Did you know that Honeybee is great for companies of all sizes? Whether it’s a startup that is new to employee benefits or a larger company looking for a more modern plan, Honeybee has the solution that works for everyone. Every company, big or small, has one main goal in mind: to grow their business, and because of Honeybee’s unique approach to benefits, companies will never outgrow it.
To give you an example, we have a client, an AI startup, who signed on to Honeybee this year and is growing fast. They started with approximately 20 employees only a few months ago and already have doubled in staff. Here are four reasons why they, and others, have chosen Honeybee, and how the platform is helping them advance:
1. Businesses are in need of solutions to help them grow
The high growth stage can be an exciting time for a business, but it’s also overwhelming. With growth comes more employees, which add even more work. Managers have to help onboard and train new employees, which can take days to months, and then there’s all the paperwork. It’s easy when it’s one new employee, but startups grow fast and larger companies are hiring people every day.
Honeybee makes it easy for HR and plan administrators to onboard new hires for employee benefits so they can focus on the more important stuff, like hiring the right candidates, improving productivity within their workplace and keeping employees happy. All plan admins need to do when there’s a new hire is to go online and add in basic employee information, like their name, email address and onboarding date. Employees do the rest directly online and through the Honeybee app. It’s a simple process that takes only minutes to complete!
Also, as businesses grow, the culture of their workplace, their staff demographic and current employee needs change. An average workplace has employees from all generations, young and old, with unique lifestyle and health needs. Honeybee makes it easy for employers to adjust plans year to year without starting from scratch. Plus, it’s designed to give employees the freedom to personalize their benefits, as well, so that the plans work for everyone.
2.Tech companies are looking for digital solutions
The Canadian tech industry is booming, with Toronto leading in as the top fourth in talent in North America. Last year, 28,900 technology jobs were created in Toronto – and the numbers are growing fast. Other cities such as Ottawa, Montreal and Vancouver are also in the top 25. The future of technology is here and the industry is booming. Businesses are moving into the mindset of digital solutions. Our client in the AI sector is one of those businesses. They help companies improve their customer support through AI-powered chatbots. They are in the business of using technology to improve productivity and responsiveness, so it was only natural for them to seek the same from their employee benefits provider.
Traditional benefits are quickly becoming a thing of the past. Honeybee helps companies make the transition to digital benefits easy, without the need to change their current plan. By selling Honeybee to your clients, you will be helping them find the digital solution they’re looking for – without them having to leave you to get it.
3. Startups are quickly facing more competition
Toronto’s MaRS Discovery District has teamed up with the University of Toronto to launch a new office location in 2021 that will accommodate over 3,300 employees of various start-ups. This new development sparked after MaRS’ 780,000-square-foot space came to a 99.8% capacity. Not only is Canada being recognized as a top hub for tech startups, attracting new innovators and investors, but current startups are growing fast and are also in need of space to scale. So, startups are not only competing with other startups, but pretty soon larger tech corporations will be facing competition as well.
Just look at former startups Hootsuite, Shopify and Salesforce who are now among the top 25 companies where Canadians want to work most. The companies on this list were chosen based on interest and engagement of LinkedIn users, plus employee retention rates. So, what makes these businesses stand out? Two things: their brand reputation and job perks.
One of the most popular features of Honeybee is the Allowance Account for the purpose of helping companies attract and retain employees by helping them create an attractive workplace culture. It allows employers to offer unique benefits and perks that today’s workforce is seeking, such as an allowance for educational growth or funds to help with fitness, wellness, transportation, and even pet care. Employers can customize their employees’ Allowance Accounts to fit their budget and the vision they have for their company culture. They can start with a small fund, and as they grow, they can add in more targeted benefits. For example, our AI client hasn’t hit their one year mark with us yet, but when they do, we have reports of their employees’ benefits usage that will provide detailed insights to help them make improvements to their plan.
4. Employee benefits should be simple, not complicated
This was our AI client’s first time offering their employees benefits. Many of their employees had not had any previous experience with benefits. Naturally, they’d have questions as to what they’re getting and how it works. However, Honeybee makes it easy for employees to see their plans in real-time. They’re able to see all their benefits in the Honeybee app at any time, anywhere, including their coverages, flexible account balances, claims and transactions, and a full suite of features that make benefits easy and engaging. Their benefits card is also available in the app, so they can easily provide the information at their clinic or pharmacy to get covered instantly. Likewise, they can submit claims right away by taking a photo of their receipt and uploading it to the app. Our app is created for usability, so it’s simple and easy to use, without any distractions, which is why our clients prefer Honeybee over other digital employee benefits platforms.
Contact your Executive Benefits Consultant or email us at email@example.com to book a personalized demo session for your client – we’ll show them how Honeybee can help their business grow and stand out amongst the competition.