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Personalized Benefits: A Smarter Retention Strategy for SMBs

Blog

Retaining great employees isn’t just about paychecks and promotions — it’s about creating an experience people want to stay for. For small and mid-sized businesses (SMBs), building that kind of workplace can feel challenging, especially when resources are limited. One of the most effective — and often underestimated — ways to strengthen loyalty? Personalized benefits that meet employees where they are in life. Here’s how this approach can transform retention and help you keep the people who make your business thrive. Why Traditional Benefits Aren’t Enough Anymore Offering health insurance, 401(k) plans, and PTO used to be enough. But today’s workforce wants more — and expects more. Employees aren’t just looking for more perks — they’re looking for benefits that feel personal, flexible, and relevant to their everyday lives. It’s not about the flashiest offering—it’s about meeting people where they are. According to MetLife’s 2023 Employee Benefit Trends Study, one of the biggest drivers of employee wellness is simply feeling cared for by their employer. Yet 42% of employees say they don’t feel cared for at work — a gap that directly impacts retention, engagement, and performance. Personalized benefits are one of the clearest ways to close that gap. When employees can choose perks that actually align with their lives — whether it’s mental health support, pet care, learning opportunities, or family assistance — it sends a clear message: We see you. We value you. For small and mid-sized businesses, this kind of care-driven strategy can be a powerful differentiator. What Are Personalized Benefits? Personalized benefits go beyond one-size-fits-all packages. They’re flexible, lifestyle-driven perks that employees can tailor to their unique needs, interests, and life stages. Think: With a platform like LIVD, employees get a curated set of lifestyle benefits they actually want — boosting satisfaction and long-term loyalty. How Personalized Benefits Improve Employee Retention 1. Boost Employee Engagement When people feel seen and supported, they’re more engaged. Personalized benefits show that you understand your employees are more than their job titles — they’re individuals with different goals and lifestyles. 2. Create a Competitive Advantage In a tight hiring market, personalized perks help you stand out — especially when competing with larger companies. They send a message: We care about our people, not just policies. 3. Improve Morale and Well-Being Burnout, stress, and lack of work-life balance are top reasons employees leave. Lifestyle benefits that support mental health, wellness, and financial stability help prevent turnover before it starts. 4. Foster Loyalty Over Time People stay where they feel valued. Offering perks that grow with your team — like milestone rewards or tenure-based lifestyle upgrades — encourages employees to stick around longer. Real-Life Examples of Personalized Perks That Work Here are a few modern benefit ideas SMBs are using right now: How SMBs Can Get Started You don’t need a massive HR team or enterprise-level budget to offer great perks. With LIVD, you can: ✅ Provide employees with flexible benefit options✅ Control costs and set monthly allowances✅ Customize categories that match your company culture✅ Track usage and engagement in one place It’s simple, scalable, and built for growing businesses that want to do things differently. The Bottom Line Employees aren’t just looking for jobs — they’re looking for experiences. By offering personalized benefits, you show that your company values people over policies. And when people feel valued, they stay. Want to see how personalized benefits can help your team thrive? 👉 Book a demo with LIVD and start rethinking retention today.

July 30, 2025 / Comments Off on Personalized Benefits: A Smarter Retention Strategy for SMBs
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Building Stronger Healthcare Teams with Smarter Perks

