Employee engagement
Roger Collins
January 17, 2020
6 min.

Stipends for Remote Employees

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Stipends for Remote Employees

Roger Collins
July 31, 2020
Stipends for Remote and In-Office Employees

If you are in the business of e-commerce, technology, finance, marketing and advertising or any other verticals that enable your job to be done from your computer, it appears as though the days of seeing your colleagues in the office every day are apparently over.

Jack Dorsey, CEO of both Twitter and Square, will be taking a step towards forever remote-first work, stating that he wants “employees to be able to work where they feel most creative and productive”. Even Facebook and Google are monitoring how productively their employees can be working from home, allowing them to work remotely for the remainder of 2020. These four companies combine for a near whopping 300,000 employees globally; four giants among many other companies who are considering the same workplace policies at the time of writing.

While most employees in these companies will have the option to work remotely, some will also have the option to return to work when offices are elected to open again as maximum gathering restrictions begin to ease. It appears that we are entering a new normal in how we will arrive at work each day. With these changes happening so rapidly, there will be a shift in how we provide personalized perks to our employees while combating the administrative burden of distributing them at scale.

Many companies who are considering moving to a remote-first workforce provide perks that are seemingly only accessible to in-office employees, such as lunch programs, on-site activities and social gatherings. The consequent effect of working remotely is that we must now reinvent how perks are personalized to the individual, that also doesn’t burden our finance and HR departments with mountains of administrative work. And in walks stipend management software.

What is a Stipend?

A stipend is a fixed sum of money paid to an employee, trainee, intern, researcher, or graduate student to pay for fringe benefits or help offset expenses. Here at Hoppier, the #1 stipend management software company, we’ve seen a rise in employers who are exploring the idea of offering partial, or their entire perk stack to employees, via stipends. The overarching benefit of offering work perks to employees via a stipend management software is reducing the administrative burden by pre-approving individual budgets to accomplish the same goal for all employees, in-office or remote alike.

Personalized Perks at Scale

Stipend management software is steeply growing in the minds of top HR leaders and executives as a way to provide personalized perks to all employees across their organizations without the administrative burden. Ultimately, perks are important because they reduce churn, improve morale and productivity, and create a positive overall employee experience. Stipend management software, such as Hoppier, allows your organization to create a stipend, set an allowance and control spending to ensure the intent of the program is being accomplished. 

Below are the top stipends being offered via stipend management software today.

Stipends for Remote Employees

  • Wellness stipend for subscription apps or activities that promote a healthy mind (Headspace, Calm, Talkspace,...)
  • Wellness stipend for subscription apps or activities that promote a healthy body (Aaptiv, ClassPass, MyFitnessPal,...)
  • Lunch stipend for weekly lunches (Doordash, UberEats, HelloFresh,...)
  • Work from home stipend to set up a comfortable home office and for monthly consumables (Ikea, Office Depot, Wayfair,...)
  • Professional growth stipend to keep learning new skills and get inspiration from field experts (Udemy, Udacity, Audible,...)
  • Personal productivity stipend to help your teams save time and focus on what matters most (Evernote, Superhuman, Todoist,...)
  • Charity stipends to allow employees to donate to charities of their choice
  • Onboarding stipend for new employees who need equipment to get set up for success
  • Birthday stipends as a special way to recognize employee birthdays
  • Achievement stipends to say thanks for a job well done, or work anniversaries
  • Student debt relief stipend (non-taxable until the end of 2020)
work-from-home essentials remote employees

Scaling to your entire team

1. Create a free account on Hoppier.com

Hoppier Stipend Management Software

2. Choose the perks your employees love

3. Assign and manage budgets for each stipend

4. Every team member gets a virtual Hoppier card

5. Enjoy your new perks!

Conclusion

The world is changing before our eyes. If it is possible for your employees to get their job done from home, there’s a high likelihood that they will have the option to work from home for the foreseeable future, so long as we continue to make remote work an easy and productive experience. As a result of this, the landscape for how we offer perks and what perks we offer will be changing as well. Using a stipend management software such as Hoppier will ensure that keeping your employees motivated, productive and happy is an efficient and pleasant experience.

Book some time with one of our program specialists today if you’d like a free demo of Hoppier.

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