All Case Studies articles – Page 80
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Case Studies
ING Direct launched flexible benefits on a cost-neutral basis
ING Direct launched a flexible benefits scheme on 1 January this year, with the aim of running it on a cost-neutral basis after start-up costs. Human resources director, Jennie Monon, explains: "We wanted to increase choice without increasing cost." The company's flexible benefits pot was created by enabling staff to ...
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Case Studies
Acxiom manages absence effectively
Acxiom plan for early warning to help it manage absence more effectively - and benefit from a bonus worth 5% of its annual premium - it implemented Legal & General's early notification scheme in 2006. This requires it to report at least 80% of its long-term absences by the sixth ...
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Case Studies
Westminster City Council's EAP has impacted its absence rates
Although Westminster City Council cannot attribute a fall in absence rates entirely to its employee assistance programme, it believes the 24-hour helpline has had an impact.Since the EAP was introduced in May 2006, sickness absence rates have fallen from an average of 10 to eight-and-a-half days.While Trevor Webster, strategic HR ...
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Case Studies
AA offers its senior managers flexible benefits
Senior managers at the AA have been offered access to flex as part of their reward package for the last six years.Previously, the AA was a division of Centrica, but when the AA was sold by the utility company to two private equity firms, the HR team took a fresh ...
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Case Studies
KPMG has 16 options in its flexible benefits scheme
Financial consultancy firm, KPMG UK, has 16 options in its flexible benefits scheme, but the most popular is life assurance, followed by the pension and medical insurance.The next most popular benefit is holiday trading so staff can buy or sell leave provided they are left with between 20 and 30 ...
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Case Studies
Saatchi & Saatchi previously ran a phantom share scheme
Saatchi & Saatchi ran a phantom share option scheme from the late 1990s to 2002.The advertising giant was then in the process of implementing a savings-related share option scheme for its employees, but found that the complexities of securities laws or exchange controls in some parts of the Far East ...
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Case Studies
Employer profile: Hewlett-Packard
Hewlett-Packard needs to remain competitive in a fast-moving industry so applies flexibility within its global total reward strategy, says Debbie LovewellHewlett-Packard (HP) and Shrek may not seem like the most likely pairing, yet, it is the former’s technology that enabled the third installment of the movie series to be brought ...
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Case Studies
Childcare vouchers at PWC impact post-maternity leave retention rates
The introduction of childcare vouchers at PricewaterhouseCoopers has had an impact on post-maternity leave retention rates, which soared from 40% in the mid-90s to 92% in 1998 when the scheme was launched, before falling to 89% in 2005.Women returning to work after maternity leave are now offered 12 months' worth ...
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Case Studies
British American Tobacco offers financial education to those in share schemes
British American Tobacco (BAT) offers financial education to those employees participating in its share schemes who are based at its London headquarters.Particular emphasis was placed on the sharesave scheme when it matured in 2006, as the share price had significantly increased in value. The HR department recognised that it needed ...
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Case Studies
Employer Profile: National Express
National Express was previously hampered by retention issues, but creative use of perks has helped staff stay on board, says Kate DonovanWhen scheduled coach operator National Express discovered its staff turnover had hit 50%, it became apparent that its lack of employee benefits was clearly taking its toll. Prior to ...
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Case Studies
Toshiba improves employee health and wellbeing
Toshiba introduced a wellness week last year, as part of a series of initiatives designed to improve employee health and wellbeing.Susan Stevens, head of HR at Toshiba, explains: "We wanted to pull together all the themes we had introduced and reinforce the message that we valued our employees' health and ...
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Case Studies
National Express employee enjoys voluntary discounts
Neil Watson is a team manager at the National Express contact centre, which he joined, initially as an adviser, some six years ago.When he began working for the firm, Watson only received the employee bus pass but has since made the most of the subsequent benefits developments.Despite the expense of ...
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Case Studies
Bristol-Myers has a comp and bens team within its HR dept
Bristol-Myers Squibb Pharmaceuticals has a dedicated compensation and benefits team as part of its HR department.Alison Maitland, director of compensation and benefits at the US-owned drugmaker, which markets drugs to help those suffering from conditions such as HIV and cancer, says: "All benefits for employees in the UK are managed ...
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Case Studies
MTV moves from traditional reward to flexible benefits
MTV introduced its flexible benefits scheme in 2005 in order to replace its previous more traditional style of reward structure.As an innovative and exciting global brand, it felt that its previous reward package was in stark contrast to the image that the company wanted to promote to both current and ...
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Case Studies
Cooper Parry divides benefits between HR and finance
Cooper Parry divides responsibility for benefits between its HR and finance functions.While the HR team at the East Midlands accountancy firm runs the lion's share of perks, its finance department oversees its car fleet and pensions.Neena Tebbutt, director of HR, says: "Responsibility for employee benefits is [with] a combination of ...
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Case Studies
Homeserve runs its employee benefits via HR
Homeserve GB sticks with the tried-and-tested method of running its employee benefits through the human resources department.The HR team at the emergency call-out and repairs company has responsibility for all perks, bar its company car fleet and gym membership, which are outsourced.However, the department still needs to get changes signed ...
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Case Studies
KPMG uses two annual employee engagement surveys
Accountancy firm KPMG uses two annual internal employee surveys to assess staff engagement levels and the effect benefits have on this.One survey analyses engagement levels, while the other focuses on benefits. In the future, the firm plans to combine the two to gain a better idea of the relationship between ...
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Case Studies
Cambridgeshire County Council has a well-developed total reward strategy
Cambridgeshire County Council has been developing its total reward strategy since 2000. Stephen Moir, director of people and policy at the council, says that the biggest reason behind deploying the concept was to use reward to improve recruitment and retention. "There was no sense of quantification. Employees didn't realise how ...
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Case Studies
EC Harris distributed total reward statements before its flex re-brand
Property consultancy EC Harris distributed total reward statements to its 1,600 UK employees before it re-branded its flexible benefits scheme in July 2005.The statements helped it to communicate scheme changes and minimise the chances of take-up rates being low.The statements were also deemed to be far more effective in communicating ...