Taab

Travel as a benefit

6 followers

Travel as a benefit

6 followers

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Taab is an employee benefit travel program that increases recruitment, retention, and productivity in the workplace.

Launch tags:Hiring•Productivity•Travel

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This is a really neat idea. It's always nice to take some time off and clear you mind. My favorite place to do that is camping out in the woods. What is everyone's ideal vacation?

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8yr ago

Taab

Maker

@jakecrump Glad you dig it Jake. Having four young kids, my favorite place is anywhere with a pool to keep the kids occupied 😉

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8yr ago

@jakecrump - Cabin in the woods over a tent any day for me!!

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8yr ago

@jakecrump I just took my wife to Oregon for a week long getaway that was paid for 100% with TAAB contributions. It's suuuch a rad benefit!

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8yr ago

Taab

Maker

@jakeleboeuf Looked like an amazing trip Jake, glad Taab was able to help make it happen!

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8yr ago

Very nice concept; I am sure at high pressure work places, this can come in handy. Though I wonder that since TAAB collects contributions from both employee and employer, how can you ensure that you would not just take the money away? Thanks!!

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8yr ago

Quine

@saurabhm6 if they just take the money away the news will spread fast and they won't have a business

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8yr ago

Taab

Maker

Taab, which stands for travel-as-a-benefit™, is a travel and vacation focused employee benefit that increases employee productivity and decreases employee burnout. Similar to a 401k or HSA, employees contribute to their Taab account from each paycheck with their employer making a matching contribution. These funds are then available to the employee through a Taab issued debit card which will be approved for vacation related expenses (think flights, hotels, cars & cruises) and declined at non-travel related merchants (such as Best Buy, Apple, Target). We have been piloting Taab since last year with incredible results and are now ready to share it with you. Interested employers can schedule a demo on Taab’s website today. Employees that want Taab as an employee benefit can enter to have Taab fund the first $500 to their Taab card if they are the first to submit their company on Taab’s website. Here are some facts and stats to share with your HR / benefits manager: Nearly half of HR leaders attribute up to ½ of their employee turnover to employee burnout. Employee burnout affects 95% of all businesses. 4 out of 5 workers say they would prefer new benefits over a pay raise. Nearly 3 in 5 people report benefits and perks being among their top considerations before accepting a job. 96% of employees say they are motivated by travel incentives, and 72% who earn the reward say they feel increased loyalty to the company. Study published in the Journal of Applied Psychology reported that, the less employees detach psychologically during off-hours, the higher their emotional exhaustion is in 12-months’ time. More than 70% of American workers who received paid time off did not take all of their allotted time last year, despite the obvious personal benefits. The psychological and physical problems of burned-out employees, costs an estimated $125 - $190b a year in healthcare spending. 75% of the causes of employee turnover are preventable.

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8yr ago

Hacker Daily Podcast

@drudalton perhaps a dumb question, how do you pronounce it?

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8yr ago

Taab

Maker

@dzohrob Hey Dave, not a dumb question at all, it's pronounced "tab".

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8yr ago

Hmm downside is then you lose all the insurance benefits of travel credit cards as you can't book with your own credit card

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8yr ago

SlidesUp API

@scotty_mcq this is the same thing that came into my head when I read about the debit card. Love the idea of Taab, but would hate the idea of losing points and benefits from the credit cards I have for a specific travel purpose.

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8yr ago

Taab

Maker

@scotty_mcq @kunalslab You're both correct that some credit card "benefits" you gain on your personal card would be lost when booking with your Taab card. However, we like to think the 1%-3% cash back or points earned are more than off-set by the 100% employer match. We see giving up 1%-3% to gain 100% a pretty good trade-off for the employee. I'd love to hear your thoughts though.

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8yr ago

Remarkable idea. All of my employees are now talking about this and begging me to implement it :) Amazing way to recruit and hold talent...exapecially with the current talent wars in big cities. Congrats!

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8yr ago

Taab

Maker

@ryan_hungate Thanks Ryan! We'd love to see the amazing team Simplifeye enjoying it!

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8yr ago

Gold star for the idea, and another for the execution. This looks like a fantastic win for employers and employees. Well done 👏

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8yr ago

Taab

Maker

@jeff_osborn Thanks for the feedback Jeff. We have a great (small) team behind Taab so hats off to the other Makers!

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8yr ago

Horizon

I love this concept. What about if people need cash for their trip? Like they go to Asia and need the $2k in cash (not only available through a card)?

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8yr ago

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