How Juro is using Bippit to help employees in their key life moments

Named as London’s number one startup to work for in 2022, Juro is an all-in-one contract automation platform that enables teams to streamline the creation, execution, and management of routine contracts at scale.

Their diverse team spans multiple countries and functions, and is built on a culture of shared values and behaviours. A culture that allows everyone to work well together. Every day.

Startups aren’t known for stability, but Juro wants to buck that trend by offering a benefits package that gives employees security while they’re with the company. The company reviewed this package earlier in the year, with very interesting results. Abby Matthews, Senior People Partner at Juro, explains…

“Our CEO and our Director of People and Talent did a whole exercise looking at the different types of people in the company and what benefits would suit them. They asked people what was important and tested some options.”

“We did a test with Bippit and another leading provider and that was really useful. Our people got to see Bippit for themselves and understand what the financial coaching entailed.”

“The whole process renewed our desire to help people with their key life moments – whether they were buying a house, thinking about retirement, getting married, or starting a family.”

The impact of financial stress on employee wellbeing

Abby continues: “A lot of life’s big moments revolve around money. With everything going on with the Cost of Living crisis and inflation, it’s become even more clear that people need financial support. People are thinking about, and talking about, their finances more than ever.”

Research has shown that employees are twice as likely to leave when they’re anxious about their finances, and Juro wanted to make sure their staff had the guidance they needed to navigate financial issues.

“We want to make sure our team’s financial wellbeing is stable,” says Abby. “We provide assistance for mental health, but we know that poor mental health is often the result of financial stress and anxiety, so we felt we weren’t offering enough support around financial wellbeing.”

This is when Juro began the process of looking for a suitable financial wellbeing partner.

Why Juro chose Bippit over other providers

When a company partners with Bippit, every one of their employees gets access to a dedicated one-to-one financial coach. A qualified professional who has trained for years, and is matched to the employee based on their needs, whatever they may be.

This appealed to Juro as they wanted a platform that all of their people could take part in and make use of. “We needed a solution that was very user friendly and flexible when it came to dealing with questions and feedback,” says Abby.

“We did a test with Bippit and another leading provider and that was really useful. Our people got to see Bippit for themselves and understand what the financial coaching entailed. Employees gave us their feedback and we even went to Bippit with some suggestions about the service which they were really receptive to.”

“With everything going on, now is a great time for Bippit to be rolled out… People want financial support more than ever.”

“It’s great partnering with Bippit as we’re going on a similar journey. We’re a business that’s growing quickly like them and understand the desire to constantly improve the effectiveness of a solution. We wanted a partner who was open to our feedback, and that partner was Bippit.”

“Bippit’s coaching certainly attracted us. It wasn’t something we’d seen and the support given by the coaches is really good. The app also has a range of features, including its messaging features, which are all very easy to use.”

How Bippit will help Juro in the long term

Bippit’s professional coaches can deal with staff queries about pension schemes, equity plans, taxation, insurance cover and more. This frees up company time, but can also help employees get more from their existing benefits.

Abby says: “I think new discoveries will come from our team using Bippit, perhaps about what we can add to our benefits packages. Having spoken to their coaches, our people team may learn more about certain schemes that we can be involved in. I also think we’ll get a lot of feedback from our people which will help us improve.”

“With everything going on, now is a great time for Bippit to be rolled out. People want financial support more than ever.”

Check out Juro’s explainer for more information on contract management software.

And if you want to improve your team’s financial wellbeing, book a free Financial Wellbeing Lunch & Learn for your workplace.

 

Making financial wellbeing enjoyable for RMP’s employees

RMP Enterprise connects talented young people with companies offering placements, internships and apprenticeships. Their mission is to help young people start their career, and to inspire better futures.

This isn’t just about the young people they work with though. They also want to give their employees the tools and support they need to grow and flourish in the future. This is what initially drew Ruby Thompson, RMP’s People Director, to Bippit. Ruby explains…

“We don’t take a glittery approach to wellbeing. Our view is that everything comes from trusting our team and making sure they’re happy.

“We weren’t actively looking at financial wellbeing, but I had a demo of Bippit’s platform and immediately thought: “wow, this is fab.”

“What attracted us to Bippit was that it’s appropriate for everyone, regardless of how much they earn, what stage of their career they’re in, or how much financial knowledge they have. Bippit caters to everyone’s different requirements.”

“We are very fortunate that our team is happy coming to us with their challenges. But myself and our Finance Director aren’t the best people to give financial advice. We knew that having Bippit’s one-to-one financial coaching would be a real benefit. A financial expert our team felt they could trust and speak to whenever they needed support.”

Using Bippit to reduce stress and attract talent

Given the financial instability we’re all facing right now, and with prices continuing to rise, more companies are looking for ways to support staff and manage financial stress. For RMP, partnering with Bippit came at just the right time.

Ruby adds: “with the cost of living situation, and all that’s going on around it, it’s great to be able to say to the team that we’ve got a financial wellbeing platform that can really help them manage their money.

“It’s a very positive message for us to communicate, and Bippit’s been really well received by the team. I’m sure it will reduce any financial stress our team may have, and so improve productivity at work.

“But Bippit isn’t just about keeping staff happy and retaining them. It will also help with talent attraction. The platform is a great part of our benefits package, and I was very aware that having it on our job ads and careers page would be a really good thing.”

Making financial wellbeing less scary

Ruby continues: “from a user perspective, Bippit is a really lovely platform to be on. Everything is so easy which makes the whole thing actually enjoyable.

“The financial world can seem intimidating and confusing, but everything Bippit does makes financial wellbeing very approachable and accessible. They don’t make you feel like an idiot.

“A lot of people are scared about having financial conversations, but Bippit will really change that.”

“with the cost of living situation, and all that’s going on around it, it’s great to be able to say to the team that we’ve got a financial wellbeing platform that can really help them manage their money.”

Free support for your own business

Along with the likes of HelloFresh and Beam, RMP Enterprise is one of the many companies benefitting from Bippit’s all-in-one financial wellbeing platform.

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