INNOVATIVE BENEFITS THAT LET COMPANIES SHINE
ATTRACT AND RETAIN YOUR BEST COFFEE SHOP STAFF
Healthcare Breakthrough For Your Workforce
Coffee is a culture in the US. Nearly every person can tell you their coffee of choice and the location of their preferred coffee destination. The US coffee shop industry is represented by 65,000 locations which grow at nearly 4% each year. Half of the US coffee shops are part of eight large chains (Starbucks, Dunkin Donuts, Tim Hortons). The other half are comprised of boutique small business owners, none of whom qualify for most benefits programs, and nor do their staff.
Coffee shops have an average of 5 - 10 full time and approx 20 part time staff members.
We believe that everyone should qualify, and everyone should be able to afford it.
LifeExec has reimagined employee benefit programs to help coffee shops and all their team members thrive by solving many of today’s labor shortage issues and attraction and retention problems.
Core Problems Solved
- Retention. The average length of employment at boutique coffee shops is less than 12 months.
- The cost of hiring and training new baristas is $3,000 - $7,000 per hire.
- The strain of labor loss puts tremendous pressure on current staff members and management.
- Often, the loss of labor is a result of age. When employees turn 26 years old, they are no longer covered under their parents' medical insurance and need to seek alternative employment that offers health and wellness programs.
- The problem is so significant, Starbucks invests millions into their own self-funded benefits program.
"All of my employees work part-time. LifeExec Advantage has given us the opportunity, for the first time, to offer benefits to our employees. It's a win for everyone at our company."
Jessie H. | Coffee Shop Owner
LifeExec provides all the resources your organization and team members need to administer benefits at no extra cost. Enrolled organizations receive a branded registration portal, member management account, and onboarding account. Team members receive our #1 lifesaving application, life planning guides, and the LifeExec Advantage Prepared benefit program.
"LifeExec took our #1 problem, a problem we’ve been trying to solve for years, and nearly eliminated it overnight."
Hannah T. | Thump Coffee
Top 3 Reasons Coffee Shop Owners Choose LifeExec
AFFORDABLE BENEFITS
Most coffee shop team members have no benefits. LifeExec offers 26+ benefits programs starting at just $24.95/month.
BUDGET FRIENDLY
LifeExec fits any business’s budget. Voluntary programs cost $0 to the employer, and still offer an employee discount.
PROVEN RETENTION TOOL
Sponsoring Advantage Wellness is proven to boost retention at the equivalent cost of only 14c per hour.
"We had no budget for benefits. We never thought benefits were even possible. Now we offer benefits. It’s great!"
Sara C. | Aroma Coffee Co
CASE STUDY OF THUMP COFFEE
Thump Coffee is an established chain of boutique coffee shops and roasters. The company has four store locations located in three states. The company is profitable and enjoys a great patronage with a loyal customer following. Their strong local brand and reputation makes finding new employees easier. They have a great number of fresh high school graduates and college students. The biggest problem they experience is universal to coffee shops… retention of staff. The company has almost had a 100% attrition rate of employees after they turned 26 years old and fell off their parent’s health insurance. The constant turnover was both expensive and an exhaustive use of management time in replacing staff all the time.
Thump Coffee signed up with LifeExec in March 2022 with a strategy to dramatically reduce staff using benefits. They created a 100% company sponsorship program that offered Advantage Wellness to every team member who had been employed for over three months. Then, each six months after that, staff now receive another benefit of their choice that is 100% sponsored by the company. The company initially enrolled nearly 100% of its 80 employees to wild acclaim. Employees were excited about receiving future benefits for ongoing employment and the benefits program continues to grow.
The company expects to reduce its cost of turnover and net $100,000 - $200,000 a year by adding LifeExec Advantage Benefits.
LifeExec provides all the resources your organization and team members need to administer benefits at no extra cost. Enrolled organizations receive a branded registration portal, member management account, and onboarding account. Team members receive our #1 lifesaving application, life planning guides, and the LifeExec Advantage Prepared benefit program.
EXPLORE OUR ADVANTAGE MARKETPLACE PROGRAMS
ADVANTAGE WELLNESS
INEXPENSIVE COVERAGE FOR YOUR ENTIRE FAMILY
ADVANTAGE WELLNESS+
ENHANCED PRIMARY AND URGENT CARE BENEFITS FOR THE MEMBER
ADVANTAGE MENTAL HEALTH
COMPREHENSIVE Mental Health and Wellbeing Program
ADVANTAGE PROTECT
COMPLETE PROTECTION FOR YOUR ENTIRE LIFE
The LifeExec Advantage collection of programs above typically cover the member, their spouse, and their children (up to age 26). No extra cost. No hidden fees.
Keep your entire family protected and healthy with LifeExec Advantage.
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