Sage launches flexible benefits
Sage has launched a new online flexible benefits package to its UK employees. The scheme, called Sage Select, includes core benefits such as pension and holiday, plus additional benefits employees can choose to fit in with their lifestyle. Pension salary sacrifice was introduced to generate savings on national insurance contributions, with a 98% take up. These savings were used to provide a healthcare cash plan to all employees.
Sage is a FTSE 100 company and supplier of business management software and services to 5.8 million customers worldwide. It chose to work with Thomsons Online Benefits to implement and support the flexible benefits package.
Using Thomsons’ technology, Sage employees can now view their personalised total reward statements and make benefit selections online. They are also offered a wide range of employee discounts and online pay slips to "reduce paper and energy and to keep people visiting the site regularly".
A final word
“Offering flexible benefits enables our people to mould their package to their lifestyle. Since we are such a diverse and growing business, we also wanted to make the most of benefit efficiencies through salary sacrifice and improved administration. In addition, as a technology business we wanted to use partners whose technology and regulated advice was market leading. We had login rates of 98%, which we were very pleased with, and is testament to the way we communicated Select. We are looking forward to continuing to develop Sage Select in the future.” - Leisa Docherty, Head of HR and Reward, Sage.
Want to know more?
Thomsons Online Benefits says: “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.” For more details visit www.thomsons.com.