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news Share schemes

EXCLUSIVE: Personal Group awards shares to 250 employees

By Louron Pratt 17th December 2020 10:50 am 17th December 2020 11:05 am
EXCLUSIVE: Personal Group awards shares to 250 employees

EXCLUSIVE: Employee benefits provider Personal Group has awarded its 250 employees free shares worth £500 under its new share incentive plan (sip).

The share reward is to recognise employees for their hard work during the Covid-19 (Coronavirus) pandemic. Effective from 1 December 2020, employees who have joined the organisation before June 2020 will have their shares held in trust in accordance with its share scheme plan.

The new share plan, introduced in December, will allocate £500 to each eligible individual and be held in trust by Personal Group trustees. This is the first time shares have been offered beyond the senior management team.

Deborah Frost, chief executive at Personal Group, said: “This is in recognition of the hard work the team have put in throughout a year that has been challenging for everyone. Personal Group has given its people a real stake in the organisations’ success, both now and in the future.

“Personal Group is investing in employees to help deliver its mission to protect the unprotected and connect the unconnected. In such a tumultuous year, I am proud to recognise our employees’ fantastic contribution and enable them to share in the future success we are building together.”

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Case studies Flexible benefits Healthcare and wellbeing

Fladgate introduces walk-to-work scheme to improve employee wellbeing

By Louron Pratt 15th October 2020 6:00 am 14th October 2020 2:43 pm
Fladgate introduces walk to work scheme to improve physical health

Law firm Fladgate has introduced a walk-to-work scheme to support the wellbeing and physical health of its 278 employees during the Covid-19 (Coronavirus) pandemic.

With many employees apprehensive about their return to the office due to being in close proximity with people on public transport during the pandemic, in June 2020 the organisation launched a new scheme through the Yulife app, which rewards employees for using alternative transport to work over conventional methods.

Fladgate first implemented the app for employees in June 2019 to promote wellbeing and a healthy lifestyle. This complemented its wellbeing strategy introduced in 2017, which commits to support the physical, mental, and financial health, and social wellbeing of employees all year round. This includes one-to-one counselling sessions, and yoga and meditation classes.

Clare Jones, head of HR at Fladgate, says: “Recognising how motivational everyone found these initiatives, in 2019 we sought to take our wellbeing programme to the next stage: offer something ‘different’.”

Employees that chose the walk-to-work option received Yulife coins that they were able to spend on Amazon or Asos vouchers; 47% of employees took up this challenge.

“We saw the benefits of the initiative and we believe that this may have a long lasting impact on the workforce,” said Jones. “The scheme set out to drive engagement and physical activity, and through looking at our statistics, the challenge has done just that.”

The walk-to-work scheme resulted in employees collectively walking 314,569,924 steps between June and August 2020, and earning over 4,659,812 Yucoin points in total.

To further encourage employees to adopt a new way of commuting to work, Fladgate used a leaderboard feature to see how many employees took up the walk-to-work challenge. It is continuing to track employees’ steps and physical activity, updating staff on a three-monthly basis, despite returning to a remote-working policy for the foreseeable future in September 2020.

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Latest ArticlesComments
news Pensions

EXCLUSIVE: 33% of organisations offer cash to staff who reach lifetime or annual limits

18th December 2020 11:00 am 18th December 2020 11:06 am
news Pay strategy

Telegraph Media Group reports 20.5% mean gender and 20.7% ethnicity pay gaps

18th December 2020 10:30 am 18th December 2020 10:01 am
news Pensions

Maersk completes £1.1 billion bulk annuity buy-in transaction

18th December 2020 10:15 am 18th December 2020 10:01 am
news Total reward

The top 10 most-read articles between 10-16 December 2020

18th December 2020 6:00 am 17th December 2020 1:18 pm
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