Welp MagazineThere’s been a lot of talk about the star talent crisis in Silicon Valley, with tech giants like Apple, Microsoft, Google and Facebook struggling to acquire the best candidates around; especially in the areas of product and engineering. As stated in a recent Forbes article,
“A survey conducted by LinkedIn in 2015 found that the top factors influencing a candidate’s decision are: workplace location, compensation package, culture and strong leadership. Work-life balance and corporate social responsibility are two of four lifestyle factors that influence candidate decisions the most.”
Later in the article, the author states that “increasing perks for employees is a great way for a company to attract new talent and retain existing employees.” As the war for talent heats up in Silicon Valley, startup companies will focus more of their attention on attracting the best talent by creating innovative employee benefit packages.
Based on my experience with several startups, this seems to be a very effective tactic to catch the eye of top engineers and other team members who are searching for a one of a kind, innovative, and motivating work environment. Benefiting the employees of the startup is also a key strategic decision, as it aligns the success of my startup with the success of my team. In order to analyze how I can effectively improve the benefits package at my startup, I decided to conduct research of some of the most innovative benefit packages in Silicon Valley.
39 Startups Focused on Improving Employee Benefits:
1. Pyn
The idea behind this startup: Pyn improves employee communications using marketing techniques such as personalization, scheduling, and automated triggering.
Headquarters: Sydney, New South Wales, Australia
Industries: Employee Benefits, Employment, Human Resources
Founders: Jon Williams, Joris Luijke
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2. Benepass
The idea behind this startup: Benepass is a fintech platform that provides benefits cards for startups and small and medium-sized businesses.
Headquarters: Mountain View, California, United States
Industries: Employee Benefits, FinTech, Small and Medium Businesses
Founders: Jaclyn Chen, Kabir Soorya, Mark Fischer
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3. minu
The idea behind this startup: minu revolutionizes the financial health of Mexican employees, offering them access to their already worked salary when they need it.
Headquarters: San Miguel Chapultepec, Mexico, Mexico
Industries: Employee Benefits, Financial Services, FinTech
Founders: Nima Pourshasb, Paolo Rizzi
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4. Plum
The idea behind this startup: High quality health insurance and health benefits
Headquarters: Bengaluru, Karnataka, India
Industries: Employee Benefits, Health Care, Health Insurance, Human Resources, Insurance
Founders: Abhishek Poddar, Saurabh Arora
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5. Onaroll
The idea behind this startup: Onaroll is an employee rewards app that incentivizes productivity and longevity.
Headquarters: New York, New York, United States
Industries: Employee Benefits, Employment, Hospitality, Software
Founders: Pete Ginsberg
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6. Path
The idea behind this startup: Path is a holistic addiction (SUD) treatment solution for employers and organizations.
Headquarters: Los Angeles, California, United States
Industries: Employee Benefits, Enterprise Software, Health Care, Information Technology, Personal Health, Wellness
Founders: Gabriel Diop, Greg Moore, Josh Bruno
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7. Garner Health
The idea behind this startup: Garner Health is a technology company that works with employers to get their employees to the best quality providers.
Headquarters: New York, New York, United States
Industries: Employee Benefits, Health Care, Information Technology, Software
Founders: Nick Reber
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8. Mistro
The idea behind this startup: Mistro offers a platform that provides unique benefits plan to each remote employee.
Headquarters: San Francisco, California, United States
Industries: Developer Platform, Employee Benefits, Human Resources
Founders: Collin Pham, Sarah Ahmad
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9. HappyPal
The idea behind this startup: HappyPal reinvents employee perks with a SaaS and Payment solution
Headquarters: Paris, Ile-de-France, France
Industries: Credit Cards, Employee Benefits, FinTech, Gift Card, Human Resources, Payments, SaaS, Software
Founders: Alyssa Emmungil, Rim zerhouni
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10. GIGI Benefits
The idea behind this startup: GIGI Benefits offers full-time employment related benefits like insurance and savings to freelancers and gig workers.
Headquarters: Bangalore, Karnataka, India
Industries: Employee Benefits, Finance, Financial Services, Insurance
Founders: Nandini Vishwanath, Sowmya Rao
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11. Torpago
The idea behind this startup: Torpago is a financial technology company that provides corporate cards equipped with spend management software.
Headquarters: San Francisco, California, United States
Industries: B2B, Employee Benefits, Financial Services, FinTech, Software
Founders: Brent Jackson
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12. Linxe
The idea behind this startup: focused on offering small and short-term loans to low-income employees of SMEs with direct discount from their paycheck
Headquarters: Bogotá, Distrito Especial, Colombia
Industries: Credit, Employee Benefits, Financial Services, FinTech, Sustainability, Wellness
Founders: Cesar Cuevas, Diego Rodríguez
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13. CaringWire
The idea behind this startup: AI driven decision support tool building the “Google Maps” for caregivers.
Headquarters: Columbus, Ohio, United States
Industries: Elder Care, Employee Benefits, Health Care, Health Insurance, Information Technology, Software, Wellness
Founders: Unknown
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14. Qiqingsong
The idea behind this startup: Qiqingsong is a B2B platform that focuses on the promotion of corporate gifts.
Headquarters: Xiamen, Fujian, China
Industries: B2B, Employee Benefits, Enterprise, Gift
Founders: Unknown
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15. Salarify
The idea behind this startup: Salarify is an employer-sponsored financial wellbeing FinTech based in Budapest, Hungary.
Headquarters: Budapest, Budapest, Hungary
Industries: Employee Benefits, Finance, Financial Services, FinTech
Founders: Bence Radák, Paolo Petrolini, Zsolt Tasnadi
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16. Parable
The idea behind this startup: Your passport to financial health and retirement. Parable helps you open financial accounts and optimizes where your money sits.
Headquarters: San Francisco, California, United States
Industries: B2B, Employee Benefits, Financial Services, FinTech
Founders: Mitchell Jones
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17. Emplova
The idea behind this startup: Emplova provides its clients with employee benefits, streamlined payroll, and HR expertise.
Headquarters: Melville, New York, United States
Industries: Employee Benefits, Human Resources, Recruiting
Founders: Unknown
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18. CareerGig
The idea behind this startup: CareerGig is a technology platform and ecosystem that matches freelance and contract workers to top employers.
Headquarters: Arlington, Virginia, United States
Industries: Employee Benefits, Employment, Recruiting
Founders: Greg Kihlström, Peter Rogers, Rachael Mahoney
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19. The 401(k) Plan Company
The idea behind this startup: 401(k), Evolved
Headquarters: Las Vegas, Nevada, United States
Industries: Consulting, Employee Benefits
Founders: Thomas Frost
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20. Patriot Growth Insurance Services
The idea behind this startup: Patriot Growth Insurance Services is a growth-focused national insurance services firm.
Headquarters: Washington, Pennsylvania, United States
Industries: Employee Benefits, Insurance, Property Insurance
Founders: Unknown
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21. Bennie
The idea behind this startup: Bennie is an employee benefits platform.
Headquarters: New York, New York, United States
Industries: Employee Benefits, Internet
Founders: Unknown
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22. Rain
The idea behind this startup: Financial wellness employee benefits app
Headquarters: Nashville, Tennessee, United States
Industries: Employee Benefits, Financial Services, FinTech
Founders: Alex Bradford, Jennifer Terrell
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23. Plai
The idea behind this startup: Align your team with OKRs, inspire growth with feedback and praise, effortless performance/360° reviews and effective 1:1s.
Headquarters: Los Angeles, California, United States
Industries: Employee Benefits, Human Resources, Information Technology, Productivity Tools, SaaS, Software
Founders: Unknown
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24. kalke
The idea behind this startup: kalke is a scalable recruiting platform to hire young promising talent and grow careers for tommorow.
Headquarters: Dhaka, Dhaka, Bangladesh
Industries: Employee Benefits, Enterprise Software, Human Resources, Management Information Systems, Recruiting, SaaS
Founders: Mohammad Jahin, Tamim Ahmed
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25. Koppr
The idea behind this startup: Financial Wellness for Employees
Headquarters: Thane, Maharashtra, India
Industries: Employee Benefits, Enterprise Software, Financial Services, FinTech, Information Technology
Founders: Mandar Marathe
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26. Fern Health
The idea behind this startup: Available through employers, Fern Health is a digitally-delivered program for people who suffer from musculoskeletal pain.
Headquarters: New York, New York, United States
Industries: Employee Benefits, Health Care, Wellness
Founders: Unknown
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27. Aman
The idea behind this startup: Transform your employee benefits experience with one central, easy-to-use platform
Headquarters: Jakarta, Jakarta Raya, Indonesia
Industries: Employee Benefits, Human Resources, InsurTech, Internet, SaaS
Founders: Kan Le, Steven Tannason
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28. Inboarding
The idea behind this startup: A new way to create an inclusive workplace where everyone belongs
Headquarters: Joinville, Santa Catarina, Brazil
Industries: Artificial Intelligence, B2B, Employee Benefits, Employment, Human Resources, Information Technology, SaaS, Software, Virtual Workforce
Founders: Fernanda dos Santos Martins, Robson Valdir Mafra
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29. Coverflex
The idea behind this startup: Flexible compensation easy to manage, made for you
Headquarters: Unknown
Industries: Debit Cards, Employee Benefits, InsurTech
Founders: Luis Rocha, Miguel Santo Amaro, Nuno Pinto, Rui Carvalho
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30. WurkLyf
The idea behind this startup: WurkLyf provides mental healthcare as a workplace benefit. Give your employees monthly, confidential, company-funded therapy.
Headquarters: San Francisco, California, United States
Industries: Employee Benefits, Health Care, Human Resources, Information Technology, Wellness
Founders: Lindy Gullett
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31. Reperio
The idea behind this startup: Reperio is the only at-home health assessment that provides comprehensive results immediately.
Headquarters: Portland, Oregon, United States
Industries: Employee Benefits, Health Care, Medical Device, Personal Health
Founders: Matt Wallington, Travis Rush
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32. paco
The idea behind this startup: HR Tech, SaaS, Fintech, Employee Engagement, Employee Benefits
Headquarters: Mexico City, Distrito Federal, Mexico
Industries: Big Data, Employee Benefits, FinTech, Human Resources, SaaS
Founders: Juan Carlos Vizcaino
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33. MIJO
The idea behind this startup: With Mijo we create more loyalty between employees and companies. Companies become brands and employees become brand ambassadors.
Headquarters: Erkelenz, Nordrhein-Westfalen, Germany
Industries: Brand Marketing, Employee Benefits, Fashion, Personal Branding
Founders: Maximilian Klostermann
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34. Benefi
The idea behind this startup: Benefi is an employee group benefit that helps individuals escape from consumer debt.
Headquarters: Toronto, Ontario, Canada
Industries: Employee Benefits, Financial Services, FinTech
Founders: Unknown
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35. Nomify
The idea behind this startup: Nomify powers your digital workplace and connects your employees. Recognise staff, issue documents, post news & events and manage holidays.
Headquarters: Leeds, Leeds, United Kingdom
Industries: Employee Benefits, Human Resources, Information Technology, Internet, Software
Founders: Paul Roberts
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36. Yr Plans
The idea behind this startup: Yr Plans is a developer of a financial platform that offers financial plans for employees.
Headquarters: Calgary, Alberta, Canada
Industries: Employee Benefits, Financial Services, Internet
Founders: Unknown
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37. Smart Home Need
The idea behind this startup: Your guide to live a better life. Satisfy your Needs, improve your Well-being.
Headquarters: Unknown
Industries: E-Commerce, Employee Benefits, Home Health Care, Personal Health, Smart Home, Subscription Service
Founders: Unknown
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38. Reward.HR
The idea behind this startup: The all-in-one SaaS employee engagement and recognition platform that helps to boost employee performance and decrease turnover.
Headquarters: New York, New York, United States
Industries: Employee Benefits, Enterprise Software, Human Resources, Information Technology, Mobile Apps, SaaS
Founders: Vatch Vartanian
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39. Culturelike
The idea behind this startup: Culturelike is a Slack app to help companies design and scale culture.
Headquarters: Toronto, Ontario, Canada
Industries: Employee Benefits, Web Apps
Founders: Unknown
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