easyJet has launched voluntary benefits and total reward statements to its UK workforce to meet a growing expectation of benefits among employees in the airline industry.
The scheme, called Your Benefits, which goes live in February, was communicated to 5,000 employees by email and letters sent to their home addresses.
The airline launched the scheme this month with a staff competition designed to drive employees to a benefits website where they must register to access information on perks and make their annual selections. All staff who
register on the site are being entered into a prize draw to win £500-worth of retail vouchers.
Total reward statements, which show details of pay, pensions, crew allowances and management bonuses, are also being made available to EasyJet employees for the first time and can also be accessed online.
Ken Lawrie, head of reward, said: “There is a growing expectation for these types of benefits [among staff] and we are now a big company, recruiting from other big companies, so we wanted to remain competitive.”
Employees purchase benefits annually out of their own salary and staff will, for the first time, be able to join a cycle-to-work scheme or pay for childcare vouchers through salary sacrifice.
EasyJet will help fund the scheme with national insurance savings made from taxefficient benefits provided via salary sacrifice.
Other tax-efficient benefits, such as income protection, life assurance, health screenings and workplace giving, are also being offered. Employees can also access year-round airline industry benefits, such as discounts on car hire and hotels, plus high-street vouchers, through the online benefits system, provided by You at Work.
The options sit alongside existing core benefits, which include a group personal pension scheme. EasyJet contributes between 5% and 7% of members’ salaries, depending on grade, and employees can make contributions through salary sacrifice.
Click here to read the article in full