Corporate Discounts

Corporate discounts are employee perks that offer special pricing on everyday products and services. From retail and travel to tech and wellness, these benefits enhance job satisfaction, improve financial well-being, and help companies attract and retain talent.

This glossary covers what corporate discounts are and why they’re a valuable part of any employee benefits package.

What are corporate discounts?

Corporate discounts are special rates or benefits offered to employees as part of their company’s perks or benefits program. These discounts apply to a wide range of products and services—including retail, travel, dining, and telecom—and are designed to enhance the employee experience by providing everyday savings.

The goal is to boost employee satisfaction and loyalty while adding value to the overall compensation package.

Why do companies offer corporate discounts?

Companies offer corporate discounts for several strategic reasons that benefit both employees and the organization:

Enhance satisfaction and retention: Discounts help employees feel appreciated, which can lead to improved morale, stronger loyalty, and lower turnover.
Attract top talent: A robust benefits package, including discounts, can help a company stand out to job seekers evaluating employment offers.
Support vendor partnerships: Offering discounts through vendor collaborations promotes mutual value, boosts sales, and strengthens external relationships.
Help employees save: Discounts on everyday purchases reduce financial stress and contribute to employee well-being, creating a more supportive and positive workplace culture.

What are the benefits of offering corporate discounts to employees?

Offering corporate discounts provides both employees and organizations with valuable benefits:

Boosts satisfaction and morale: Tangible perks make employees feel valued, increasing job satisfaction.
Improves retention: Discounts show care for employee well-being, encouraging long-term loyalty.
Attracts talent: Competitive benefits, including discounts, can influence candidate decisions.
Supports financial well-being: Helping employees save on daily expenses reduces stress and enhances productivity.
Strengthens culture: Shared access to perks builds a stronger sense of community and belonging.
Marketing and partnerships: Discount programs can open doors to vendor collaborations and brand exposure.

How can employees access corporate discounts?

Employees can access discounts through several channels:

Discount platforms: Many companies use platforms where employees register to access exclusive deals.
Proof of employment: Employees may need to provide a company ID or pay stub to verify eligibility.
HR communication: HR teams typically promote and guide employees on accessing these programs.
Vendor agreements: Some discounts are available directly via vendor sites if the company has a pre-existing deal.
Mobile apps and portals: Many programs offer apps or portals for easy access to discounts anytime, anywhere.

How do you effectively promote corporate discount programs?

To boost participation, companies can promote discount programs using the following tactics:

Clear communication: Use emails, newsletters, and intranet to explain how the program works and its value.
Engaging materials: Design eye-catching posters and flyers for internal platforms.
Company events: Promote discounts at town halls or internal events with presentations or info booths.
Success stories: Share testimonials from employees who’ve benefited from the program.
Incentives: Offer small rewards or run contests to encourage participation.
Regular reminders: Keep employees updated about new discounts or changes.
Create community: Encourage staff to share their savings stories via internal social channels.

How do you measure the success of a corporate discount program?

Key ways to track the effectiveness of your discount program:

Participation rates: Track how many employees enroll. Higher rates indicate strong interest.
Usage and redemption: Monitor how often discounts are redeemed to gauge utility.
Employee feedback: Use surveys or discussions to assess satisfaction and gather suggestions.
Financial impact: Evaluate whether employees are saving money and if the program improves retention or productivity.‍
Goal achievement: Define and assess whether the program is meeting objectives like boosting engagement or morale.

Employee pulse surveys:

These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).

One-on-one meetings:

Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.

eNPS:

eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.

Based on the responses, employees can be placed in three different categories:

Promoters
Employees who have responded positively or agreed.
Detractors
Employees who have reacted negatively or disagreed.
Passives
Employees who have stayed neutral with their responses.

How Empuls can help with corporate discounts

Empuls makes offering corporate discounts easy by integrating them into your employee engagement strategy. Here's how it helps:

Wide range of discounts: Empuls provides access to exclusive discounts across categories like retail, travel, and wellness.
Easy access and customization: Employees can browse and redeem discounts easily on the Empuls platform. Companies can tailor offerings based on employee preferences.
Boosts engagement: These perks help employees feel valued, which improves morale and loyalty.
Cost-effective: Empuls automates the discount process, reducing administrative workload and improving efficiency.
Seamless integration: Corporate discounts are part of a larger rewards ecosystem—tied to recognition and wellness initiatives.

Empuls supports a culture of appreciation while promoting financial well-being and motivation.

Explore how Empuls can help your organization