Our client is an international company with around 500 employees. On appointing us they already had employee benefits in place but these were not aligned across the company and in some cases did not provide adequate cover to their employees. They needed to be refreshed.
In a sector where competition for staff is keen, they wanted a modern, enhanced benefits package that would help them to attract and retain talented staff, globally. They also wanted to maximise their benefits offering without increasing their annual spend.
We met with members of their HR and Finance teams and discussed what they wanted to achieve and how we could help. We agreed to:
We proposed to deliver all of the above at no additional annual cost to our client.
Our re-design, market review and provider negotiations achieved on-going benefits cost savings of more than £97,000 on the client’s previous annual spend.
By introducing Lightbox Flex, our client immediately saved around one month of HR hours per annum as it allowed them to replace paper based Total Reward Statements with real time online versions. Going forward HR’s time spent dealing with employee benefit administration will continue to reduce.
Our client now has