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Burnout and turnover are pushing healthcare teams to the brink — especially in small and midsize practices. According to Press Ganey’s 2025 Employee Experience Report, nearly half of all healthcare workers report symptoms of burnout. First-year turnover for support staff now exceeds 22%, and it’s not slowing down. But it’s not all bad news. Forward-thinking practices are flipping the script — by investing in people, not just protocols. The most resilient teams aren’t just surviving. They’re thriving. These organizations are building a culture where employees feel valued, supported, and empowered to thrive. The Reality: Small Practices, Big Pressures Small healthcare practices face unique challenges: But here’s what’s working: prioritizing perks that support everyday life — not just work life. What Resilient Healthcare Teams Do Differently 1. They Offer Benefits That Feel Personal Today’s healthcare professionals want options. Flexible perks like wellness stipends, mental health resources, or support for childcare go further than one-size-fits-all packages. In fact, practices that offer personalized benefits see up to 32% higher retention (Vantage Circle, 2025). With LIVD: Set a monthly perk budget and let your team choose what supports them —  whether it’s wellness, gym memberships, or groceries. 2. They Recognize Their People — Often Recognition doesn’t need to be grand to be meaningful. A thoughtful shout-out, a birthday perk, or a quick thank-you can go a long way in making someone feel seen. With LIVD: Automate milestones, peer-to-peer recognition, and meaningful rewards — so no one’s contributions go unnoticed. 3. They Invest in Growth, Not Just Roles Resilient teams are built on trust and opportunity. Offering development pathways — like certifications, cross-training, or mentorship — shows employees they have a future with you, not just a job. 4. They Make Admin Invisible Manual spreadsheets, paper forms, and scattered platforms only add to the chaos. The right tools simplify everything — from distributing perks to tracking impact — so your team can focus on patients, not paperwork. With LIVD: Manage perks, track usage, and measure retention — all in one place. The LIVD Advantage: Supporting Healthcare Teams With LIVD, healthcare practices can: Supporting Healthcare Teams, Every Day Small and midsize practices can’t outspend the big players — but they do have what really matters: the ability to care deeply for their team. When you show your team you see them as a whole people — not just job titles — you earn loyalty, reduce burnout, and build a workplace they’re proud to be part of. LIVD helps you make that possible — without adding more to your plate. Want to see how LIVD can help your healthcare team thrive? Book a quick demo → Sources & References 

July 17, 2025 / Comments Off on Building Stronger Healthcare Teams with Smarter Perks
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How Restaurant Teams Can Beat Turnover with Flexible, Personalized Benefits

Blog,  Employee Engagement,  Retention,  Small Business HR

If you manage a restaurant, you already know turnover is a constant challenge—but do you know just how much it’s costing your business? Industry research shows the average cost to replace a single front-of-house employee is over $5,800, and with annual turnover rates in restaurants hovering around 80%, even a small operation could be losing tens of thousands of dollars a year (Toast, 2024; Clover, 2024; TimeForge, 2025). The Real Numbers: What Turnover Is Doing to Your Bottom Line Where does the money go? Why Are Restaurant Employees Really Leaving? Verified industry surveys point to these pain points: What Actually Works: Solutions Restaurant Managers Can Use Now Traditional perks like gym memberships or generic discounts don’t move the needle for today’s teams. What does? Benefits that fit real life. The most effective operators offer flexible, personalized perks—like monthly credits for wellness, transportation, childcare, or professional development—so every employee feels valued. Practical steps you can take right now: The Bottom Line Turnover is expensive, but it’s not inevitable. Understanding the real costs and investing in what your team truly values can break the cycle, boost morale, and keep your best people on board, saving your restaurant thousands and strengthening your guest experience. Supporting Restaurant Teams, Every Day Running a restaurant is tough, especially when high turnover and burnout threaten your team and bottom line. But you don’t have to compete with big brands to build loyalty and keep your best people. By focusing on recognition, flexibility, and benefits that truly matter to your staff, you can create a workplace where employees want to stay and grow. At LIVD, we’re committed to helping restaurant owners and managers like you build engaged, resilient teams—without breaking the bank. Our platform makes it easy to offer personalized perks, streamline administration, and show your team they matter. Sources & References

June 10, 2025 / Comments Off on How Restaurant Teams Can Beat Turnover with Flexible, Personalized Benefits
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Losing Great People? Your Benefits Might Be the Problem

