Source: IRS Employment Review Issue: 921 Date: 08/05/2009 Publisher: IRS

Case study: Flexible benefits boost retention at Subsea 7

TOPICS:
pay and benefits benefits (pay-related and other)
pay-related incentives/awards

SECTORS:
construction
engineering and metals

AUTHOR: Michael Carty


Subsea 7's flexible benefits scheme and its employee share purchase plan have helped boost employee engagement, recruitment and retention.

On this page:
Subsea 7: using flexible benefits to target recruitment and retention
Salary sacrifice: a first step towards flexible benefits
Total reward statements
Designing the flexible benefits scheme
Administering flexible benefits
Communicating flexible benefits
Strong uptake for flexible benefits
Where next for flexible benefits?
Weighing up flexible benefits
Best practice guidance on flexible benefits
Subsea 7's employee share purchase plan
Weighing up the employee share purchase plan
Best practice guidance on employee share purchase plans
Organisation profile: Subsea 7
Table 1: Subsea 7's flexible benefits options and previous benefits offering
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