FLEXIBLE BENEFITS
IPD launches flexible benefits
IPD, a provider of real estate performance analysis, has launched a new flexible benefits scheme for its 200 employees.
The company wanted to streamline its HR processes by moving from paper-based total reward statements to online flexible benefits. Thomsons Online Benefits created a bespoke solution for IPD, incorporating benefit broking, technology and a communications strategy.
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The new scheme, dubbed “IPD World of Benefits”, enables employees complete online access to their flexible benefits. They can join the pension scheme using a pension modeller tool, manage their contribution levels, exercise salary sacrifice and choose optional benefits like childcare vouchers and buying or selling holidays.
Communications
The scheme was communicated to employees using online and offline media, including brochures and email shots. Advisers from Thomsons conducted group presentations and one-to-one sessions to guide employees through the online system, including the pension modeller tool to help them plan effectively for their futures.
Future changes
IPD’s World of Benefits is "constantly evolving", the company says, with an online holiday planner being introduced in January to allow managers to monitor their team’s holiday more effectively.
A final word
“We have a very distinct, innovative culture at IPD and we wanted our employees to really understand, and benefit from the range of benefits offered to them, while at the same time ensuring that they are tailored to meet our employees lifestyles. We needed a solution that would attract the best talent and truly engage our employees in the idea of total reward. We needed to move away from a paper-based scheme to a robust online system that would reduce our administration burden and make selections easy for employees to encourage take up.” - Kelly Smith, finance director at IPD.
Want to know more?
IPD offers a full range of services including research, reporting, benchmarking, conferences and indices across 20 countries including most of Europe, the US, Canada, Australia, New Zealand and Japan. To find out more visit www.ipd.com.
According to Thomsons Online Benefits: “Since our inception, our vision has been to transform employees' appreciation and understanding of their reward package and to remove the administration and communication headaches organisations suffer as a result of running them.” Further information can be found at www.thomsons.com.