The benefits offered by Ovo Energy

The benefits offered by Ovo Energy:

Pensions and protection

• Defined 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 wellbeing

• Private medical insurance is provided to senior leadership on an employer-paid basis. Eligible employees can extend this cover to include family through the flex scheme.
• Health cash plan, available to all employees through the flex scheme.
• Employee assistance programme (EAP).
• Sports and social clubs are subsidised if they have more than six members. Examples include football, netball, walking, beer, wine and film clubs.
• Bikes-for-work scheme.

Financial wellbeing

• Financial wellbeing information hub.
• Workplace individual savings account (Isa) available through the flex scheme.
• Lifetime Isa (Lisa), through the flex plan.
• Free mortgage advice.

Pay and bonuses

• Six-monthly bonus structure: at the end of each half-year, there is the opportunity to earn a bonus based either on individual or organisational performance, depending on job role.
• Annual salary reviews.

Other

• Online flexible benefits platform, offering purchase of a range of benefits using a base fund worth 4% of an employee's salary.
• Employees receive 25 days holiday, with an extra day for their birthday. Through holiday trading, staff can also buy up to five days using the flex fund.
• The Bristol office houses a subsidised café, with free lunch on Fridays.
• Voluntary benefits website.

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Ovo Energy targets employee financial wellbeing with benefits strategy