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Employee Discounts Every Biotech Company Should Offer to Stay Competitive

two biotech employees

Attracting and keeping the best talent is crucial for long-term success in the competitive biotech industry. One of the best ways to stay competitive is to offer discounts on goods and services. Employee discount programs are used by companies to help retain their employees and provide ways to have a good work life balance. In this blog post, we’ll share some of the most impactful employee discounts that biotech companies should offer their employees to stay competitive.

Health and Wellness

Biotech employees can work long hours and it can be hard to find time for healthy living activities. Which is why health and wellness discounts can be a great way to encourage your employees to take time out for themselves and to take care of their well-being. Some discounts you can offer your employees are:

  • Gym membership reimbursement
  • Wellness assessments
  • Local fitness classes

Other ways to help employees with their work-life balance and well-being that go beyond fitness are:

Travel Discounts

Conferences, meetings, and other work-related travel are common in the biotech industry. Companies that offer employee discounts on travel and transportation expenses can reduce the financial burden on their employees. When you sign up for our program, you can see all the travel deals under the "Travel Tab." Then from the portal, you can click to each travel merchant's website to book directly with them.

Entertainment Discounts

Offering discounts on entertainment activities can go a long way in keeping employees happy and motivated. Discounts on movie tickets, theme parks, and local attractions can help employees de-stress after long hours of work. Such benefits can show that the company values its employees' work-life balance, leading to better retention rates. Which correlates with The Muse’s annual user survey that found "75% of respondents are planning to look for a new job sometime within the next 12 months [and] work-life balance is the most important feature in a new job (70% said so!)." Contact us to learn all the different entertainment partners we have?locally and nationally!

Engagement and Productivity

According to Gallup’s Exceptional Workplace Award, the companies that were on the list maintained engagement with their employees "by using their organizational culture and values to guide business decisions, embracing flexible and hybrid work while maintaining strong connections between managers and employees -- keeping performance, collaboration, employee wellbeing, and the customer at the center of how work gets done." By implementing wellness programs, you not only prioritize your employees' well-being, but you also create a connected community within your workplace for team members to bond over shared challenges and activities.

Professional Development

In biotech, keeping up with the latest trends and advancements is crucial to stay competitive. Companies that offer professional development courses, workshops, and training are more likely to attract and retain top talent. Discounts on these learning opportunities can be highly motivating for employees looking to further their skills and knowledge, and to know that their employee wants to help them stay ahead of the curve.

Competitive Salary

Attract and keep the best talent in biotech with competitive pay. Compare salaries to industry standards, taking into account the unique skills and knowledge needed in the biotech industry. 

By offering these employee discounts not only will you boost productivity and increase morale, but it can also help reduce sick days and absenteeism. Word will get out that your company is one of the best biotech companies to work for because of your great benefits and work-life balance. Invest in the well-being of your employees now and you will reap the rewards! Contact us to schedule a demo and get a deep dive into what our platform can offer your company.