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Employee Benefits at Kent

Employee Benefits at Kent. Jane Vivier Reward Advisor. Employee Benefits at KCC. Our starting position Our Strategy Methodology and Implementation Who we work with and why The results The future. Where we were. September 2005 Local list of 30 suppliers and 25 gyms / health clubs

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Employee Benefits at Kent

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  1. Employee Benefits at Kent Jane VivierReward Advisor

  2. Employee Benefits at KCC • Our starting position • Our Strategy • Methodology and Implementation • Who we work with and why • The results • The future

  3. Where we were September 2005 • Local list of 30 suppliers and 25 gyms / health clubs • Childcare vouchers scheme – approx 70 employees • Staff Club offering around 12 trips per year • Benefits to corporate employees only • No individual responsible for the co-ordination of benefits • No real benefits strategy • Very little benefits communication

  4. Our Strategy • Based on our Strategy for Staff • Reward for our 4 star status • Inclusivity • Exclusivity • Proactive but Reactive

  5. Methodology Key Drivers • Adding value • Return on Investment • Internal and External competitiveness • Risk management • Creating a brand • Rewarding each and every employee

  6. Methodology Barriers to Success • Money • Resources • Employee Perception • Geography • Public perception • Differing T&C’s of employment

  7. Implementation timeline • December 2005 – Home Computing Initiative • June 2006 – Cycle2Work • September 2006 – Benefits offered to Kent schools • September 2006 – Mobile Salary Saver • February 2007 – Affinity benefits with HBOS • September 2007 – Benefits offered to Kent LEA schools • October 2007 – KentRewards with Asperity • February 2008 – Online booking for StaffClub • March 2008 – Financial Education Programme

  8. Who we work with (and why !) Supplier qualities • Market knowledge • Ability to service our workforce requirements • 1st class customer service • Willingness to try new ideas • Adaptability • Shared business goals • Value

  9. Our Partners Childcare Vouchers - Allsave • Scheme now in its 5th year • Supplier change – October 2007 • ‘Childcare Voucher Provider of the Year’ • Outstanding service for our employees and their child care providers. • Ability to provide differing schemes to suit workforce • Value for money • Marketing adaptability

  10. Allsave Childcare Vouchers

  11. Our Partners Mobile Salary Saver – Flexphone • Quality marketing • ‘Safe’ product • Good administration • Offers real value to employees • Responsive account management

  12. Flexphone

  13. Our Partners Cycle2Work – Halfords • Trusted high street brand • Industry leaders • Well suited to our demographic • Dedicated account management • Largest UK product range • Efficient, accurate administration

  14. Halfords

  15. Our Platform Provider KentRewards – Asperity • Unique products • Value for money • In keeping with total reward ethos • Innovation • Bespoke solution • 1st class marketing ability • ‘Something for everyone’ • Branding

  16. Asperity

  17. The Results

  18. Fully branded scheme

  19. Relevant Offers

  20. Bespoke Systems / Pages

  21. Platform for Salary Sacrifice

  22. Integrated Local Offers

  23. Management Information

  24. Unique OfferingsHigh Street Cashback – no internet access required Employees register their debit / credit cards with KentRewards Then – they will earn 8% Cashback on everything they buy with those cards in-store at selected retailers. Cashback can be withdrawn via the usual methods Cashback is on top of sale prices and other in-store discounts 8%High StreetCashback On High Street Shoppinguse any existingcredit or debit card Fully secure and approved by the Payment Industry Association

  25. The Results Childcare Vouchers • A 45% increase in take up in the first month. • An ongoing 10-15% increase month on month Mobile Salary Saver • 50% increase in take up • 70% increase in take up in schools Cycle2Work • 20% increase year on year • 50% increase in schools

  26. The Results • A full and valued employee benefits package • Employee Benefits are cost neutral • Benefits can be offered to all KCC employees on an equal footing • Savings of an estimated £300,000+ in the past year on recruitment costs. • In 2008 revenue from employee benefits will fund new benefits projects.

  27. The Results – Revenue and Savings • National Insurance Savings 07/08 of £80,000 • Projected NI savings 08/09 of £95,000+ • Employees have spent £250k on KentRewards in the past 4 months. • Employees have earnt £10k on KentRewards in the past 4 months. • Kent Employees have saved £300,000 using childcare vouchers in the past 12 months • Kent Employees have saved £40,000 using cycle2work and have made in excess of 25,000 less car journeys • Kent Employees have saved at least £50,000 on their mobile phone bills in the past 12 months.

  28. The Future • Tax Efficient (salary sacrifice) Green transport programme • Interactive Total Reward statements and education tool • Financial advice programme • A fully managed benefits service offered to other authorities and companies

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