Today, we are officially launching our new company, PeopleKeep. Read on for more information about PeopleKeep and what this means for you.
Our story
While working with small businesses for nearly a decade, our team discovered a big problem: After wages, benefits were the top influencer for where we work, yet every year, fewer and fewer small businesses were offering benefits. We soon realized what small businesspeople have known for years: Offering traditional group benefits sucked because they were too expensive, too complex, and too one-size-fits-all. It wasn’t that small businesses didn’t want to offer benefits. It was that they couldn’t. They needed a new way that was simple, painless, and personal. PeopleKeep was founded in June 2015 to create this new way called personalized benefits. Our personalized benefits automation software helps small businesses save time, save money, and worry less.
Ready to offer a QSEHRA for your small business?
Our point of view
Offering employee benefits shouldn’t suck.
Offering traditional group benefits sucks. Why? They’re too expensive, too complex, and too one-size-fits-all. Over the last 15 years, group health insurance costs have tripled. Today, less than 50 percent of small businesses offer group health insurance, and less than 15 percent offer a 401(k). Recent reforms have only made it harder, and costs are expected to continue to rise. After wages, benefits are the top influencer for where we work. Yet every year, fewer and fewer small businesses are able to use benefits to hire and keep their people. UNTIL NOW.
With PeopleKeep, it’s simple, painless, and personal for everyone.
We’ve come up with a new way called personalized benefits. Most people believe benefits are the services a company offers, such as a health insurance plan or 401(k). With personalized benefits, it’s the opposite. Companies give employees tax-free money to spend on the consumer services they find most valuable. It’s as simple as wages. The company sets a monthly benefit allowance, and employees buy what fits their personal needs. This saves companies and employees an average of 35 percent in taxes compared with wages while avoiding the pains of offering traditional group benefits.
Our mission and vision
PeopleKeep’s mission is to personalize benefits for small businesses because:
- Work is where people go to thrive.
- Benefits exist to satisfy people’s most basic needs.
- After wages, benefits are the top influencer for where we work. Yet every year, fewer and fewer small businesses are offering benefits.
We envision a solution that allows small businesses to define a monthly benefit allowance that employees personalize across all benefits (health, retirement, education, cell phone, transportation, etc.) based on their family’s needs.
What are personalized benefits?
Personalized benefits are a new way to offer benefits. Until now, most small businesses have been unable to offer traditional group benefits because they’re too expensive, too complicated, and too one-size-fits-all. Most people believe benefits are the services a company offers, such as a health insurance plan or 401(k). With personalized benefits, it’s the opposite. Companies give employees tax-free money to spend on the consumer services they find most valuable. It’s as simple as wages. The company sets a monthly benefit allowance, and employees buy what fits their personal needs. This saves companies and employees an average of 35 percent in taxes compared with wages while avoiding the pains of offering traditional group benefits.
Why small businesses choose PeopleKeep
There are three primary reasons why thousands of small businesses choose PeopleKeep:
1. PeopleKeep makes offering benefits simple and painless. Offer benefits in less than 15 minutes per month. PeopleKeep works with your company's existing payroll and accounting software as well as employees’ existing insurance companies, doctors, and pharmacies. Our world-class support team gives you the help you need, when you need it.2. PeopleKeep creates tax savings for everyone. PeopleKeep is better than wages. Companies save on payroll taxes and employees pay no income taxes. PeopleKeep creates an average of 35 percent in tax savings compared to a wage increase—that’s $1,500 per year per employee.
3. PeopleKeep gives you peace of mind. Hire and keep your people with a formal benefits program. Employees are three times more likely to recommend PeopleKeep than traditional benefits. In addition, real-time updates and automated recordkeeping keep you in compliance with tax, labor, and privacy laws.
How PeopleKeep works
PeopleKeep is changing the game with automation. Here’s how it works:
1. Create a PeopleKeep account. We'll guide you through a quick account setup.2. Launch your benefits program. Determine your contributions and invite employees.
3. Employees buy what fits their personal needs. PeopleKeep helps each employee personalize their benefit.
4. PeopleKeep automates the rest. Focus on your business, not your benefits.
What this means for existing Zane Benefits customers
Zane Benefits will continue to operate as a fully owned subsidiary of PeopleKeep. This means customers will continue to have access to the ZaneHealth solution for 2018. If you are a Zane Benefits customer and would like to transition your company to PeopleKeep, we will waive all setup fees. Contact your customer success manager for more information.
To all of our ambassadors, customers, and users, thank you for your support over the last several years. We’re just getting started.
