All Case studies articles – Page 25
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Case StudiesStelrad’s default investment strategy helps employees manage retirement expectations
The Stelrad group personal pension (GPP) plan was set up with Standard Life in September 2014, following the sale of a related company, Ideal Boilers. It has 125 members in total, of whom 108 are long-serving, active members and 17 are deferred.The scheme, which is closed to new members, runs ...
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Case StudiesThe benefits offered by Ovo Energy
The benefits offered by Ovo Energy:Pensions and protectionDefined contribution (DC) group personal pension (GPP) for all employees with a 5% matched contribution from the employer.Critical illness insurance, available to all employees through a flexible benefits plan.Healthcare and wellbeingPrivate medical insurance is provided to senior leadership on an employer-paid basis. Eligible ...
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Case StudiesOvo Energy targets employee financial wellbeing with benefits strategy
Utilities provider Ovo Energy has experienced a sharp growth trajectory over the 10 years it has been operating, and as such, has created a benefits strategy that can both meet the needs of a fairly young workforce, while also supporting a talent management strategy that focuses on attracting and retaining ...
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Case StudiesLeeds Building Society uses key awareness week to support diversity ambitions
In 2018, Leeds Building Society, which has 1,400 employees, received the Leaders in Diversity accreditation from the National Centre for Diversity, recognising its demonstration of a strong commitment to diversity and inclusion from senior leadership.This commitment encompasses an organisational ambition to build an inclusive culture that enables employees with a ...
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Case StudiesUniversity of Lincoln uses targeted communications to position pensions
With about 2,000 employees enrolled across six pension schemes, the University of Lincoln faces a considerable challenge when it comes to reaching its entire workforce, let alone effectively engaging staff with pensions.To position retirement savings as a key element of the employee journey and the overall reward package, the university ...
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Case StudiesStonegate Pubs provides flexible pay to give employees control over financial health
Pub management organisation Stonegate Pubs, which operates 770 pubs and bars across the UK, including brands such as Slug and Lettuce, and Walkabout, has 15,000 employees overall, 12,000 of whom are paid on an hourly rate. Roles include bar staff, kitchen staff, salaried management and a 450-strong central support team.Making ...
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Case StudiesTravelex offers a range of benefits to support global employees' needs
Image credit: Kristi Blokhin / Shutterstock.comA Travelex store is a familiar sight for any global traveler; the foreign exchange business operates in 60 countries and has a widespread presence in airports, transport hubs, shopping centres, supermarkets and high streets.With 9,000 employees around the world, the organisation operates its benefits on ...
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Case StudiesPattonair takes car scheme green to impact environment and help staff save
Aerospace manufacturing supply chain organisation Pattonair has more than 1,000 employees globally, 600 of whom are based in the UK, in Derby and Woking.For its UK employees, for the last 20 years, Pattonair has offered a company car benefit as a perk for those in the top four levels of ...
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Case StudiesPolice Scotland harmonises pay and benefits for 6,000 staff
Three years ago, national police force Police Scotland embarked on a project to harmonise its employee benefits, as well as its employment terms and conditions, for its 6,000 non-officer staff.Known internally as the Staff Pay and Reward Modernisation Programme (SPRM), the project aimed to introduce equality and fairness to the ...
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Case StudiesThe benefits offered by Police Scotland
The benefits offered by Police Scotland:PensionsThe Local Government Pension Scheme, a career average revalued earning (Care) scheme, is available for all staff; employee contributions vary dependent on salary and Police Scotland contributes around 19% of an employee’s salary.PayOvertime pay of time and a half, and double time for working on ...
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Case StudiesGoodman Masson tackles employee absence with health and wellbeing strategy
Finance and technology recruitment organisation Goodman Masson has prevention and wellbeing at the forefront of its healthcare strategy. Alice Morton, head of people at Goodman Masson, says: “Despite the [organisation's] growth over the last few years, we have seen a decline in absenteeism. We spend so many hours at work, ...
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Case StudiesDWF engages employees with pensions through enhanced matched contributions
Legal services firm DWF employs around 2,300 staff across 11 offices throughout the UK and Ireland. In April 2019, it launched a new self-invested personal pension (Sipp) plan, to encourage employees to engage more with their retirement savings.Stephen Jones, head of reward at DWF, says: “We’d offered matched contributions based ...
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Case StudiesNationwide demonstrates the role of workplace pensions within wider package
To engage its 18,500 employees with their retirement savings, Nationwide Building Society provides a dashboard through which staff can view all of their pension information in one place, uses nudges to promote behavioural change, and runs competitions during which, for example, employees can design posters illustrating their personal retirement dreams.Currently, ...
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Case StudiesRicoh uses chatbot to engage remote staff with financial wellness communications
Multinational document services, consulting, software and hardware provider Ricoh has 2,400 employees spread across the UK, including a large base in both Northampton and London.Toni Smith, reward and insights manager at Ricoh, says: "Reaching [office-based] employees with communications is quite easy. The challenge that we have with anything we roll ...
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Case StudiesJohnson Matthey uses intuitive technology to make pensions personal
Johnson Matthey is a multinational specialty chemicals and sustainable technologies business, employing 4,300 people in the UK across 14 sites. Our workforce is very diverse, ranging from production workers to scientists.Our pension scheme has a complex benefit structure, offering members different retirement savings options, encompassing career average revalued earnings, closed ...
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Case StudiesSomerfield Pension Scheme insured £425 million of liabilities through buy-in
Manchester-based Somerfield Pension Scheme, sponsored by the Co-op, insured £425 million of liabilities through a buy-in with Pension Insurance Corporation (PIC) in January 2019. It covered 2,900 people, the scheme’s entire pensioner population excluding those with very small pensions.James Giles, pensions investment manager at Co-op, says: “One of the first ...
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Case StudiesDotty about Paper reinforces employer brand through social media
Having a strong employer brand is important to Bridgnorth-based stationery organisation Dotty About Paper, which was originally called Card Gallery when it was launched in 2004.Lisa Forde, owner of Dotty About Paper, explains: “We were struggling to reach out to potential employees and customers, so we decided to rebrand in ...
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Case StudiesCharles Tyrwhitt refreshed benefits to embed new organisational values
Two years ago, global menswear retailer Charles Tyrwhitt began a largescale project to update its organisational values, purpose and behaviours. Alongside this, it refreshed its reward package to better reflect its new cultural approach.Sarah Mortimer, talent acquisition and employer communications manager at Charles Tyrwhitt, says: “We had a set of ...
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Case StudiesThe benefits offered by Charles Tyrwhitt
The benefits offered by Charles Tyrwhitt:Pension and protection benefitsDefined contribution (DC) workplace pension scheme for all employees, offering enhanced matching employer contributions of 6% for managers and above.Group income protection offered to all staff on an employer-paid basis.Health and wellbeingPrivate medical insurance (PMI) provided on an employer-paid basis; this includes ...
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Case StudiesACCA engages employees with retirement planning using tailored roadshow
Global professional accountancy body The Association of Chartered Certified Accountants (ACCA) has engaged its employees with retirement planning through a pensions roadshow that addressed their changing needs as they approach retirement.The roadshow, which was offered to all 850 ACCA UK employees, took place across its offices in September 2019, and ...