Tag Archives: flexible benefits

Edenred joins with Partech International to promote innovation

In line with its Invent 2016 strategy to prepare its expansion into new territories, Edenred recently announced a partnership with venture capital firm Partech International.

The Group is investing €15 million in the Partech International VI fund, which is raising an initial €100 million. The fund will invest in young, fast-growing companies involved in the digital economy and offering new web-based, e-commerce and e-marketing services as well as new payment media solutions.

The investment will enable Edenred to explore new opportunities in adjacent sectors. Edenred will also be able to track emerging developments, with the goal of anticipating changes that impact its shareholders: client companies, employees and affiliates.

Through its support for high potential companies, Edenred – in keeping with its pioneering spirit – has made innovation a priority driver of future growth.

Edenred UK

Edenred in the UK
Edenred helps organisations engage and motivate people for enhanced performance through the provision of flexible benefits, incentive and motivation solutions, expense management and communication services. It has 260 employees, 18,000 private and public sector clients, 1,000,000 users and 75,000 affiliates throughout the UK.

Via EPR Network
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Edenred gets into Christmas spirit with charity activities

Three UK community projects received early Christmas presents thanks to employee benefits and motivation experts Edenred.

As part of the company’s ‘Eden for All’ day, all 243 employees across the three UK offices participated in a series of festive fundraising events to support community-based charities.

The London office donated food and clothing to St Margaret’s, a local drop in centre offering support for older people. Most of the elderly who attend the centre live alone and are on benefits.

The Pimlico-based office also collected toys for the Bayswater project in North London. The Bayswater project supports valuable families with housing issues or who are on a low income. They help and advise families in the local community to ensure their children are well cared for. The toys were then presented to the children as presents at their Christmas party.

Edenred’s office in Chester also held a toy collection in aid of the Cornel Clyd project, which meets the short term care requirements of young people whose needs cannot be met in a family environment.

Andy Philpott, Sales & Marketing Director at Edenred UK, comments:
“The Eden for All day is an established part of the calendar and a great way to support local charities and get involved in the communities near our offices. The day forms part of our year-long programme of CSR activity and is a valuable way to motivate our staff and encourage team working across different departments.”

‘Eden for All’ is an annual event held across Edenred offices worldwide, in 40 countries and is part of a wider programme of events and initiatives that support and encourage bonds with local communities.

Via EPR Network
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Edenred – The Only Employee Benefits Provider In The UK To Achieve Hat Trick Of International Accreditations

Edenred (Employee Benefits) is the first provider of employee benefits products and services to earn three top ISO accreditations. These are the ISO9001, ISO14001 and ISO27001 certifications. It was recently awarded the ISO/IEC 27001:2005, the international best practice framework, and is one of only 477 companies in the UK and 7346 worldwide to achieve this The certificate covers areas including; security policy, risk assessment, communications and operations management, access control, information systems acquisition, development and maintenance, business continuity management and compliance.

Andrew Watson, Information Security Manager at Edenred, commented:

“The security of our client information is critical to our future success and the ISO 27001 certification will play a crucial role in enhancing the trust and confidence in our services, people, processes and technology and deliver value to our customers and business partners.”

Via EPR Network
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UK May Move Further Out Of Line With Most European Countries On Encouraging Workers To Eat At Lunch Time By Removing Tax Relief

The Government may take the UK further out of line with virtually all major European countries by removing tax allowances to employers that can encourage workers to eat a proper lunch.

Employers can currently claim 15p (0.18 Euros) on luncheon vouchers they provide to staff. In Germany employers receive €3.10 per employee per day: the French Government allows € 5.21 Euros; in Italy the allowance is €5.29; in Switzerland€5.80; in Belgium it is €5.91 Euros and in Spain the allowance is a remarkable €9.00 per employee per day.

Country and Euro per day allowance
Austria = 4.40
Belgium = 5.91
Bulgaria = 1.46
Czech Republic = 2.00
France = 5.21
Germany = 3.10
Greece = 6.00
Hungary = 2.60
Italy = 5.29
Luxembourg = 5.60
Poland = 2.37
Portugal = 7.26
Romania = 2.00
Slovakia = 2.70
Spain = 9.00
Switzerland = 5.80
Turkey = 5.39
United Kingdom = 0.18

Following a Budget announcement by the Government in the Spring, there is at present a consultation period before UK tax relief is due to be reduced to zero in the 2012 Finance bill.

This is despite Dame Carol Black, the Government’s national director for health and work, backing a recent YMCA report which criticised Britain’s ‘no lunch break’ culture and found that one in three people skip eating at work.

According to research by Bupa published earlier this year, UK companies are losing close to £50million a day in lost productivity as workers fail to take a lunch break. Bupa Clinical Director of Occupational Health, Dr. Jenny Leeser, also recently said: “In challenging economic times, the UK work force is in overdrive and the lunch break is falling by the wayside. Instead of taking a break to refuel, workers are using props including chocolates and sweets and caffeinated drinks to get them through the day.”

Andrew Adams of leading employee benefits and flexible benefits provider Edenred commented: “It is widely accepted that eating a proper lunch and taking a break are important for staff to be productive at work. Yet the Government is planning to go in the opposite direction to most European countries by removing the minimal level of tax relief it currently grants.

“Surely if the Government is truly committed to encouraging workers to eating properly at lunchtime and to supporting employers trying to maximise productivity in this tough economic climate, it should be increasing rather than removing tax relief on luncheon schemes?

Via EPR Network
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