All Case studies articles – Page 85
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Case Studies
Consensus offers staff PMI after six months service
London-based recruitment consultancy Consensus automatically provides staff with access to a private medical insurance (PMI) scheme after six months' service. Two years ago, its premium increased sharply. After looking around, managing director Martin Tyrrell, found a cheaper premium with extra health and wellbeing benefits added in. "Most PMI (policies) are ...
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Case Studies
Senior management support has helped City of York Council drive absence down
The City of York Council cites an absence management system and support from senior management as the reasons behind its reduction in sickness absence levels from 13.5 days per employee recorded between 2004 and 2005 to 12.5 days between 2005 and 2006.Stephen Forrest, HR business development manager, explains: "The scheme ...
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Case Studies
AA revamps flexible benefits under new ownership
The Automobile Association (AA) was in the opposite position to PwC when its owner, Centrica, sold the vehicle recovery organisation to two private equity firms in 2004.In its first year of operation, the AA stuck with the status quo and continued with the flexible benefits scheme (and provider) Centrica had ...
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Case Studies
Capgemini offers financial education to employees
IT consultancy Capgemini decided to offer a financial education package to employees after its HR department received numerous requests for help with financial queries, especially about mortgages.Many of the firm's 6,500 employees are based at client sites spread throughout the UK. In order to fit in with their working patterns, ...
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Case Studies
Lloyds TSB tinkers with flex to meet age laws
Case study: Lloyds TSBLloyds TSB is to increase the maximum age at which staff can obtain products offered through its flexible benefits scheme to ensure it complies with age discrimination legislation. Many products offered, including private medical insurance (PMI), health screening, life assurance and critical illness cover, currently have a ...
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Case Studies
Bestinvest critical of delays in group risk implementation
Case Study: BestinvestAs a financial services organisation, intermediary Bestinvest was aware of the importance of allowing adequate time for the implementation of its flexible benefits scheme on 1 January 2006. The design process had therefore commenced five months previously.Most quotes for income protection, which is a core benefit, and critical ...
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Case Studies
AstraZeneca international flex allows for local variance
Case study: AstraZenecaPharmaceutical company AstraZeneca offers flexible benefits plans in a number of the countries in which it has an employee presence including its three main locations: the US, Sweden and the UK.The company has a two-page document that outlines its global compensation and benefits aims, but doesn’t specify exactly ...
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Case Studies
Broadly similar international flex for Vanco
Case study: VancoIn April 2003, virtual network operator Vanco simultaneously introduced its flexible benefits package, V:choice, across eight countries - the UK, Germany, Spain, Italy, Netherlands, Singapore, the US and Australia. In 2004, this was extended to cover Belgium, France and the Czech Republic,followed by Sweden, Switzerland and Poland at ...
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Case Studies
National Grid Wireless uses in-house know-how to launch flex
Case study: National Grid WirelessWhen National Grid Wireless launched its flexible benefits scheme in December last year, it called on its in-house tax advisers for assistance.Their advice was particularly useful when identifying which benefits were tax-exempt because the flex scheme is based on salary sacrifice arrangements. Bruce Sayers, reward and ...
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Case Studies
Adecco provider relationship underpins admin success
Case study: AdeccoKatie Ivie, head of HR business partnering for recruitment company Adecco,believes a strong relationship with providers is crucial to eliminating unintended costs of flexible benefits schemes.The firm, which introduced a flexible benefits package in June 2004 for its 3,500 staff in the UK, used the increased headcount made ...
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Case Studies
Finnforest UK underpins salary sacrifice with thorough comms
Case study: Finnforest UKWhen timber supplier Finnforest UK introduced a salary sacrifice arrangement for bikes in September 2005, it was aware of the importance of communication.Sue Culverhouse, HR administrator, found that filtering information through line managers was the most effective communication process."Although leaflets were produced, we found that educating management ...
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Case Studies
Gap opts for stakeholder pension
Case study: GapGap employs 6,500 staff in the UK, predominately in stores across 140 locations, with 90% working on a part-time basis across a variety of shift patterns and days. Sue Hayes, HR consultant, says: "Effective and consistent messaging to this group is one of the biggest challenges we face. ...
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Case Studies
Airbus Deutschland runs innovative scheme to fund pensions
Case study: Airbus Deutschland†Hamburg-based Airbus Deutschland runs an innovative scheme funding pensions for its 18,000 employees in return for overtime credits.The aircraft maker developed the concept with Invesco, which manages the investment and admin of the scheme, as a response to discussions about raising the retirement age.A portion of employees' ...
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Case Studies
United Utilities helps staff make most of finances
Case study: United UtilitiesOffering employees financial advice and education may not be a common benefit in the utilities sector but at United Utilities, it's seen as part of the company's responsibilites.Julie McGowan, secretariat administrator, explains: "It does surprise our employees but we believe we should offer them [education] to help ...
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Case Studies
Qinetiq chooses own providers in outsourced scheme
Case study: QinetiqWhen Qinetiq, the defence technology and security company, revamped its benefits package in November 2004 it added home computers, childcare vouchers and bicycles on a salary sacrifice basis.Delivering the best possible scheme for its 9,500 UK-based employees meant looking carefully at potential suppliers. Qinetiq's group head of reward ...
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Case Studies
Chard fleet goes greener
Case Study: ChardWest London estate agency and lettings firm Chard has taken a greener route when ferrying potential buyers and tenants around available properties in Notting Hill, Kensington, Brook Green and Fulham.The company has plans to eventually replace about 50 Toyota Rav4 vehicles with petrol-electric Toyota Prius cars.Jim Pike, fleet ...
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Case Studies
Whitbread focuses on company cars
Case Study: WhitbreadHospitality and leisure firm Whitbread runs 600 company cars and has reduced the number of cash alternatives it offers.The company has two fleet systems, a car benefit scheme for status and perk drivers, and the company car scheme for business drivers.Nigel Trotman, business relationship manager, believes retaining company ...
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Case Studies
McDonald's staff eye cash for cars
Case Study: McDonald'sMcDonald's offers a cash allowance scheme to its 1,300 employees who are entitled to a company car.The split between employees taking a company car and the cash option is reasonably even. The fleet department calculates the cash allowance by grading employees, with each grade being entitled to a ...
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Case Studies
Capita Group offers financial education on share schemes
Case study: Capita GroupProfessional services and outsourcing company Capita Group has offered a sharesave scheme since 2000 and a share incentive plan since 2002. It uses a range of methods to educate its employees about its share schemes, including mailing booklets to their home addresses, hosting presentations and putting information ...
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Case Studies
Yorkshire Building Society prefers cash over cars
Case Study: Yorkshire Building SocietyBuild in reduced admin Yorkshire Building Society has had a cash allowance scheme in place since 1998.Mary Blackwell, supplies manager at the organisation, believes the reduction in admin is the key advantage of the scheme. “It certainly is easier to administer, we obviously have more to ...