Benefits of food stipends
There are plenty benefits to offering your people a meal allowance, below we highlight the most common five.
1. Happier people and increased productivity
Your people will purchase the food they genuinely need to make their remote work life easier and more comfortable. When people can easily refuel in ways that satisfy their convenience, tastebuds and dietary needs, they're happier and more productive.
2. Attract & retain talent
Catered meals were a staple in many offices across the nation pre-COVID. However, how many companies have been able to continue this since COVID began? Not too many.
As this Protocol piece points out, people are mourning the loss of their free lunches and snacks. You can stand out against the crowd by adapting and offering a food stipend today so that your employees get support for their most basic life needs.
3. Equitable & inclusive
Today more than ever, people's diets are varied due to preferences, intolerances, and allergies. With a food stipend or grocery allowance you're able to create an employee lifestyle benefit that supports everyone, regardless of whether they're paleo, vegetarian, vegan, gluten-free, dairy-free, and more.
If offering free lunches or meals to your people is a priority, this is one of the most cost-effective ways to do so.
Catered meals on-site are a thing of the past and it is also a time-consuming process to make sure the right amount of food is delivered, at the right time, while also ensuring people have the food they need (e.g. paleos, vegetarians, vegans), and the office space is cleaned up afterward.
Food allowances allow people to get the food they want while sticking to a budget, and without worrying about the time or costs of cleaning-up.
If you want to see why they're so cost-effective, see how much you could be saving by using Compt to manage your meal stipend.
A food stipend is an easy and scalable way to set your people up with the food they want. Additionally, the right perk management software can also help ensure that taxes are accounted for, always.