Listen: Online third-party retailer, Sol Retail has a business philosophy to provide benefits that are both highly valued by the employee and also bring advantages for the employer. Starting from a small, two-person operation and growing rapidly to a small- and medium- sized enterptise (SME), Barry Tong, chief executive officer (CEO), quickly realised that offering a benefits package that supports employees’ health, wellbeing and work-life balance, will also aid the continued growth of the organisation.
In this episode of the Employee Benefits podcast, Tong explains how the organisation has ensured that its benefits strategy has kept pace as the business has grown, and the reasons behind the introduction of some of the highly valued schemes, such as private medical insurance (PMI) and unlimited leave.
At a glance
Barry Tong founded Sol Retail in 2012. The organisation helps global health, beauty and wellbeing brands grow and manage their online presence across various marketplaces across the globe.
The business has evolved from selling ornaments and DVDs on eBay, and is now home to more than 120 global beauty and wellbeing brands.
Some of the typical job roles at the organisation include brand managers, warehouse assistants, platform managers, and accounts.
Sol Retail currently has 40 employees; the average length of service is 3.5 years and the average age of staff is 39.
Primary business objectives that impact on benefits for the coming year
To increase sales and profit, and keep the cost of goods as low as possible.
