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.
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?
@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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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!!
@saurabhm6 if they just take the money away the news will spread fast and they won't have a business
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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!
Awesome idea and execution! The web design makes me want to go on vacation already :D
Would be cool to add some Admin features from travelperk so we can just use one service for booking
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