Ovo revamps flexible benefits scheme

EXCLUSIVE: Ovo has revamped its flexible benefits scheme for its 700 employees, in order to reflect its values and reward philosophy.

The energy firm’s new online benefits strategy ‘My Rewards’, which uses Thomsons Online Benefits’ Darwin software, was introduced to better cater to its workforce which has doubled in size due to extensive growth in the business.

The flexible benefits scheme includes: childcare vouchers, life insurance, hoiday trading, a health cash plan, gym membership, a bikes-for-work scheme, veichle breakdown cover, GP services, a computer share scheme and Taste Cards.

Libby Townsend, HR reward and projects at Ovo, said: “Last year Ovo doubled in size. The business went from employing a 350-strong team to over 700 in just 12 months.

“This unprecedented, fast-paced growth meant that we needed to rethink our benefits strategy and choose a new provider where industry-leading, scalable technology sat at the heart of the offering.

“It was imperative that any technology we used was available across all mobile devices, could be developed to encapsulate our values and, most importantly, offered an intuitive and agile user experience.

“Ovo is a business built around what’s best for customers. We believe that there is a direct correlation between happy customers and an engaged workforce.

“We focus on simplicity and treating people fairly. These principles are central to our business and key to keeping our people engaged and providing the level of customer service that has led to our industry recognition.

“Before we started this project, we asked our people what they wanted and made sure that the range of benefits we offered matched their needs. When recruiting employees in such volume, it’s important to have a benefits package that helps attract and retain the top talent.”