Employee Benefits Awards 2012: Most effective strategy to encourage workplace savings

BT’s workplace savings strategy aims to ensure employees make informed decisions about their future.The company provides its workforce with a number of savings options, including two share save schemes and a share incentive plan. It also provides a defined benefit pension for employees. Along with the share schemes,

this enables employees to maximize their workplace savings in preparation for retirement.

BT goes to great lengths to communicate and educate staff about its workplace savings offering and other financial matters. