Why Katté & Co is adopting Bippit to ensure staff are well looked-after

In the past 18 months, hiring the best talent has become a real challenge.

The talent is there, but they have a huge choice of where they go to work. As a result, any company hiring at the moment needs to be competitive, appealing, and forward-thinking in their approach to looking after existing employees, and attracting new staff.

This is something Tom Katté, MD of Katté & Co, has experienced first-hand this year. Katté & Co is a leading paid search and social agency for ambitious ecommerce brands, and in the past two months they’ve hired 12 people with further plans to hire in 2022.

Tom says: “we want to be a desirable place to work at as hiring right now is very very tough. To do this we need to support our staff, not just in their jobs but in their lives too, and give them the right tools to grow.”

 

Why poor financial education led Katté & Co to Bippit

In a bid to help his employees, Tom identified financial wellbeing as an area for enhancement.

Tom explains: “I’ve always been passionately annoyed about financial wellbeing. Schools and universities give you no financial training whatsoever, yet it’s one of the most important things in life.”

“To combat this, I had planned to run our own internal financial training session, with tips and tricks on how to save and what staff should be doing each month.”

“By chance I came across another agency talking about Bippit and I thought it would perfectly plug our financial gap. Bippit was exactly what we needed, and was much better than me having to do the training myself!”

Beyond just this, giving staff access to Bippit was part of Katté & Co’s wider employee wellbeing experience.

“I want staff to feel well looked-after and see that we care about them beyond their day-to-day job. We want them to be happy, secure, and safe in their personal lives.”

“We use Spill (which gives our staff mental health support), and so adopting Bippit made a lot of sense as good financial health plays a role in both physical and mental wellbeing.”

“We’ve got a young team, with the average age around 20 to 25, and Bippit is a way for us to nurture that young talent. It’s definitely part of our staff retention strategy and our staff happiness strategy (which is really the same thing).”

 

The importance of expert one-to-one financial coaching

Once a company adopts Bippit, every member of their team can talk one-to-one with a qualified financial expert. Different employees are matched to different experts based on their needs (whether it’s guidance on savings, pensions, or retirement planning), all so they feel less stressed, more secure, and more settled in their job.

It’s this level of support that Tom wanted for his team.

“I love the fact that our staff get matched to a personal and trained financial coach. I think that’s brilliant. To be able to actually speak openly and confidentially with a highly qualified professional really stood out to me.”

“I was also very impressed by the speed and ease of Bippit’s onboarding process. It’s been super easy and low touch for me and the senior team. We haven’t had to worry about anything.”

“We had one set-up call and within a week 73% of staff had signed up and got going on the platform. It just shows the appetite for Bippit from our team.”

 

Looking ahead…

As Katté & Co plans for further hiring in the coming months, Tom plans to use Bippit in conversations with potential new employees.

“Having Bippit helps us from an employee branding perspective. It’s going to help not just retention, but talent attraction. Bippit helps us stay ahead of the curve and it’s very cost effective.”

Along with the likes of TERN and What3Words, Katté & Co is one of the many companies benefitting from Bippit’s all-in-one financial wellbeing platform.

Want to learn more about workplace mental health? Book a 15-minute demo today!

 

 

Using Bippit to foster Matchable’s award-winning company culture

Matchable is an award-winning B2B platform that matches companies and their employees to volunteering projects at non-profits and impact startups. 

They’re all about bringing people together which is why they’re passionate about their company culture. Their aim is for every team member to feel a real sense of belonging.

To achieve this, Sareeka Linton (Matchable’s Head of Operations) is always on the lookout for new ways the company can support its staff. 

“I want to give our team meaningful perks that grow and support them.”

“We’re quite a young team and many of us are thinking about long-term plans. When can we buy a house? How much do we need to save for a pension? Having spoken to the team, many didn’t know where to go for advice on these issues.  As a company, this felt like something we could help with.”

 

Breaking the taboo of financial conversation

60% of employees say financial matters are their number one source of stress. It’s why Sareeka was keen to get people talking about their finances…

“There was a real desire from our team for financial learning and knowledge.”

“A lot of personal financial issues don’t get spoken about until it’s too late. It’s not a natural thing to do and people can be a bit guarded about it. But if we can get people talking, and improve financial understanding, then we can avoid problems and support our people at big moments in their life.”

This is what attracted Matchable to Bippit.

“We looked at Bippit as a way to help our team feel happier about their finances and financial wellbeing. There will be a lot of learning along the way which will improve understanding, and everyone will see where they’re at and what they can do to improve their situation.”

“As more people use Bippit, I think everyone will be more comfortable talking about their finances and goals. This will only benefit the environment we’re creating and our company. Bippit will help our staff feel more confident.”

 

Working to disrupt the world of financial support

Matchable is reimagining the volunteering and social impact space. 

They’re able to offer employees unique up-skilling opportunities working with exciting non-profits and impact startups. For example, an employee could help disadvantaged farmers in Colombia use blockchain to become cacao entrepreneurs.

Even though Bippit and Matchable work in different areas, what we have in common is a spirit of disruption. It’s something that Sareeka was particularly excited about…

“I love what Bippit is doing. At Matchable we’re all about disrupting the volunteering space and doing things differently, and I like working with organisations doing similar things in their own space. That’s definitely what Bippit is doing with financial support for employees.”

“Having access to expert one-to-one professional financial coaching is really fantastic, but I also love the technology of Bippit. The platform is really slick, both visually and performance-wise and is very easy to understand.”

“It’s also great that you can link all your bank accounts to Bippit as it’s probably the first time I’ve seen all of my finances in one place. That was a real ‘oh wow moment’. It’s incredibly interesting and useful.

 

The story so far

All Matchable staff now have access to Bippit, a process that was both quick and hassle-free for Sareeka.

“It was so easy rolling Bippit out to staff. It’s been very hands-off from my perspective and the launch was great. I really liked the way Bippit explained how the platform came about, why financial wellbeing was so important, and what the team now had access to.”

“Once you sign up you do a financial assessment of where you’re at the moment, and you see the key areas that you can improve on. What’s great is that you get a list of next steps and can speak with your financial coach who can guide you through each step.”

Along with the likes of Platypus Digital and Digital Detox, Matchable is one of the many companies benefitting from Bippit’s all-in-one financial wellbeing platform.

Want to improve your team’s financial health? Get in touch to book a free Financial Wellbeing Lunch & Learn for your workplace.