Buck Consultants at Xerox has launched a one-stop benefits portal.
The portal, called Compass, aims to bring everything employers offer their staff together on one platform - presenting employees with a complete overview of all of their financial and non-financial benefits in one place.
The portal also includes a number of modelling and monitoring tools to enable people to plan effectively for their future, as well as the freedom to make selections and put decisions into action.
Employers can opt to add a number of features and functions as part of the system, including:
- Pension and savings - including learning tools, retirement income modellers, and pensions plan administration
- Health, risk and wellness - bringing together tools and information on mental, physical and financial wellbeing
- Flexible benefits - offering Buck Consultants at Xerox's Darwin system, so that individuals can select and administer their own benefits
- Share plans - utilising Xerox's Shareplan platform to manage and monitor employee share ownership and value
- Total reward - showing the full worth of the reward package, with a complete overview of an employee's pay and benefits
Buck Consultants at Xerox head of corporate solutions John Deacon (pictured) said: "People today are used to organising almost every aspect of their lives online. They search information, shop on their mobiles, interact on social media; all at a time that suits them.
"Compass enables employees to plan and track everything to do with their benefits and rewards wherever they are; at work, on the move, or at home. They can view, assess and manage the mix of their package based on their career and stage in life".
Deacon added: "We believe that employee benefits should be adaptable, accessible, engaging, and tailored to the needs of both employer and employee, especially as the boundaries between life and work become more blurred."
Buck Consultants at Xerox's launch comes just days after Foster Denovo launched its benefits platform and Helm Godfrey revamped the charging structure on its platform - increasing competition in the online benefits technology market for SMEs.
The technology to improve employees’ wellbeing is already here. But it is now in employers’ hands to make sure it is used to create successful corporate wellness programmes
Here they are - the winners of the Workplace Savings and Benefits Awards 2020...
Here they are. The finalist lists for the WSB Awards 2020.
Almost all (92%) employers would consider setting up a workplace savings scheme in addition to a pension in light of recent market turmoil caused by Covid-19, Cushon finds.
There are just a few weeks left to enter this year's Workplace Savings and Benefits Awards.