Blog,  Fringe Benefits

It’s tough to admit—but sometimes, when your best people leave, it’s not about pay or title. It’s about what they don’t feel: valued, supported, or seen. For small and medium-sized businesses (SMBs), every resignation hits hard. You’re not just losing a team member—you’re losing momentum, knowledge, and culture. And often, the culprit is hiding in plain sight: an outdated or uninspiring benefits package. If you’ve noticed turnover creeping up—or team morale taking a dip—your benefits might be sending the wrong message. Let’s dig into the signs, the data, and what you can do to turn it around. The Hidden Cost of “Just Okay” Benefits Here’s the reality: traditional benefits alone (think health insurance and vacation days) just aren’t cutting it anymore. According to MetLife’s Employee Benefits Trends Study: In short: if your benefits feel generic, your people might be looking elsewhere.  5 Signs Your Benefits Package Might Be Driving People Away 1. You’re Seeing Higher Turnover—Especially Among Top Performers When high-potential employees leave, it’s rarely just about money. It’s often about feeling undervalued or disconnected. ✅ Fix it: Offer lifestyle-driven benefits that show you understand your people as people. Flexibility, wellness support, and recognition go a long way. 2. Exit Interviews Mention “Lack of Perks” or “Better Offers Elsewhere” If you’re hearing “the other offer had better perks,” pay attention. Today’s top talent expects more than a paycheck—they want to feel taken care of. ✅ Fix it: Focus on benefits that speak to real life—mental health, time off, family support, and things employees can personalize. (Hint: LIVD can help here.) 3. You’re Struggling to Attract the Right Candidates Job seekers aren’t just checking your salary range—they’re evaluating your entire offer. If you’re not standing out in a crowded hiring market, your benefits might be the issue. ✅ Fix it: Make your perks part of your employer brand. Highlight the real-life value of working with you—not just the basics. 4. Your Team Seems Disengaged or Burned Out If employees are showing up but not showing up, your culture—and your benefits—might not be giving them enough to feel energized. ✅ Fix it: Revisit how you’re recognizing and rewarding people. Flexible, personalized perks can reignite motivation without burning through your budget. 5. Your Benefits Haven’t Changed in Years This one’s simple: if your offerings haven’t evolved, they’re probably not relevant anymore. Gen Z and Millennials now make up the bulk of the workforce—and they expect perks that support their whole lives. ✅ Fix it: Modernize your package with benefits that reflect today’s needs: think mental wellness, lifestyle stipends, pet care, learning opportunities, and more. The New Standard: Benefits That Fit Real Life LIVD helps small and mid-sized businesses create customizable, lifestyle-first benefits that go beyond the basics. From fitness memberships and wellness apps to creative rewards and recognition, we make it easy to offer perks your team actually wants—without adding to your HR workload. Because when people feel seen, they stick around. It’s Time to Reboot—and Retain If any of the signs above feel familiar, you’re not alone. The good news? You don’t need a massive budget or an in-house HR team to fix it. You just need a benefits experience that meets your people where they are. 👉 Ready to rethink your approach? Let’s make benefits feel personal again.

April 21, 2025 / Comments Off on Losing Great People? Your Benefits Might Be the Problem
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Top Talent, Small Budget: Perks That Work for SMBs

