Case studies – Page 67
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Case Studies
Case study: ICE engineers DC pension membership rise
The Institution of Civil Engineers (ICE) closed a defined benefit (DB) pension scheme with 60 members and a trust-based defined contribution scheme with 110 members at the end of last year, and replaced them with a single group personal pension plan provided by Scottish Life. Since then, membership has risen ...
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Case Studies
Case study: Boots offers healthy rewards
Most of the healthcare incentives and benefits offered to Boots UK's 64,000 staff are voluntary benefits, such as private medical insurance, or discounts on flu vaccinations or eye examinations.These measures are part of a broad strategy, implemented two years ago, for supporting staff health and wellbeing. Boots UK takes part ...
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Case Studies
Case study: BAE Systems reshapes bonus scheme
Defence firm BAE Systems restructured its bonus scheme for executives as part of its efforts to reward those who contribute to its objectives, in order to follow recommendations set by Lord Woolf, the Lord Chief Justice, who started examining its business practices in 2007 when an investigation by the Serious ...
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Case Studies
Case study: Freshfields is ready for emergencies
With over 2,500 lawyers in 27 cities around the world, law firm Freshfields Bruckhaus Deringer must be prepared for all eventualities.The company, which has a Tokyo office, has a clear disaster recovery plan. Kevin Hogarth, global HR director, says: "Ensuring the safety and wellbeing of our people is our primary ...
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Case Studies
Case study: Integration no problem at Informa after acquisitions
Having grown significantly through acquisitions over the past 13 years and being the result of a merger itself, Informa has seen its HR and reward department play a key role in integrating businesses into its benefits package.A vital part of the acquisition process is communicating with new staff. This is ...
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Case Studies
Case study: E.On empowered by national pension scheme
E.On is a diverse business with a long history of mergers and acquisitions. In the UK, most staff belong to one of three pension plans: career average and final salary arrangements that are closed to new staff, and an open defined contribution (DC) plan.Ant Donaldson, senior specialist, employee benefits at ...
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Case Studies
Case study: Santander accounts for many changes after acquisitions
Mergers and acquisitions are not uncommon in the banking sector and 2008 was a busy year on this front. Ian Cunning, senior reward manager, human resources at Santander, says: "Towards the end of the year we acquired Alliance and Leicester, the retail deposit arm of Bradford and Bingley and the ...
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Case Studies
RBS adds interest to total reward package
Royal Bank of Scotland’s (RBS) total reward strategy includes pay and employee benefits, but also focuses on learning and development for its 93,000 UK staff.RBS’s Your Choice programme includes healthcare benefits, cars, flexible working and payroll giving. It also offers is also a Your Development-branded strand, which is broken down ...
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Case Studies
Case study: KFC serves up tasty opportunities for staff
In the past year, Kentucky Fried Chicken (KFC) has expanded its career development programmes, while translating elements of its head office working environment into its 800 UK restaurants.Its advanced apprenticeship programme, piloted in the London region in 2010 and now being rolled out across the UK, offers KFC’s 9,800 staff ...
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Case Studies
Case study: Volvo staff incentives drive sales
When Volvo Car UK wanted to boost sales of its SE Lux and executive level vehicles last year, it launched a motivation programme for sales staff that had a personalised focus for individuals. This enabled managers to discuss an individual’s performance and match it with a variety of incentives.Volvo’s Hub ...
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Case Studies
Case study: Allstate Northern Ireland staff sign up to save with corporate Isa
Technology and business services firm Allstate Northern Ireland has launched a corporate Isa with payroll deductions for its 1,900 employees.The WorkSave Isa, provided by Legal and General, was introduced at the end of November 2010 to tie in with Allstate’s annual bonus scheme in December. Managing director Bro McFerran thought ...
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Case Studies
Case study: Charles River Associates' health cash plan is a winner
Global consulting firm Charles River Associates carries out an annual benefits review.In April 2010, it introduced an employer-paid health cash plan, provided by Westfield Health, for its London-based staff. Peg Dahl, associate director, global benefits, says: “This complements the supplemental medical and dental insurance we already offer and gives employees ...
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Case Studies
Case study: Arup engineers matching pension contributions
When engineering firm Arup set up a new group personal pension (GPP) plan last June, it decided to offer a matched contribution to staff.The matches on offer range from a minimum 2% employee contribution which attracts 4% from the employer, up to a maximum 6% employee contribution which attracts a ...
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Case Studies
Case study: Hannaford cuts down on car insurance claims
St Albans-based fit-out and refurbishment firm Hannaford has seen its insurance claims and premiums drop sharply since implementing a comprehensive driver training programme for its 51 employees in 2008.Fleet manager Leigh Stiff says: “We only had five claims last year and the same the year before. Before we started this ...
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Case Studies
Case study: Cashing in on staff discounts at Sainsbury's
Lyn O’Dwyer has been a night shift replenisher at Sainsbury’s Purley Way store in Croydon for over two years. She says night shifts give her the chance to attain a healthy worklife balance.When asked what she likes best about working for Sainsbury’s, O’Dwyer says: “My colleagues. I really enjoy working ...
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Case Studies
Case study: Peel Hunt finds harmony in retirement planning
After a staff buyout from KBC Bank, broking house Peel Hunt had the opportunity to create its own reward strategy to increase employee engagement.†Over the years, Peel Hunt had accumulated three pension schemes with different providers, and it turned to Thomsons Online Benefits to help it harmonise these schemes to ...
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Case Studies
Case study: Employee savings check out at Asda
Asda offers its staff a 10% discount card after three months service. The card can be used in any Asda store in the UK and in any global Walmart, Asda's parent company. Using the card, Asda's 175,000 staff save over £60 million a year.When Asda launched an online voluntary benefits ...
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Case Studies
Case study: Salary sacrifice buoys Severn Trent Water staff
Severn Trent Water introduced its SmartWater benefit in January 2010, which enables employees to pay their water bill through a salary sacrifice arrangement.The company bills about 3.5 million customers throughout the Midlands, a number of whom are its own employees. In the first year of SmartWater, 1,500 of the firm's ...
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Case Studies
Case study: Tasty bonus for McDonald’s employees
McDonald’s gives its 85,000 UK staff an employee discount card as soon as they begin work with the chain.The card offers staff five standard discounts, including a medium extra value meal for £2.99, a breakfast extra value meal for £1.99, or a toasted deli sandwich meal for £2.99. There is ...
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Case Studies
Case study: National Grid stays offline for total reward statements
National Grid, which has offered total reward statements for over five years, decided against moving online when the statements were relaunched in 2010.The relaunch was part of a wider strategy to enhance the employer brand after a staff survey indicated a lack of understanding of the total package.Online statements were ...