Case study: Tesco offers wide choice of benefits

Retail giant Tesco offers its employees a wide choice of benefits, including a defined benefit (DB) pension scheme that is open to all staff from day one, three all-employee share schemes, life assurance, childcare vouchers and discounts at theme parks.

The retailer also offers all its employees a discount card, the Privilege card, which gives a 10% discount on shopping in all Tesco stores and online. Staff can save a maximum of £730 a year.

Staff feedback shows the Privilege card is top of the list of most valued benefits. Vicki Etienne, benefits manager at Tesco, says: “It is combined with the Tesco Clubcard, but another reason the Privilege card is so popular is [staff] get immediate benefit from it, they get money off their shopping bill.”

Voluntary benefits include a staff tariff on the Tesco Mobile network and discounts at Tesco Bank. Each pay period, Tesco includes a new offer, for example extra deals on clothing, homeware or photo processing.
With nearly 290,000 UK staff, Tesco has a wide range of needs to consider. “We have a very wide demographic of staff, so we try to make sure there is something for everybody,” says Etienne. “At Christmas, staff are given extra money-off vouchers as a thank-you.”

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