case studies – Page 9
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Case StudiesThe Phoenix Group places wellbeing at the centre of benefits strategy
After an acquisition in September 2018 that saw life fund consolidator The Phoenix Group grow from 800 to around 4,300 employees in the UK, the organisation set out to ensure that benefits provisions are clearly aligned, and that there is a strong emphasis on employee wellbeing.Although the acquisition of Standard ...
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Case StudiesThe benefits offered by The Phoenix Group
The benefits offered by The Phoenix Group, excluding Standard Life Assurance:Pension and protectionFor auto-enrolment purposes, The Phoenix Group provides a defined contribution (DC) pension scheme, matching employee contributions up to 5%. From April 2019, employees contribute a minimum of 2% of their base salary and the organisation contributes 5%, in ...
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Case StudiesUK Power Networks clearly communicates salary sacrifice rules to employees
When it comes to salary sacrifice, electricity distribution organisation UK Power Networks has traditionally been risk averse from a tax perspective, according to Steve Remnant, head of reward and HR services. This means that the government’s moves to limit salary-based benefits have had limited day-to-day impact.“I think that, overall, employers ...
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Case StudiesAdmiral Group supports employees financially to lower stress and boost performance
Insurer Admiral Group has approximately 7,500 employees, predominantly based in Cardiff and working in roles ranging from customer service through to technical support. It has a relatively young workforce, with an average age in the early 30s, roughly equally split between men and women.The organisation bases its benefits strategy around ...
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Case StudiesWelcome Break uses multiple channels to inform employees of core benefits
With a workforce of 5,500 employees spread across 29 locations and 350 different business units, Welcome Break has to use various communication methods to keep staff up-to-date with benefits information.The motorway services operator has an offline workforce of around 85% to 90%, and cannot rely on emails alone. Nicola Marshall, ...
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Case StudiesSevern Trent Water places strong focus on health and wellbeing of employees
Severn Trent Water has positioned its benefits strategy to place a strong focus on the health, wellbeing and engagement of its 6,500 UK and Ireland-based employees.The organisation launched a virtual GP service in December 2018, available through its health cash plan and its contractual private medical insurance (PMI), in order ...
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Case StudiesThe benefits offered by Severn Trent Water
The benefits offered by Severn Trent Water:Pension, protection and payA defined contribution (DC) pension scheme for all employees, offering 2:1 matching contributions and a maximum 15% employer contribution.Group income protection, available for all staff on an employer-funded basis. This operates on a phased reduction model: once an employee's sick pay ...
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Case StudiesSunrise Senior Living puts recognition at the heart of its benefits strategy
Private residential and nursing care home business Sunrise Senior Living centres its benefits strategy around peer-to-peer and top-down recognition, aligned with its business goals and principles of service.Primarily, this is achieved through the organisation’s Heart and Soul programme, which encourages its 5,000 UK-based employees to recognise colleagues that go over ...
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Case StudiesThe benefits offered by Sunrise Senior Living
The benefits offered by Sunrise Senior Living: Pension, protection and payA defined contribution (DC) pension scheme for all employees, delivered through a master trust. Contribution levels vary depending on seniority.Income protection is available for salaried employees on an employer-funded basis. This pays up to 70% of their basic salary for ...
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Case StudiesInvestec aims to address sustainability within its wellbeing strategy
In order to explore how sustainability can be incorporated into a wider wellbeing strategy, financial services organisation Investec is testing the waters with an employer-paid cycling scheme.Investec, which has 3,200 employees across 16 operating sites in the UK, is looking to roll out an organisation-wide, employer-paid cycling scheme in February ...
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Case StudiesZurich uses benchmarking as basis for new reward proposition
Insurance organisation Zurich employs around 5,000 people in the UK. Towards the end of 2016, it decided the time had come to refresh its reward package.Jo Burton, UK employee benefits manager at Zurich, explains: “We’d offered flexible benefits for many years, but had never really changed what we offered, so ...
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Case StudiesPrezzybox adopts holistic approach to total reward
Since its launch in 2000, online gift retailer Prezzybox has taken a holistic approach to reward, believing that culture and working environment are as important as traditional benefits.Zak Edwards, managing director at Prezzybox, says: “Too many employers see fiscal rewards as the be all and end all, which is shortsighted. ...
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Case StudiesBromford uses trust-based working as foundation for holistic reward package
Affordable housing social enterprise Bromford uses a holistic benefits package to empower its 1,800 employees to plan for the future, as well as looking after their health, finances and work-life balance in the present.A key element of this approach is the organisation's commitment to allowing its workforce, which includes field ...
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Case StudiesAddison Lee to launch new values as part of wider benefits roadmap
Transportation service Addison Lee is launching five organisational values in February 2019, as part of a wider strategy to reinvigorate benefits and reward for its 1,600 global employees.The new values have been decided by the leadership team and are going to be introduced to help shape the organisation’s culture, as ...
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Case StudiesThe benefits offered by Addison Lee
The benefits offered by Addison Lee:Pension and payFive defined contribution (DC) pension schemes, which the organisation is looking to consolidate. These include pension schemes with National Employment Savings Trust (Nest) for approximately 500 employed UK chauffeurs, and with Aegon for management. Contributions vary according to seniority: employees and team leaders ...
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Case StudiesZurich increases access to benefits to help employees manage busy lives
Insurance organisation Zurich has approximately 4,500 permanent staff in the UK. In the second half of 2017, internal research revealed a pressing need to upgrade its benefits programme.Steve Collinson, UK head of HR at Zurich, explains: “Instead of us as an organisation deciding what to offer, we did a really ...
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Case StudiesIndeed offers unlimited annual leave to support employee work-life balance
Global recruitment search engine Indeed aims to provide users with an exceptional experience finding new and exciting careers. With this insight into the world of employment, Indeed also grasps the importance of using both local and global benefits to engage and support its 7,400 employees worldwide.Bryan Chaney, director, global employer ...
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Case StudiesThe benefits offered by Indeed
The benefits offered by Indeed:Pension, protection and payGlobal 401k retirement saving scheme for all full-time employees. If staff save up to 6% of their pre-tax salary into the scheme, Indeed will match half. The scheme is managed internally.Employer-paid short-term and long-term disability insurance, paid up to a set amount based ...
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Case StudiesEquifax develops wellbeing approach to enhance employment proposition
Global credit reference agency Equifax launched an online financial education programme in June 2018 to kick start an overall wellbeing strategy for its 800 UK employees.This strategy was designed, in part, to help address the current business challenges Equifax is facing; namely, the attraction and retention of talent in an ...
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Case StudiesThe benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...