Employee Voucher Program
If you would like to set up an employee voucher program please send your detailed request to firstname.lastname@example.org
- Low Maintenance Program for the Employer.
- Fast Setup and Approvals.
- Consolidated Monthly Statements.
- Corporate Pricing.
Company XYZ wants to initiate a safety program with a maximum out-of-pocket for the company set at $100 per employee. At the same time, the company realizes some of the employees will be purchasing footwear that costs more than the $100.00 voucher amount. They want a solution that manages BOTH the employer and employee side of the purchase equation.
Steel-Toe-Shoes.com would issue electronic or physical voucher codes to the employer. The codes would include a price discount and a $100.00 face value. For the sake of our example, let’s assume a 10% discount is associated with the employee’s $100.00 voucher code. We have outlined two different scenarios below. In scenario #1, the purchase price after discount is still above the voucher value. Thus, the employee would have a remaining balance to pay at the time of purchase. In scenario #2, there is no balance due.
|Scenario 1*||Scenario 2*|
|Original Price: $150||Original Price: $100|
|10% Discount: $15||10% Discount: $10|
|Discounted Price: $135||Discounted Price: $90|
|Employer Billed: $100||Employer Billed: $90|
|Employee Pays: $35||Employee Pays: $0|
|Original Price: $150|
|10% Discount: $15|
|Discounted Price: $135|
|Employer Billed: $100|
|Employee Pays: $35|
|Original Price: $100|
|10% Discount: $10|
|Discounted Price: $90|
|Employer Billed: $90|
|Employee Pays: $0|
At the end of the month, the designated person at Company XYZ will receive a full statement of that month’s purchases, including itemized order details.
* This scenario does not include any applicable sales tax that may be incurred.