Newcastle Building Society is upping its flexible benefits programme for its 1,750-strong workforce through a new partnership with UK fintech Zest.
Founded in 2004, Zest offers a platform where employers can manage and track the company perks they extend to employees.
The fintech asserts that its solution will provide Newcastle Building Society’s employees with access to all benefits in a single location, allowing workers to choose rewards tailored to their individual needs.
In turn, this will enhance “value for money” and strengthen the competitiveness of its talent acquisition efforts, claims the fintech.
Furthermore, the building society aims for the deal to prompt its colleagues to review their benefits more frequently and to assist them in actively reviewing their pension contributions.
According to the companies, since the deployment of Zest, over 11% of the Newcastle Building Society workforce have boosted their pension contributions.
Ben Thomas, head of reward at Newcastle Building Society, asserts that the new platform has made it “simple for colleagues to make changes and take control of their benefits”.
He adds that the features of the Zest solution, including its ‘single sign-on’ functionality directly into the platform and its ability to integrate with other services, have significantly improved the accessibility of essential information for employees.
Source: fintechfutures.com
