Management consultancy Pera Consulting has seen an increase in employee engagement with benefits following the launch of a combined flexible benefits and pension platform.
The platform, which is provided by Hargreaves Lansdown and was launched in April 2015, involved the introduction of new benefits for its 120 staff.
These include dental insurance, pensions salary sacrifice, holiday buying and selling, and a discount restaurant card.
Almost a quarter (22%) of staff have chosen to use the restaurant card, with 10% using the dental insurance option, and 19% of employees choosing a more flexible working pattern through the holiday buy and sell benefit.
The organisation enhanced its benefits package to provide more flexibility for its employees, many of who work remotely.
The overhaul of Pera Consulting’s workplace pension scheme also aims to provide greater support for staff approaching retirement.
Since the platform’s launch, there has been a 43% increase in staff opting for the pension scheme.
To support Pera Consulting employees’ pensions understanding, financial education was also offered to staff during the platform’s launch, provided by Hargreaves Lansdown. This included four employee presentations and 54 one-to-one meetings with staff.
Following this, 40% of staff increased their workplace pension contributions, 79% registered to manage their pension online, and 42% chose their own investments for their pension.
Eleanor Elliot, human resources manager at Pera Consulting, said: “We are delighted by the successful launch of both flexible benefits and the new pension scheme for our staff.
“The results show that staff are taking control of their future and personalising their benefit package. This is exactly what we hoped for.”
