MONEY BOOST A SIMPLE GOAL SETTING TOOL FOR BIG PURCHASES
WHAT IS MONEY BOOST? A goal setting tool that encourages employees to put money aside for big purchases and rewards them with a 5% boost. THE EMPLOYEE JOURNEY: 1. CREATE GOAL(S) From a holiday or Christmas presents, to a new oven or tablet 2. SET UP REGULAR SALARY DEDUCTIONS Dependant on employees goal 3. WHAT THEY CAN T SEE, THEY WON T SPEND Money is automatically deducted from payroll 4. REWARDED WITH A 5% BOOST ON TOP OF THEIR GOAL Money Boost Visa card can be used on the high street and online The scheme is encouraging people to start saving money which should lead to good life habits in the future. HR and Operations Director, Quicklight Take a look at the Money Boost video
WHY CHOOSE MONEY BOOST FOR YOUR BUSINESS? Simple web tool Straight-forward to implement and for employees to use. Easy integration Integrates with your benefits platform via single sign-on or on its own, and it s simple to export a CSV file for payroll. Secure funds Funds are held independently by R. Raphael & Sons plc ( Raphaels Bank ), a UK bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Money Boost Visa card is also chip and PIN protected.* Encourage good money habits Encourage a goal setting mentality that helps employees plan ahead and put money aside for big purchases. Accessible any time Use Money Boost anytime, anywhere, on your PC, tablet or mobile. Communication toolkit Access to pre-built resources that promote your scheme, such as posters, email templates, word copy and intranet banners. *The Money Boost Visa card is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme ( FSCS ). As a responsible e-money issuer, Raphaels Bank ensures that once the funds are received, they are deposited in a secure account, specifically for the purpose of settling transactions made with the card.
WHERE TO USE MONEY BOOST? Employees are rewarded with a 5% boost when they use their money on a Money Boost Visa card. Employees can redeem their goal with well known brands on the high street and online. PERSONAL TO EMPLOYEES Employees can create multiple goals, edit their salary deductions and goal length, as well as transfer their funds to their own bank account.
GETTING SET UP Simple. Easy. Secure. INVITE Use the template provided or add your specific URL to your company s intranet. COMMUNICATE Access to web copy, posters, presentations and roadshow materials. ORDER Simply export a CSV file for payroll. Funds are securely transferred and Money Boost Visa cards are regulated by the Financial Conduct Authority as an electronic money product.
THE BENEFITS OF MONEY BOOST BROAD EMPLOYEE APPEAL Relevant to all employees and offers flexibility as they can set multiple goals whenever they want, for how long they want. AN ENGAGED WORKFORCE Promote a positive culture of engagement between you and your employees by helping them achieve their goal with this self-rewarding benefit. AN ENHANCED BENEFITS PACKAGE Stand out by offering this exciting employee benefit, which includes the option for you to top-up employee s plans, giving a non-cash alternative to bonuses, commissions and rewards.
ABOUT SODEXO Sodexo Benefits and Rewards Services helps attract, motivate and retain valuable employees for its 410,000 clients worldwide. 18.4 BILLION EURO CONSOLIDATED REVENUES 18.4 BILLION EURO CONSOLIDATED REVENUES 18.4 LARGEST EMPLOYER WORLDWIDE North America 38% United Kingdom and Ireland 7% 21% REVENUE PER SEGMENT On-site services 428,000 LARGEST Rest of the World EMPLOYER WORLDWIDE 34% Breakdown of revenues by geographic zone 18 th 33,000 4% Benefits & Rewards services 96% BILLION EURO th CONSOLIDATED 33,000 RGEST PLOYER RLDWIDE REVENUES SITES 428,000 EMPLOYEES 80 18 th 33,000 LARGEST EMPLOYER WORLDWIDE SITES countries 18 th 33,000 EMPLOYEES 428,000 EMPLOYEES SITES SITES Continental Europe 75 MILLION CONSUMERS PER DAY
CONTACT SODEXO CONTACT US 01276 418899 marketing.br.uk@sodexo.com www.sodexobenefitsrewards.co.uk The Money Boost Visa card is issued by R. Raphael & Sons plc, a UK bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registration number 161302) and permitted to issue e-money. Head office and registered office at 19-21 Shaftesbury Ave, London W1D 7ED, company registration number 01288938.