Parallel Employee Benefits breaks industry mould with a no cost platform to level the playing field for small and medium-sized employers
In a move set to shake up the employee benefits industry, independent employee benefits specialists Parallel Employee Benefits (Parallel) is offering its powerful new Employer Hub and Employee App platform at no cost to all existing and future clients to manage their pension and insured benefits – giving SMEs access to the kind of tech and efficiency typically reserved for major corporates.
The announcement marks a bold step in levelling the playing field for smaller businesses, many of which struggle with outdated, admin-heavy HR systems and rising compliance demands. By removing the cost barrier, Parallel is making it easier for SMEs to offer a seamless, professional benefits experience, and to attract and retain top talent in a fiercely competitive market.
Launching this summer, the platform combines two streamlined tools:
The Employee App puts benefits in employees’ hands, with mobile self-service features for pensions, medical plans, and more.
The Employer Hub gives HR teams one centralised dashboard to automate admin and eliminate the spreadsheet chaos.
More than 380 clients across media, creative, tech, and many other sectors will be migrated to the platform in the coming months, reflecting the huge demand among SMEs for better benefits infrastructure without enterprise-sized fees.
Dipa Mistry Kandola, CEO of Parallel, said: “For too long, SMEs have been overlooked and underserved when it comes to employee benefits and tech. We’re changing that, decisively. By offering this powerful platform at no cost, we’re handing employers the keys to manage pensions and insured benefits with ease and transparency. The industry has made it complex and costly for smaller businesses. We’re changing that model. Our mission is simple: employee experience should never be sacrificed for simplicity or affordability. SMEs deserve better, and now, they have it.”
Caroline Masterton, Director of Parallel, said:
“We started Parallel to fix a broken system. This is the next step. In a sector where technology is often bundled with expensive consulting retainers or sold as high-end software, Parallel’s no cost platform challenges the traditional business model, and underlines our commitment to accessibility, transparency and real value. HR and payroll teams are crying out for practical solutions to rising compliance and cost pressures. We’ve built a platform that makes life easier – and now we’re giving it away.”
