BT to offer its employees an unbeatable reward and benefits experience06.10.16
We are delighted to announce that BT has joined the global Benefex family in a move that ensures their continuing commitment to investing in their employees, including a focus on health and financial wellbeing solutions.
BT employees will have access to Benefex’s market leading platform, the RewardHub, which will bring all elements of BT’s reward and benefits offering into one place and will also allow BT employees to take advantage of flexible benefits and online reward statements.
On top of providing the benefits portal, Benefex will also be supporting BT with communicating the new scheme, broking new benefits, managing the benefit providers on BT’s behalf and supporting the BT reward team by managing all employee questions through a dedicated employee support centre.
Since their acquisition of EE at the beginning of the year, BT has been using three separate benefits systems. The challenge was to incorporate all employees and businesses into a harmonised flexible benefits scheme, from one provider, on one engaging platform. Consequently, BT has worked through a long and stringent process in order to ensure they reach a single provider consistent with these expectations. Having conducted a whole market review, and significant due diligence, we are thrilled that BT has found Benefex to be the best provider for them across all territories.
Benefex will be delivering a scheme with benefits available initially to 75,000 BT employees in the UK and US, as phase one in creating a global benefits platform for BT.
Matt Macri-Waller, Benefex Founder & CEO, in announcing the international partnership said:
“The experience we already have with some of the world’s most recognised brands puts us at the forefront of global benefits technology. Having already delivered solutions in more than 25 countries, we are well-equipped to help BT navigate the challenges of implementing a global benefits strategy. A worldwide employee base brings with it a unique set of challenges; namely engaging a workforce which transcends borders and cultures. In providing a single, centralised database for the administration of benefits, communications and reporting, we will be able to bring consistency and simplicity to the process of global benefits engagement and administration at BT.”
In addition, Paul Wilkinson, Head of Reward and Benefits Policy at BT, explains why BT chose Benefex as their provider:
“We’re pleased to be partnering with Benefex to bring a fresh approach to the benefits we offer to all of our UK employees. We want to attract and retain the best people and we believe that offering attractive flexible benefits to our employees is key to this.”
We are delighted to be joining forces with BT to deliver an incredible reward and benefits platform to their employees!
BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services.BT consists of six customer-facing lines of business: Consumer, EE, Business and Public Sector, Global Services, Wholesale and Ventures, and Openreach.
For the year ending 31 March 2016, BT Group’s reported revenue was £19,042m with reported profit before taxation of £3,029m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.