Benefex works with Barclays to launch revamped employee benefits offering for LSL Property Services
As part of its broader strategic consulting services, Barclays Corporate & Employer Solutions (C&ES) recently provided LSL Property Services plc (LSL) with a solution to help engage, retain and attract key talent. The online flexible benefits package, which has been branded internally ‘ChoiceMatters’, uses Benefex’s very own RewardHub software.
The scheme includes tax-efficient benefits such as childcare vouchers, bicycles, mobile phones, dental insurance, health assessments and travel insurance which were offered through salary sacrifice arrangements.
LSL is a leading provider of residential property services with over 5,000 employees across 19 different group companies including well-known brands such as Your Move, Reeds Rains and e.surv Chartered Surveyors. LSL identified a need to overhaul its benefits package to ensure it was meeting the requirements of both its existing and future staff. Internal focus groups and surveys revealed that nearly two-thirds (64%) of staff wanted greater flexibility in their choice of benefits. A team of benefit consultants at Barclays C&ES worked with LSL to deliver a tailor-made solution that would meet the needs of its growing workforce.
Gareth Whalley, Head of Group HR Services at LSL Property Services said: “With the business growing and going from strength to strength, it is vitally important that we have the right support and benefits package in place, not only to attract new talent in an increasingly competitive market, but also to engage and motivate our existing workforce.”