Compt: Build your employee lifestyle benefits stipend program
In today's labor market, routine employee benefits like health insurance, long-term disability, gym reimbursements, etc. no longer guarantee workplace success. HR leaders need agility to navigate shifting priorities, evolving work models, and rising employee expectations.
Offering employee stipends through software like Compt, is part of the solution for attracting and retaining talent.
Compt enables you to...
Read more
In today's labor market, routine employee benefits like health insurance, long-term disability, gym reimbursements, etc. no longer guarantee workplace success. HR leaders need agility to navigate shifting priorities, evolving work models, and rising employee expectations.
Offering employee stipends through software like Compt, is part of the solution for attracting and retaining talent.
Compt enables you to easily offer ready-made and custom lifestyle benefit stipend programs that delight your employees without the administrative burden it typically takes to manage such a program. You pick from 26 major categories of spending (e.g. health & wellness, learning & development, food, cell phone) and invite your people to use their funds with ANY vendor of their choice, while our software manages the rest.
Compt keeps your employees regularly updated on their balance and usage information, maintains full tax compliance, and ensures your HR team has a central and easy-to-use platform to manage benefits that are inclusive and flexible to your business’ unique needs.
Read less
Features and Benefits
Design the perks program that works best for your organization
Compt has streamlined the entire stipend process by making stipend creation simple. Build a stipend (or several) that best suits your budget, culture, and teams’ needs by browsing our comprehensive list of 26 spending categories and grouping the ones that apply to the stipend you want to create.
Stay compliant with IRS classifications
Our categories are segmented by taxability based on IRS classifications, so employees and employers can always stay on the right side of compliance.
Personalize your employee rewards program
No restrictive vendor catalogs here! Our industry-leading vendorless platform empowers your people to select whatever they need, from whatever source they prefer — from online stores to small local businesses, you can make it possible. Employees love the platform. On average, 93% of employees are active on Compt!
Build a strong culture of employee recognition
Instead of giving your team gift cards which is limiting or cash which is impersonal, tie your bonus programs to a perk stipend so employees can reimburse what they want when they want it. With Compt, you can delight your people with bonuses for birthdays, work anniversaries, or sales incentives in just a few seconds, making your recognition more meaningful and personalized.
To help you continue building a strong culture of employee recognition, you can now easily design and launch peer-to-peer and manager-to-employee bonus stipend programs.
Offer employees the benefits they really want
Be vendor-free; so support that local bodega in Spain, take a class at the yoga studio around the corner in India, or sign up for Muay Thai classes in Thailand. Our platform had claims from over 70,000 vendors from our users in 2023. That shows the real power of lifestyle benefit programs. And how they can cater to individual needs.
Simplify expense management
You don't need separate tools to manage expense reimbursements and your perk stipends. Reimburse your employees for business expenses with Compt at a fraction of the price of dedicated expense management apps.
Expense Management
Consolidate your HR tech stack with Compt’s expense management feature.
The services are provided by an independent third party and not provided by ADP and ADP is not responsible for such third party’s products or services.
