Labinal Power Systems Partner With Edenred to Deliver New Employee Benefit Scheme

LONDON, August 20, 2014 /PRNewswire/ --

Labinal Power Systems, a Safran group business which is a world leader in aerospace electrical power systems, brought in the experts - Edenred - to help design and launch a brand new flexible benefit scheme for its 570 employees.

The organisation launched its new scheme, Reward Hub, after it was acquired by Safran. As well as a new online portal the team introduced a whole host of new voluntary benefits.

It proved a success within a few months of its launch, in December 2013, with the large majority of employees expressing an interest in additional voluntary benefits and those using the additional discounts making savings of over £3,000.

Jackie Ilesley, Divisional HR Director, Power Division, Labinal Power Systems 

explains: "We had a flexible benefit scheme in place but this needed to change when we were acquired. We knew that if we were to retain talent and continue getting the best from our people, we needed to support them through the acquisition process and continue to offer a competitive flexible reward package.

We needed to design and implement a new scheme within a very aggressive timeline. Edenred understood our requirements from the offset and worked alongside our other benefit providers, driving the project to ensure it was executed on time and met the needs of the business and our employees.

Our online portal, Reward Hub, is very clear, intuitive and easy for employees to use. It is this together with the communication plan that Edenred helped execute that has ensured good take up among employees."  

About Edenred 

Edenred, is the UK leader designing and delivering solutions that improve the efficiency of organisations make employees' lives easier.

Employee Benefits: Childcare Vouchers®, Cycle2Work, Flexible Benefits, Employee Savings, Total Reward Statements, MyWorkOffers®

Expense Management:, Eyecare Vouchers®, Clean Way® Vouchers : Luncheon Vouchers®, Premium Card

Incentives, Rewards & Motivation:, Compliments® Card, Compliments® Voucher Compliments® Experiences, Incentive Award Card, , Compliments Select Single Store Vouchers & Cards, Travel Clubs, Webcentiv®

Communications Services: A comprehensive range of solutions to help organisations engage and motivate their staff

The Group also supports public institutions in managing their social programs.

Listed on the NYSE Euronext Paris stock exchange, Edenred operates in 42 countries, with some 6,000 employees, nearly 580,000 companies and public sector clients , 1.3 million affiliated merchants and 36.2 million beneficiaries. In 2012, total issue volume amounted to €16.7 billion, of which over 50% was generated in emerging markets.

All tradenames of Edenred products and services are registered trademarks of Edenred SA.

SOURCE Edenred