As employers fight to attract and retain the best employees, lifestyle spending accounts (LSAs) have emerged to expand benefit programs in a more personalized way. Amid today’s highly competitive war for talent, the Alegeus LSA offers a differentiated solution – designed to fuel your business growth while driving better outcomes for employers and consumers.
Alegeus LSAs decrease the burden placed on HR teams to manually administer perk programs.
Employers can fund participant accounts to predefined amounts per employee, set limits and restrict spending for specific types of products/services.
Should employees’ needs change, employers can easily add more dollars to the account or update spending types.
Programs can be designed for employees to spend on what matters most to them, such as education, family planning, fitness or supplies.
Unlike cash or gift cards, employers only pay for what's used; unspent funds will be returned to them.
Backed by an industry-leading client support team and powered by modern SaaS-based technology, the Alegeus LSA spans a variety of programs.
Professional development
Provide funds for college courses, trade & vocational schools and other types of training
Work-from-home
Support a remote workforce by funding utilities, home office equipment, furniture and supplies
Leisure & hobbies
Promote work/life balance by offering money for museum & amusement park passes, hobby shops and bookstores
Healthy living
Increase employee engagement in their health with gym memberships, sporting goods, athletic clothing and beyond
Family care
Show support for a diverse workforce through offerings like childcare, elder care services, vet services and pet supplies
Food
Provide opportunities for healthy food purchases, which can lead to higher satisfaction and productivity
The employment landscape has experienced seismic change in the past few years. Workforces are increasingly diverse and spread out geographically and remotely. Employees want and need more than just a salary and traditional benefits. Through lifestyle benefit offerings, you can help your employer customers combat these challenges. Lifestyle benefits allow employers to demonstrate support for their employees’ personal and professional well-being, helping to reduce turnover and increase loyalty and engagement. Our recent webinar, “Lifestyle Spending Accounts: Positioning You to Capture the Next Wave,” details the large and growing market opportunity for LSAs.
Define or limit spending by choosing the specific retailers or categories that are eligible.
Employers can offer employees the things they both need and intrinsically want.
Flexibility to adjust and refine to promote positive outcomes and happy employees.
The Alegeus LSA is white-label throughout, giving you the chance to build brand equity and consumer confidence.