Blog,  Employee Engagement

Employees are looking for more than just a paycheck.  They want purpose. Flexibility. Appreciation. And yes—benefits that make life a little better. If you’re a small or medium-sized business trying to compete with bigger employers, here’s the good news: you can stand out by being more personal, not more expensive. Let’s break down how smart, affordable perks can help you attract top talent—and how LIVD can help you do it without the admin headache. What Top Talent Actually Cares About in 2025 Gone are the days when healthcare and 401(k)s were the full story. While those are still important, employees—especially millennials and Gen Z—are looking for perks that speak to their everyday lives. A Glassdoor survey found that 60% of people report that benefits and perks are a major factor in considering a job offer. Even more telling? In a MetLife study, 72% of employees said having personalized benefits would increase their loyalty to their employer. So, what does that mean for SMBs? Why Traditional Perks Fall Short for Small Businesses Let’s be honest—many smaller companies don’t have the budget to compete with tech giants or corporations offering $5,000 learning stipends and unlimited PTO. But that’s okay. You don’t need to match their budgets—you just need to outmatch their relevance. Traditional perks are: Smarter perks are: 5 Smarter Perks That Don’t Break the Bank Here are a few perks that pack a big punch—without the big price tag: 1. Lifestyle-Based Rewards Think beyond cash bonuses. Lifestyle perks like wellness credits, pet care stipends, or digital experiences show you’re thinking about the whole person, not just the employee. 💡 LIVD lets SMBs offer personalized, lifestyle-based rewards employees can choose themselves—from wellness to concert tickets, and everything in between. 2. Flexible Work Options Time is one of the most valuable perks. Offering flexible hours or hybrid work options doesn’t cost a thing—and it tells candidates you trust them. Studies show that 80% of workers would choose a job with flexibility over one that doesn’t. 3. Recognition That Feels Personal A simple thank-you goes a long way—but a reward tied to something your employee actually enjoys? That’s unforgettable. With LIVD, you can recognize great work with personalized rewards your team will actually use (not another coffee mug). 4. Learning Opportunities You don’t need a $10K training budget. Offer paid access to a curated list of online courses or create internal learning lunches. Growth doesn’t have to be expensive—it just has to be intentional. 5. Company Culture That Shows You Care Perks work best when they’re part of a larger culture of care. Celebrate birthdays, acknowledge wins, and prioritize employee well-being. It’s often the small, consistent actions that make people want to stay. The ROI of Smarter Perks Still wondering if these smaller, thoughtful perks actually pay off? The takeaway? Investing in the right perks pays for itself—fast. How LIVD Helps SMBs Offer Big-Feeling Benefits (Without a Big Budget) At LIVD, we help small and medium-sized businesses compete for top talent by offering lifestyle-based, personalized benefits that feel high-impact—without the high cost or complexity. You get: “LIVD makes it feel like you have a full HR team behind your perks program—even if it’s just you in the trenches.” Final Thoughts You don’t need to offer everything.You just need to offer something real. Top talent isn’t always chasing the highest offer—they’re looking for a company that sees them as human. With the right perks, you can become that company. 👉 Want to see how LIVD can help you attract and keep top talent? Book a demo

April 15, 2025 / Comments Off on Top Talent, Small Budget: Perks That Work for SMBs
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Top 7 Employee Engagement Strategies for Small and Medium-Sized Businesses

Blog,  Employee Engagement

Discover the top 7 employee engagement strategies that can transform your small or medium-sized business without breaking the bank. From recognizing hard work to offering tailored benefits, we’ll explore how to create an environment where your team thrives.

April 14, 2025 / Comments Off on Top 7 Employee Engagement Strategies for Small and Medium-Sized Businesses
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Neurodiversity within DEI: A Deep Dive with Grant Harris

Blog

Check out our interview with Grant Harris as he shares insights and strategies for integrating neurodiversity into DEI initiatives. Gain a fresh perspective on how embracing neurodiversity can reshape your workforce, fostering a culture of inclusion, innovation, and unparalleled productivity.

December 11, 2024 / Comments Off on Neurodiversity within DEI: A Deep Dive with Grant Harris
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How to Motivate & Retain Employees: A deep dive with David Parrish

Blog,  Employee Experience

Unlock the secrets to employee motivation and retention in our recent interview with David Parrish, a seasoned HR professional with 25 years of experience. Get insider tips on effective rewards programs, fostering long-term engagement, and adapting to today’s hybrid workplace environments.

November 8, 2024 / Comments Off on How to Motivate & Retain Employees: A deep dive with David Parrish
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Is a LSA Right for Your Company? Key Considerations for HR Leaders

Blog,  lifestyle

Dive into Lifestyle Spending Accounts (LSAs) and discover how you can raise employee engagement and satisfaction through personalized benefits. Learn about the pros, cons, and key considerations, and see if it’s time for your organization to embrace this modern approach to employee well-being.

November 7, 2024 / Comments Off on Is a LSA Right for Your Company? Key Considerations for HR Leaders
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A Deep Dive with Isis Fabian on DEI

Blog,  Workplace Culture

Dive into this engaging interview with Isis Fabian, a renowned workplace culture consultant, as we explore the importance of Diversity, Equity, and Inclusion (DEI) in the corporate world. Learn why DEI initiatives are critical for employee engagement and discover practical steps to incorporate it into your company culture.

October 30, 2024 / Comments Off on A Deep Dive with Isis Fabian on DEI
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