Case study: PricewaterhouseCoopers offers flexible and voluntary perks

PricewaterhouseCoopers (PwC) offers core, flexible and voluntary benefits.

The core benefits – life assurance, personal accident, income protection, and private medical insurance – offer a fixed level of cover, but staff can increase this if they wish.

Flexible benefits include holiday trading – down to a minimum of 20 days or up to a maximum of 30 – a defined contribution (DC) pension, health screening, bikes for work and childcare vouchers. Carolyn Wilkinson, senior employee benefits manager, says: “We have got a flexible benefits plan that is extensive so it can meet the needs of a diverse workforce.”

Voluntary benefits include retail discount vouchers, discounted gym membership, and a concierge service that employees can use to arrange holidays or book theatre tickets, for example.

There is a huge take-up of flex among PwC’s 14,000 staff – about 90% submitted a request during the renewal period in September. One of its most popular benefits is the holiday trading scheme, in which nearly 60% of staff opted to take part.

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