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Ppma annual seminar nottingham cc

Ppma annual seminar nottingham cc

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Ppma annual seminar nottingham cc

  1. 1. Nottingham City Council Employee benefits success story
  2. 2. Introductions Lynn’s picture here? James Malia Managing Director Lynn Griffin-Pearce Resourcing and Reward Consultant
  3. 3. 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
  4. 4. 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
  5. 5. Partnership philosophy Working in partnership since 2005 Cost neutral solution / overall net savings Continuous reinvestment in scheme growth Innovation and new product development
  6. 6. 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
  7. 7. 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
  8. 8. 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
  9. 9. Solution New for 2015:
  10. 10. Initiatives Total Reward Brochure Managers’ Toolkit GEM (Going the Extra Mile) Scheme Links to Wellbeing and Working Well Programme
  11. 11. Engagement techniques Roadshows Works Perks Champions Group Product specific materials (flyers, posters, emails) ‘Impact’ newsletter
  12. 12. 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
  13. 13. Further developments in 2015 • Continual reinvestment in scheme growth • Increase employee engagement • Generate Council savings
  14. 14. The future • Further ambitious plans for scheme evolution in partnership with key providers, including: • Financial education • Employee engagement app • Consumer analytics
  15. 15. Q & A
  16. 16. Solution New for 2015: