Pearl Group has launched a flexible benefits scheme for 700 of its life company and corporate office staff.
The scheme, called Flexit, went live this month and replaces a previously limited range of benefits.
The plan has been split into three categories: lifestyle perks, including the opportunity to buy and sell holiday; health perks, including dental cover and health screening; and security benefits, such as life assurance and critical illness. Pearl has also added a voluntary benefits scheme, offering discounts at online and high-street retailers.
To communicate the changes, brochures were sent to employees’ home addresses, and a poster campaign was run before and during the flex election period. Two provider roadshows also took place.
Three-quarters of staff logged on to the Vebnet-provided scheme, and 54% made selections. Among staff that made selections, all benefits had a take-up of at least 5%, with critical illness and childcare vouchers at 19% and dental cover 14%. Flexing annual leave was the most popular perk, with 52% take-up.†
Lynne Weller, group reward manager, said: “By introducing Flexit, we have given staff more control and the opportunity to select benefits that suit their personal circumstances and lifestyle.”
Click here for more news and features on flexible benefits