UK - Over 30 businesses now signed with 4th Contact's online employee benefits software.
Delphis Consulting, a Morse company, is the latest to go live by using the Working Wealth software to manage benefits as well as communicate with employees more efficiently.
Delphis is an IT service provider delivering a range of professional services from helpdesk support to project management and enterprise solutions. Its customer base includes many leading financial institutions. Delphis employs 250 full-time staff.
Most Delphis employees are consultant engineers, managing client’s projects on-site. “Because of this,” said Jane Taylor, head of HR at Delphis, “there is a danger that they can feel isolated from the rest of the company. 4th Contact’s front end, Benefits Informer, is an intuitive and dynamic way for employees to see their Total Reward Statement, resulting in them feeling more a part of the company’s team.”
Informer allows employees to equate their benefits to real numbers online, and go straight to supporting information should they wish to. It is hoped that the system’s information will also help attrition rates. In the company’s exit interviews, employees are asked whether they account for their full package when looking for a new job, and Taylor does not believe they do.
The new system replaces several different systems which HR had been using, and means the HR team no longer needs to input the same data into different systems. Employees change their own personal details, discover further information and ask questions directly to the IFA, Caversham Buchanan, which also links to the system online.
“Delphis is now considering phase two of the implementation, which may include flexible benefits,” said Paul Watson, MD of 4th Contact.
“The current trend is for companies to start with 4th Contact’s employee benefits software to manage and communicate, and then move onto flexible benefits, letting employees make their own lifestyle choices.”
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.