EDINBURGH, Scotland, March 25, 2011 /PRNewswire/ -- Vebnet and Standard Life announce the launch of their Box of Benefits (BOB). BOB is an off-the-shelf employee benefits solution designed specifically for UK-based SME companies.
This new proposition has been built using technology from Vebnet, a market-leading provider of technology and services for reward and benefit strategies, and is based on insight from employers looking for a packaged solution.
The business of selecting and managing benefits can take a lot of time, administration and money, however BOB makes it easier for employers to offer their employees great staff benefits packages including a pension, because it is simple to manage and affordable. This is achieved through a single online portal that helps with employee benefits management, the administration of the benefits and reporting requirements.
BOB can be personalised for every company and implemented quickly. Employees receive access to BOB's user-friendly online technology, with the option to choose from a range of employee benefits, including childcare vouchers, money off bicycles, dental insurance, private medical insurance, pension and travel insurance.
Gerry O'Neill, managing director of corporate solutions, said: "Most employers now realise the value of a good benefits package. But for some there is still the concern that it is going to be too costly, or that the administration will take up too much time. Box of Benefits can solve these problems through a boxed up solution that makes flex cost-effective."
Vebnet have been specialising in creating global employee benefits solutions for over 10 years. It is part of the Standard Life Group, one of the leading savings and investment providers.
It has over 200 dedicated flexible employee benefit and technology industry experts with expertise in designing, implementing, managing and advising on reward programmes.
Its creative ideas are supported by its market-leading in-house technology. This integrated reward portal brings together all elements of employee total reward and employee benefit schemes to engage employees and optimise the employee benefits strategy.
It supports over 200 organisations, covering in excess of 400,000 employees, who represent some of the world's most progressive employers such as PepsiCo, Airbus, National Grid and JP Morgan. Its solutions have been implemented across Europe, Asia, North and Latin America in languages such as Chinese, Thai, and Spanish.
Public Relations Manager
Standard Life plc
19a Canning Street
44 (0)131 245 1365
SOURCE Standard Life plc