Espresa Lifestyle Spending Account (LSA) and LSA Plus™: The off-cycle employee benefit that is made for everyone
LSAs are the modern engagement vehicle, flexibly and creatively meeting people where they are. They're an empathetic and monetary vehicle that directly speaks to your culture, mission, vision, and values.
Attracting and retaining top talent is front and center for employers and HR teams. Especially in the age of working from anywhere, employers must offer more than compensation and a traditional benefits package to meet the evolving expectations of employees. To stay competitive, you must also provide lifestyle benefits and wellness programs that cater to the needs of a diverse workforce.
Espresa’s Lifestyle Spending Account and LSA Plus™ platform delivers employee benefits that promote total well-being through freedom of choice.
A Lifestyle Spending Account is an employer-funded account that enables employees to apply post- or pre-tax dollars toward the benefits they love most. At the same time, HR teams can consolidate budgets, integrate multiple point solutions, and engage and delight employees – all while positively impacting business outcomes.
Plus, Espresa is the world’s first and only Lifestyle Spending Account platform that seamlessly delivers flexible benefits in all languages and currencies.
Lifestyle Spending Accounts offer a uniquely flexible and personalized approach to employee benefits. Employees can spend their LSA funds on a broad range of eligible expenses that matter most to them based on their individual needs. These are some typical expense categories for an LSA:
Go beyond traditional benefits. Attract and retain talent by expanding your employee benefits package to include Lifestyle Spending Accounts. With the flexible plan options of an LSA, Human Resources now has complete transparency with finance teams while having the autonomy not to be a one-size-fits-all program.
With Espresa’s Lifestyle Spending Account and LSA Plus™, you empower employees to choose where they shop, how they spend their LSA funds, and even how they pay. Maximize employee engagement regardless of global location by providing employees access to our integrated marketplace.
Unlike other benefits platform providers, Espresa has zero markups and passes on the savings directly to you. Plus, we support all payment options, including paycheck reimbursements, direct deposit, and debit cards. Freedom of choice is made real.
Companies are currently seeking how to reshuffle budgets to meet employee expectations, which have only shifted into a demand for more personalized lifestyle benefits and wellness programs. With employee experience in the driver’s seat, Espresa’s LSA Plus™ delivers. Including industry-leading benchmarks to help guide plan design, Espresa sets up HR teams and employees for personalized engagement and success.
Bottom line: Espresa Lifestyle Spending Accounts deliver on all dimensions of employee total well-being with industry-leading participation.
Support for all currencies, time zones, and languages. Plus, you have a tenured Customer Success Team to help employees and HR teams 24 hours per day, 5 days per week, and in local time zones.
Integrated messaging and message history — no spreadsheet required! All adjudication is transparent with in-platform messaging between employers and employees, with the entire chain visible to all.
Access our global employee marketplace, featuring thousands of items and services at a discount with zero markups – or integrate your own onto your Espresa platform.
Skip manual processes and integrate them with your HRIS for eligibility and census files and payroll processing automation.
Access a 360-degree feedback loop and real-time analytics, so HR teams know what's working and what's not, including employee benefits program participation, budget usage per campus, per region, and with usage globally.
No more logistical hell. Espresa’s Lifestyle Spending Account platform improves your organizational well-being while making your remote employees feel loved and included.
And, Espresa streamlines everything. With mobile and online receipt uploads, employees can communicate with their approvers, while your HR team has real-time transparency and reporting for payroll and finance teams. If you don’t have time for approvals, outsource it to our adjudication experts at Espresa.
When companies offer a Lifestyle Spending Account that limits employees’ out-of-pocket expenses and positively impacts their well-being, everyone wins.
Get a modern solution that eliminates administrative burdens.