The challenge

A global beverage company had given its workforce the same voluntary benefits for several years. The result? Low employee engagement. Outdated benefits. Higher-than-necessary costs. With limited data and support from the benefits provider, improving the program was difficult. The company wanted to better meet the needs of its workforce, while driving employee loyalty and boosting well-being.

Our approach

Lockton consultants reviewed the voluntary benefits package, looking at cost and suitability. We were able to offer alternatives to all the voluntary benefits, at better cost through our range of pre-negotiated options from a carefully selected panel of providers. We worked closely with the flexible benefits platform administrator to improve reporting to HR teams and ensure the integration of the new vendors. We also worked with our client’s internal communications team to design an engagement program that caught the eyes and captured the hearts of employees.

The impact

• A modern, inclusive benefits package.

• Up to 20% cost savings with fixed pricing for two years.

• Easier access to health assessments.

• Smoother claims process through a mobile app.

• Improved reporting to track engagement.