Espresa also announced $2 million in seed funding from Crosslink Capital, Clear Ventures, TEC Ventures and other angel investors. The platform is currently available to companies in the Bay Area, and will expand to other markets over next year.
With the launch of this employee services application, the company states that the employers can simply log in, select the programs they want, choose trusted pre-screened vendors to provide services, and offer the services to their employees. Espresa also suggests that, Companies that already offer workplace services can better manage and analyze their impact on employee happiness and productivity with this service. Also the managers can set up a variety of bonus, incentive, reward, or peer review programs.
Espresa CEO Alex Shubat stated:
“Work-life balance is an important topic as HR departments compete to attract and retain top talent. Espresa simplifies providing services that keep employees focused and engaged, and build company loyalty. We streamline business operations with a unified platform for employees to use, employers to manage, and vendors to deliver services in the workplace.”
How does it work?
According to the company the application is simple to deploy and easy to use through its mobile and web-based platform. employees can select the services they want to offer and choose their preferred vendors from our vast network of service providers. They can manage invoicing and payment of services for improving employee communications. The app also allows them to see feedback and analytics on the impact of the new services.
The platform allows employers to interact with vendors to set up onsite benefits that employees can enjoy. Once a service is scheduled, Espresa populates their calendar and benefits can be set as subsidized, discounted, employee paid, or as bonuses and rewards for model workers.
Espersa claims that it solves the problem of poor work-life balance by boosting morale and efficiency with its services so that the employees can feel the satisfaction, confidence and loyalty when the company takes care of their comfort and needs.
