ppma annual seminar 2015 - cost effective employee benefits
TRANSCRIPT
![Page 1: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/1.jpg)
Nottingham City Council
Employee benefits success story
![Page 2: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/2.jpg)
Introductions
Lynn’s picture here?
James Malia Managing Director
Lynn Griffin-Pearce Resourcing and Reward Consultant
![Page 3: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/3.jpg)
Background
Nottingham Nottingham City Council
• Cosmopolitan city with a population of 310,000
• Two universities, world class sports facilities and a thriving retail centre
• Excellent public transport system, good motorway links and nearby major airports
• One of the largest employers in Nottingham
• 7,000 employees • 54% of employees are city residents • Diverse workforce
• 65% aged 40+ • 68% female • 17% from BME background
![Page 4: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/4.jpg)
Background • Part of Sodexo Group
• Clients ranging from 150 to 150,000 employees
• Specialist voluntary benefits provider
• Own integrated product range
• Single platform solution
• Dedicated account management approach
![Page 5: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/5.jpg)
Partnership philosophy
Working in partnership since 2005
Cost neutral solution / overall net savings
Continuous reinvestment in scheme growth
Innovation and new product development
![Page 6: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/6.jpg)
Award winning employee benefits
June 2014 ‘Best Voluntary Benefits Scheme’ Employee Benefits Awards 2014
March 2014 ‘Best Salary Sacrifice Scheme’ (holidayplus and MYtime) Pay & Benefits Awards 2014
March 2015 Shortlisted for
‘Benefits Team of the Year’ Employee Benefits Awards 2015
![Page 7: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/7.jpg)
Challenging economic climate
“Public service cuts
deepen as councils near
financial tipping point”
The Guardian, May 2014
“Real austerity means
public sector cuts”
Telegraph, Nov 2014
“Public sector cuts
worsen low pay trap”
Financial Times, Oct 2014
• Financial constraints
• Central funding cuts
• Limited pay rises
• No budget for rewards and benefits
• Essential to embrace the challenge
• Unique attributes of salary sacrifice
• Opportunity for cost neutral benefits
• Creative options explored
![Page 8: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/8.jpg)
NCC aspirations
• Attract, recruit, develop and retain talent
• Improve engagement & wellbeing
• Be an employer of choice in Nottingham
• Generate corporate savings
• Support the Council’s environmental, sustainability and social responsibility commitments
![Page 9: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/9.jpg)
Solution New for 2015:
![Page 10: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/10.jpg)
Initiatives
Total Reward Brochure
Managers’ Toolkit
GEM (Going the Extra Mile)
Scheme
Links to Wellbeing and Working Well Programme
![Page 11: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/11.jpg)
Engagement techniques
Roadshows
Works Perks Champions Group
Product specific materials (flyers, posters, emails)
‘Impact’ newsletter
![Page 12: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/12.jpg)
Scheme savings
• Over £730,000 in savings in 2014
• Over £2 million saved in last 3 years
• MYtime & holidayplus schemes alone have generated over £1.7 million savings
Council savings
Costs for Works Perks benefits are more than covered by salary sacrifice
savings, with a proportion of these savings reinvested into scheme growth
• Over £300k pa tax & NI savings from salary sacrifice schemes
• Annual savings of around £45k on discount scheme
Employee savings
![Page 13: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/13.jpg)
Further developments in 2015
• Continual reinvestment in scheme growth
• Increase employee engagement
• Generate Council savings
![Page 14: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/14.jpg)
The future
• Further ambitious plans for scheme evolution in partnership with key providers, including:
• Financial education
• Employee engagement app
• Consumer analytics
![Page 15: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/15.jpg)
Q & A
![Page 16: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/16.jpg)
![Page 17: PPMA Annual Seminar 2015 - Cost Effective Employee Benefits](https://reader031.vdocuments.mx/reader031/viewer/2022032217/55a812f71a28abff738b4893/html5/thumbnails/17.jpg)
Solution New for 2015: