‘Employee experience platform’ Perkbox raises £13.5 million

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London employee benefit startup Perkbox has closed a new £13.5 million round.

The company, which pitches itself as an “employee experience platform”, offers employers a way to provide employees with work and personal benefits.

The round was led by Draper Esprit, who also participated in Perkbox’s previous £11 million fundraise.

Perkbox offers a suite of tools to help employers boost employee retention and sentiment. As well as the ‘perks’ and benefits available on its platform, it also offers sentiment monitoring tools and facilities for employees to offer recognition to coworkers.

Separately, Perkbox commissioned research to examine the status of employee wellbeing by tracking online searches.

The study, in tandem with SEMRush, found that the most popular search term in relation to employee wellbeing was ‘presenteeism’, with searches increasing by 113.5 per cent annually between January 2015 and February of this year.

While searches for ‘absenteeism’ declined in 2018, search volumes for this term were higher than for presenteeism every year during the study.

Commenting on the research, Perkbox Medical product manager Hannah Sims said: “These findings evidence just how important it is to properly cater for the needs of your employees – physically, financially and emotionally. Its effects are truly felt on the wellbeing of individuals, inside and outside of work. It’s a huge responsibility that we must learn to own as employers.

“Whilst it’s all very well to put together initiatives, if we’re not owning the responsibility fully, i.e.coupling the initiatives with good management – for example in the case of unlimited holidays – little will be achieved to help improve people’s mental health.”

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