16 September 2024 – Paymentology, the leading global issuer processor, today announces the launch of its vox pop report “Employees with Benefits” report in collaboration with FTT Embedded Finance and VC innovations.
The "Employees with Benefits" report includes insights from leading organisations such as Workday, CoverFlex, HariGaji, Equals Money, Rain, VC Innovations and Paymentology. Together, these insights provide a comprehensive overview of how digital benefits distribution is transforming workplaces and enhancing employee satisfaction across the globe.
Key topics explored in the report include:
- Integration of advanced technologies such as AI, real-time data analytics, and digital payment platforms.
- Shift toward corporate and expense cards, digital payments, and end-to-end payroll management.
- Critical role of API integration in connecting digital payment systems with an organisation’s partner ecosystem.
Anna Porra, Chief Revenue Officer at Paymentology commented: “As the gig economy expands and remote work becomes more entrenched, the demand for flexible, on-demand access to wages and benefits will continue to rise. Companies that embrace these trends early will gain a competitive edge, attracting top talent by offering dynamic and adaptable benefits. Ultimately, the future of employee benefits lies in innovation and adaptability, with digital payments and technological integration at the forefront, positioning companies to thrive in a rapidly changing global economy.”
As global interconnectedness accelerates, the demand for technological innovation is at an all-time high, pushing industries to adopt digital strategies to remain competitive in a fast-paced environment. Luis Rocha, Co-founder & CMO at Coverflex, added: “We’re leading a pan-European movement to bring better, more flexible benefits to the pockets and fingertips of every employee. That is only possible through the advances in technology that are making smartphones smarter and payment services more advanced.”
Lisa Moyle, Chief Strategy Officer at VC Innovations, concluded: “According to the World Economic Forum, 59% of professionals in Europe say they wouldn’t work for a company that doesn’t share their values, and not even a pay rise would change their minds. This isn’t a phase. Much like the changes witnessed across the financial services sector, a one-size-fits-all approach to employee practices and remuneration does not match the realities of the modern world of work. Traditional modes of rewarding employees, outside of salaries, bonuses, and pension contributions, are simply not enough to retain talent. With increasing competition, companies are feeling the need to expand their offerings, proposing more attractive and convenient forms of compensation.”
The "Employees with Benefits" report offers valuable insights for organizations looking to stay ahead in the global economy. For more information, or to download the full report, please visit: https://bit.ly/3ML8IAa
