All Case studies articles – Page 49
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Case StudiesThe benefits offered by Arup
PensionTrust-based defined contribution scheme with 96% take-up. Employees contribute 2% to 6% of salary, and Arup double matches employee contributions up to a maximum of 12%. Healthcare and wellbeingPrivate medical insurance: core and upgrade available through flex.Employee counselling.Health screening.Occupational health.Free flu vaccinations.Eyecare.Dental.Discounted gym membership.Group riskLife assurance at four-times salary.Income protection.Critical ...
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Case StudiesArup bolsters benefits to reflect business values
Drawing on the key principles from Arup’s speech of being an employer of choice, being a humane organisation and achieving reasonable prosperity, the organisation conducted a benefits review in 2013, focusing on a strategy that reflects these values.It has created more flexibility and empowerment for staff in order to be ...
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Case StudiesBrowne Jacobson offers mindfulness and resilience support
It also runs workshops on how to build personal resilience, which are open to all employees, as part of its learning and development programme. Yana Belmega, learning and development project manager, says: “[The focus] is around increasing resilience, so looking at what [resilience] is and the difference between pressure and ...
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Case StudiesTelent engages staff with pensions via default investment strategy
Since it was introduced in April 2013, its contract-based defined contribution (DC) scheme has achieved 95% take-up. Telent closed its defined benefit (DB) pension to new members in 2007 and to future accrual in 2012.Telent closed its defined benefit (DB) pension to new members in 2007 and to future accrual ...
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Case StudiesSummer parties motivate staff at Astellas Pharma Europe
The pharmaceutical organisation, which employs 15,000 people across 40 countries, engages its UK staff with an annual summer party, which employees can invite their family to. The parties are also themed. For example, the theme of its 2014 party was the ‘Wild West’.Robert Wigmore, senior manager, reward and human resources ...
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Case StudiesDanone tracks health assessment impact to help support staff needs
The fresh dairy organisation previously offered the assessment, which offers a full health screen, only to senior staff, but it decided to extend access in line with its business objective to help people live healthier lives.As a result, 476 staff undertook a health assessment between the launch of the benefit ...
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Case StudiesBibby Financial Services at a glance
Bibby Financial Services specialises in invoice finance, which provides businesses with the funding that they need for cashflow as a result of unpaid invoices that they have in the pipeline with their customers.The organisation employs around 738 employees in the UK and more than 1,260 globally in 46 locations across ...
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Case StudiesThe benefits offered by Bibby Financial Services
BenefitsPensionA Bibby Line Group-managed contract-based defined contribution (DC) pension scheme open to all employees, with employees’ contribution rate set at 4% and Bibby’s contribution rate set at 5%.A second contract-based DC scheme has been set up for auto-enrolled staff, with contribution rates set at the government’s statutory minimum (currently 1% ...
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Case StudiesThe Attachmate Group tackles risk management around international staff
But ensuring that its perks are fair and competitive can be a challenge, particularly when it comes to ensuring that it remains up to date with legislative changes.Ian Wright, director, global compensation and benefits, at The Attachmate Group, says: “The main challenges are knowing exactly what benefits are offered and ...
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Case StudiesPeel Ports Group creates own governance committee
The committee holds quarterly meetings that include input from its pension scheme provider Aegon, as well as its consultancy Aon Hewitt.There are regular items on the agenda that include ensuring the scheme is run effectively, investment management, administration and scheme performance.It measures all elements of good governance against a score ...
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Case StudiesBibby Financial Services bolsters flexible benefits to boost retention
But she believes that there is room for improvement, despite beating the exceedingly high 98% target she set herself for 2015. To put this into context, the average flex take-up rate among the financial services industry employer clients of Bibby’s flex consultant, Thomsons Online Benefits, is just 69%.This is because ...
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Case StudiesLloyds Banking Group invests in employees’ parental responsibilities
An internal engagement survey carried out in September 2014, illustrated that 41% of Lloyds’ 88,000 staff have parental or caring responsibilities, so it offers staff benefits that will support their work-life balance.Lloyds offers childcare vouchers to all staff as part of its flexible benefits scheme. In addition, it also offers ...
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Case StudiesAsda boosts sharesave take-up
Simon Bell, senior reward manager at the supermarket behemoth, explains: “Our sharesave scheme plays a key part of our reward strategy and we openly encourage participation throughout our organisation from hourly-paid and salaried colleagues to board members.”Before designing its 2014 sharesave campaign, Asda carried out face-to-face research with a broad ...
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Case StudiesBenefits offered by the University of Lincoln
PensionsThree schemes in place including a Teachers Pension, a Local Government Pension Scheme and the Universities Superannuation Scheme. A number of additional voluntary contribution (AVC) schemes are available.Employer contribution levels range from 14% to 28% across all schemes. Healthcare and wellbeingPrivate medical insurance, employer-funded for executive level and heavily discounted ...
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Case StudiesUniversity of Lincoln places benefits at heart of talent strategy
Ian Hodson, reward and benefits manager at the university, says: “The type of employee that we are trying to bring to the organisation now will not be motivated by the typical [benefits] package [of a good salary, a pension and sickness benefits]. We had to change our thinking.“Lincoln is not ...
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Case StudiesScapa Group questions employees’ financial nous
She was particularly keen to understand the level of financial awareness among employees at the global bonding product and adhesive components manufacturer.“[I wanted to know] how much they really knew about pensions and how much of that is in the context of a wider financial savviness,” she says.Patten found that ...
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Case StudiesJP Morgan introduces elder healthcare and dental cover
Employees can select health screening and dental cover for their parents at the current corporate rates that they and their partners receive.The new section of the organisation’s flexible benefits portal, Elements, provides employees with the opportunity to cover themselves, their partner and both their parents and parents-in-law for homecare assistance ...
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Case StudiesThe University of Birmingham revamps car scheme to engage staff
Through the scheme, which is provided by SGFleet, staff can take up a fully maintained and insured car, and make savings through tax and national insurance (NI) efficiencies.The scheme enables the university to compare CO2 emissions of employees’ new cars to the cars they are replacing. CO2 emissions for cars ...
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Case StudiesAnglian Water evolves financial wellbeing strategy to support employees
The utilities organisation has integrated financial wellbeing into its approach to employees’ health and wellbeing since 2007.Sally Purbrick, head of reward at Anglian Water, says: “We have seen a correlation and it all integrates into the area of health and wellbeing. It is not done in isolation. All the areas ...
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Case StudiesWolseley UK identifies online portal provider
Prior to launching its online portal, which is provided by Benefex, the organisation identified up to 10 providers it thought would be suitable to offer a flex platform for its 6,200-plus employees.The chosen providers were given one hour to present their product. Neil McCawley, head of reward, benefits and policy ...