{"id":179959,"date":"2023-02-28T14:37:39","date_gmt":"2023-02-28T06:37:39","guid":{"rendered":"https:\/\/www.grab.com\/sg\/?p=179959"},"modified":"2023-02-28T17:41:47","modified_gmt":"2023-02-28T09:41:47","slug":"introducing-flexible-spend-limits","status":"publish","type":"post","link":"https:\/\/www.grab.com\/sg\/gfb-blog\/introducing-flexible-spend-limits\/","title":{"rendered":"Introducing: Flexible Spend Limits"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1440\" height=\"700\" class=\"alignnone size-full wp-image-180021\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28144915\/1440x700-1.png\" alt=\"Flexible perks\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28144915\/1440x700-1.png 1440w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28144915\/1440x700-1-250x122.png 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28144915\/1440x700-1-700x340.png 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28144915\/1440x700-1-768x373.png 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28144915\/1440x700-1-120x58.png 120w\" sizes=\"(max-width: 1440px) 100vw, 1440px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">It\u2019s not easy to create an employee perks package that meets everyone\u2019s needs. Some <\/span><span style=\"font-weight: 400\">employees might prefer to spend on food, while others may opt to have their commute covered instead. <\/span><span style=\"font-weight: 400\">Factors like work location, personal and professional priorities, and company budgets are complex considerations for HR teams when crafting employee benefits.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">As workforces evolve, the priorities of employees and job seekers change as well. They no longer want the same things a previous generation of workers settled for; and it\u2019s important for companies to keep this in mind and adapt to market demands.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Personalisation is a highly sought after feature of a truly effective benefits package. This has been <\/span><a href=\"https:\/\/caboodle-technology.co.uk\/blog_post\/flexible-benefits-platform\/\"><span style=\"font-weight: 400\">shown to increase employee retention, satisfaction, and even recruitment of new workers<\/span><\/a><span style=\"font-weight: 400\">. Companies will find that new hires will be more attracted to jobs that offer adaptable perks.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">For HR teams, it\u2019s a cost-effective way of ensuring your employees are well taken care of. Even companies that have a set or limited budget will have the option of providing for their employees without breaking the bank.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Through our wide range of services and merchants available on the Grab app, HR managers and team leaders are already able to create spend limit policies and allocate budgets to particular services. Employees can take advantage of benefits like transport, food, groceries, and deliveries seamlessly.\u00a0\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"4320\" height=\"1205\" class=\"alignnone size-full wp-image-180092\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample.png\" alt=\"Sample policy\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample.png 4320w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample-250x70.png 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample-700x195.png 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample-768x214.png 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample-1536x428.png 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample-2048x571.png 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28161331\/Policies-sample-120x33.png 120w\" sizes=\"(max-width: 4320px) 100vw, 4320px\" \/><\/p>\n<h2 style=\"text-align: justify\"><strong>Flexible employee perks made easy\u00a0<\/strong><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">To solve for the challenge of the different needs and wants of each individual employee, we\u2019re excited to launch <\/span><b>flexible spend limits<\/b><span style=\"font-weight: 400\">\u2013a new feature that allows company admins to create spend limit policies that can be used across single, multiple, or all service types.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"300\" class=\"alignnone size-full wp-image-180083\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28154752\/RM1856-EDM3-Section1-Animated.gif\" alt=\"flexible spend limits\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">For example, if an HR team has a budget of SGD 100 per employee, they will no longer need to pick and choose which service to allocate them to. Instead of allocating SGD 20 to transport, another 20 to food, and so on, they can simply set the spend limit to SGD 100 and make the funds available to the employee across all service types. For HR, this makes a world of difference in terms of time and effort.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"4320\" height=\"2700\" class=\"alignnone size-full wp-image-180085\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1.png\" alt=\"employee limits\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1.png 4320w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1-250x156.png 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1-700x438.png 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1-768x480.png 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1-1536x960.png 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1-2048x1280.png 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28155214\/139-1-120x75.png 120w\" sizes=\"(max-width: 4320px) 100vw, 4320px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">For employees, this means they can now enjoy a wider range of services and perks, along with the flexibility to select what is appropriate to them. They can choose to spend a portion on their transport to the office, or on a delicious in-office lunch with their colleagues.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Employees <\/span><span style=\"font-weight: 400\">will also be able to<\/span><span style=\"font-weight: 400\"> order directly from the Grab app and bill their transactions to the company! <\/span><span style=\"font-weight: 400\">This saves time for both themselves and HR teams, removing the need to submit and approve claims for benefits.<\/span><span style=\"font-weight: 400\"> And in the event that an employee goes above the set limit, they can pay the balance from their personal Grab accounts.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">It\u2019s a win-win situation!\u00a0\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify\"><strong>Setting up your policies<\/strong><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Here\u2019s how easy it is to start setting flexible spend limits right away to roll out your employee perks program: <\/span><\/p>\n<p style=\"text-align: justify\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"760\" class=\"alignnone size-full wp-image-180111\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2023\/02\/28174131\/RM1856-EDM3-Section3-Animated-1.gif\" alt=\"how to set policies\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Visit our <\/span><a href=\"https:\/\/www.grab.com\/sg\/business\/\"><span style=\"font-weight: 400\">website <\/span><\/a><span style=\"font-weight: 400\">to learn more about Grab For Business and contact us to find out how you can use the Grab For Business Portal for your employee benefits. To keep up with the latest updates, follow us on <\/span><a href=\"https:\/\/sg.linkedin.com\/showcase\/grabforbusiness\"><span style=\"font-weight: 400\">LinkedIn<\/span><\/a><span style=\"font-weight: 400\">. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"&nbsp; It\u2019s not easy to create an employee perks package that meets everyone\u2019s needs. Some employees might prefer to spend on food, while others may opt to have their commute covered instead. Factors like work location, personal and professional priorities, and company budgets are complex considerations for HR teams when crafting employee benefits.\u00a0 As workforces [&hellip;]","protected":false},"author":1271,"featured_media":180021,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[461],"tags":[633,634],"acf":[],"_links":{"self":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/posts\/179959"}],"collection":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/users\/1271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/comments?post=179959"}],"version-history":[{"count":11,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/posts\/179959\/revisions"}],"predecessor-version":[{"id":186479,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/posts\/179959\/revisions\/186479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/media\/180021"}],"wp:attachment":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/media?parent=179959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/categories?post=179959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/tags?post=179959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}