BNP Paribas opens flex windows during related events

Bank BNP Paribas opens new flexible benefits windows when it runs related events.

BNP Paribas

Such events have included corporate social responsibility fairs and health and wellbeing fairs, which enable the organisation to communicate the flexible benefits on offer and open windows to help increase engagement and take-up.

Its scheme, provided by Vebnet, allows staff to make changes to childcare vouchers, bikes for work, retail vouchers and pension contributions.

It also lets employees add dependants to their critical insurance cover if they get married.

Tom Hiles, group benefits manager at BNP Paribas, says: “We have got a high take-up per benefit because we flag up the open window during certain events, which helps boost engagement.”

For example, bikes for work used to be offered outside flex, but now BNP Paribas offers the benefit quarterly to coincide with the summer. It also opened an enrolment window during its health and wellbeing fair. 

Hiles adds: “We tend to do that regularly. If there is an event on, we will always open a benefit window. We have spent a lot of time and effort on making sure the process of more than one window works for our employees .”