Lloyds TSB launches new flex plan

FLEXIBLE BENEFITS

Lloyds TSB launches new flex plan

The 72,000-strong workforce at Lloyds TSB can now opt to buy or sell up to five days' annual leave, trade in their private health insurance for cash and buy extra provision from a long menu of benefits, according to a case study published by IRS.

The five-page case study looks at:

• the research undertaken into employees' perceptions of benefits at Lloyds TSB
• what's on the new flex menu
• the communications programme
• the registration process
• Lloyds TSB's new share incentive plan.

Want to know more?

Title: "Lloyds TSB develops a taste for flexibility", IRS Employment Trends 768/Pay and Benefits, 24 January 2003.

Availability: Contact the subscriptions department at Industrial Relations Services in London, tel: 020 7354 5858 or visit www.irsemploymentreview.com

Posted 17 March 2003