Industry
Marketplace for Luxury Watches
Employees:
460
Location:
Karlsruhe

Chrono24

Overview

According to its own statements, Chrono24 strives to be the most attractive online marketplace for luxury watches. To achieve this, the team has set itself the goal of going above and beyond for its customers. But Chrono24 also wants to be more than just a workplace for its employees. So the benefits team asked itself what kind of benefit could truly reach every employee in the company. The decision was made to offer a mobility benefit, and that’s how Chrono24 came to NAVIT.

NAVIT helped Chrono24:

  • offer its employees a flexible benefit that benefits everyone.
  • increase employee satisfaction and strengthen employer branding.
  • minimize the administrative burden associated with the new benefit.

About Chrono24

According to the company, Chrono24 is the go-to destination for luxury watch enthusiasts. The company reports that more than 25 million people worldwide visit its online marketplace for buying and selling luxury watches every month. But for the team, time never stands still. They are committed to continually pushing their limits and achieving their full potential.

Chrono24 not only strives to be the most attractive online marketplace for luxury watches; the company also aims to offer top talent in the job market something more than others do.

For the team, security, trust, and comfort are core values—and these should apply not only to the platform’s customers but also to the employees who passionately carry out their duties every day.‍

The Challenge

The Chrono24 Benefits Team wanted to offer its employees something that truly felt like a benefit. They therefore took a close look at the existing employee benefits.‍

The team asked themselves what kind of benefit would truly benefit all employees. Since they also wanted to support employees’ ability to come into the office—and knowing that virtually everyone is on the go at some point—they decided on a mobility benefit.‍

While Chrono24 had previously offered a mobility benefit to its team through Jobrad, they wanted to provide even more. Something not offered everywhere, to set themselves apart from other companies and remain competitive in the job market.‍

In addition to the benefits for employees, another key requirement for a future benefit was that it should involve minimal additional administrative work. Furthermore, the benefit should be easy for employees to use and simple for the company to manage.

Why NAVIT?

For Chrono24, it was clear: a mobility benefit that requires no additional effort and is easy to use for the team as well as for management, finance, and payroll. As an employee benefit, the focus should be on the value it provides to employees, offering them the flexibility they want. In addition to NAVIT, Chrono24 evaluated two other mobility budget providers but ultimately chose NAVIT for the following reasons:

Allocation of a Net Budget

The ability to allocate a net budget to employees made the benefits team’s job easier. This kept administrative overhead to a minimum and ensured clear and efficient management.

User-Friendly Application

Just as Chrono24 aims to provide all watch enthusiasts with simple and reliable access to the watch market, it was important to the benefits team that employees have easy access to their individual mobility options.

More Options with a Virtual Prepaid Card

The digital card for the mobility budget offers employees the flexibility they want. They have complete control over how they get to the office or how they reliably and comfortably balance work and personal life.

Fuel and Charging Card

The advantage of NAVIT: In addition to the mobility budget card, the platform also offers a gas and charging card. This is convenient for employees who drive their own cars. They can use the company’s subsidy to refuel or charge their vehicles, thereby reducing their financial burden.

Integration with Personio

HR wanted a new benefit that required as little additional administration as possible. It’s therefore advantageous that the NAVIT mobility platform integrates with Personio. This has made the work easier for HR professionals.

The Chrono24 team is certain that everyone benefits from a mobility benefit, which isn’t the case with every benefit. After all, everyone needs to get around at some point. With the NAVIT mobility budget, Chrono24 also helps employees get to the office in a stress-free and healthy way.

Results with NAVIT

The NAVIT benefit has helped Chrono24 improve employee satisfaction and employer branding. Employee feedback shows that the entire benefits package is very well received. The NAVIT mobility budget plays a significant role in this. With a 40:60 in-office model, Chrono24 can help its employees cover the cost of their commute.‍

The team is also satisfied with the onboarding process. Since NAVIT provided comprehensive support to Chrono24’s benefits team in planning and communicating with employees, the mobility budget was introduced quickly and seamlessly. This was well-received by employees, who benefit from a digital and flexible mobility benefit.‍

When there was a remaining balance at the end of the year, Chrono24 came up with something special. They donated the remaining funds to charity.

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