On
the 27th of November Personal Group
continued the series of seminars that
have proved so popular with HR and Benefit
professionals. Delegates from a wide
variety of companies including British
Gypsum, Home Retail Group, Coventry
Building Society, WH Smith and ATS Euromaster
to name but a few.
The main focus of the seminar was to
provide information on new salary sacrifice
benefits, and again showcase the new
Voluntary Group Income Protection Plan
in partnership with Unum. Personal Group
also demonstrated their upgraded next
generation benefits software, PERFLEX,
and alongside our strategic partner
Strait Logics demonstrated why Total
Reward Statements are a fantastic tool
to use in both hiring and keeping talent
in your organisation.
Prior to the round table discussion
delegates heard an excellent case study
from Rob Tansey the Group HR Director
of chilled food company, Dairy Crest.
Ken Rooney CEO of Personal Group explained
how three traditional voluntary benefits
can now be paid for through salary sacrifice.
The three plans
are The Personal Group Hospital Plan, Annual
Travel Insurance and Dental Cover.
•
Plans set up as
Group Policies in Employer's Name
•
To take advantage of Employees
National Insurance Contribution (NIC) savings
•
All Policies provided by Companies
within Personal Group - one point of contact
•
Voluntary Participation by
Employees
•
Allows Employees to save up
to 11% NICs plus 5% Group discount = 16%
Flexphone
Elaine Maguire from Flexfone explained
to the delegates how they can provide mobile
phones to employees through salary sacrifice.
Key messages
•
Flexphone is owned by Vodafone
•
There are 69 million mobile
phone users in a population of 60 million
meaning that virtually everyone in your organisation
has a requirement for a mobile phone
•
Wide range
of tariffs and choice of handsets
•
12.8% NI saving for the employer
Perflex
the next generation
•
Simplified usage
making it easy for all staff to use
•
Traffic light system for employees
highlighting their taxable, tax free and voluntary
benefits
•
Easy to view total rewards
statements
•
To do list ensuring flex choices
are submitted with the correct documentation
and
application forms
•
Shopping basket feature showing
choices and amounts
Dairy
Crest
Rob Tansey of Dairy Crest gave some background on
Dairy Crest as a business and introduced delegates
to their new vision and values which were:
Listen, Respect, Care, Create
and Lead,
Rob explained that although the take up on voluntary
benefits was not particularly high the most important
thing was the positive message Dairy Crest gave
to their staff.
Their plans for the future on benefits are:
•
Flexible benefits?
•
Sickness management
•
Variable pay / performance
pay
•
Critical illness cover
•
Recognition schemes
•
External stakeholders e.g.
Share Incentive Plan
Rob's
full presentation slides are available on request
from
