26-40% on a new bike and/or accessories while spreading the cost interest-free.
Cycling promotes good physical and mental health, helping your staff to look after their well-being.
More people want greener commuting options, and the freedom of cycling lends itself well to flexible working arrangements.
Why it’s good for you Healthier employees are proven to be more productive. Cyclescheme is also cost-positive for your business to run.
Why it’s good for employees
Techscheme saves your employees up to 13% on new tech and lets them spread the cost interest-free.
Through salary sacrifice, employees can save on a wide range of products, from laptops and tablets to dehumidifiers and smart home devices. Employees can also use the scheme to save on tech they’re buying as a gift.
Why it’s good for you
When employees can easily access tech that gives them a little more time for themselves, they bring more energy to their work. The scheme is cost-neutral for you to run and encourages financially responsible spending for your employees.