Circular Benefits provides a unified platform for businesses to offer comprehensive employee benefits, including salary sacrifice schemes, lifestyle discounts, and wellbeing programs. This integrated solution simplifies benefit administration and enhances the employee value proposition for companies of all sizes.
Funding
Funding not disclosed
Founders
Product
Problem
Small and medium-sized enterprises (SMEs) face challenges in providing comprehensive employee benefits due to the high costs, limited customization, and lack of dedicated support associated with traditional benefit platforms. This gap hinders their ability to attract and retain talent, impacting overall organizational success.
Solution
Circular Benefits offers a unified platform designed to simplify the delivery of diverse employee benefits for businesses of all sizes. The platform consolidates salary sacrifice schemes, lifestyle discounts, and health and financial wellbeing programs into a single, user-friendly interface. This approach allows companies to enhance their employee value proposition efficiently, regardless of their operational scale. By providing a streamlined and cost-effective solution, Circular Benefits empowers HR teams to focus on employee engagement while managing benefit complexities seamlessly.
Target Audience
The primary target audience includes small to medium-sized enterprises (SMEs) seeking to enhance their employee benefits packages, as well as HR software providers and advisory firms looking to integrate value-added services for their clients.
Features
- Integrated platform for salary sacrifice, lifestyle discounts, and wellbeing programs.
- Customizable benefit packages adaptable to various business sizes.
- Seamless integration capabilities with existing HR and payroll systems via API.
- Access to a marketplace of over 50 partner brands for salary sacrifice schemes, including IKEA, ASDA, Halfords, and Currys.
- Lifestyle discounts featuring up to 60% off cinemas, retail cards from 120+ brands, and weekly updated vouchers.
- Health and wellbeing resources including access to over 270 Les Mills fitness classes, discounted health screenings, and mental health support.
- Financial wellbeing tools offering expert advice, webinars, guides, and free will services.
- HR administration portal for managing users, approving applications, and generating reports.
- A 'shop now pay later' module for salary sacrifice benefits.