Standard Chartered Bank and supermarket chain Lidl GB have been shortlisted for Best voluntary benefits at the Employee Benefits Awards 2024.
This award was created to celebrate organisations that have either launched or revamped their use of staff-paid, voluntary benefits or staff deals, available for employees to take up at any time throughout the year.
The full category shortlist is:
- iPSL
- Lidl GB
- Standard Chartered Bank
- Wates
In 2023, University of Lincoln scooped the top prize due to its revamp of its benefits offering for student workers, which included a prepaid branded debit card that gives cash back at multiple retailers known as the Lin-Card, a student individual savings account (Isa) with employer contributions supported by save-at-source deductions as an alternative to the pension scheme, and a student-led thought leadership think tank with stakeholders exploring the educational aspects of student saving.
The schemes helped employees learn how to manage their money better and some to save thousands of pounds through the Isa by utilising employer contributions.
A University of Lincoln spokesperson said: “We are proud of the financial benefits we’ve been offering, they’ve been a real key focus for us. We’re doing a lot for our student employees in terms of cost-of-living benefits, including opening up [the] Isa for pensions contributions for them. We are trying to be a trailblazer in changing legislation for our younger workers, so we tried something different, proved it worked and then held an event with government ministers to show that we could create a better workplace.”
The Employee Benefits Awards, which is in its 22nd year and celebrates those driving excellence through their reward and benefits strategies, will be held at the Honourable Artillery Company, London on Friday 14 June. The daytime event will include a drinks reception, three-course meal, entertainment and the chance to network with industry professionals.
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