JOON reposted this
People often ask us, “Who is your biggest competitor?” .... Without a doubt, the answer is Paycheck Stipends. You might notice—that’s not the name of a venture-backed startup. It’s the practice of simply adding $50/month to employees’ paychecks and calling it a wellness benefit. On the surface, it seems like a quick and easy solution. Employees want a wellness stipend? "Great! Just add $50 to their paycheck… they’ll love it!" But human psychology doesn’t work that way. When that $50 gets absorbed into a paycheck, it becomes invisible—employees don’t see it as a real benefit, which means they don’t recognize or appreciate it. Check out our latest article on how JOON’s reimbursement model leverages validated principles from behavioral psychology/economics to ensure employees actually see, value, and use their benefits. #product #psychologyofmoney #incentives #employeebenefits #employeewellbeing #hrtech #benefits #reimbursements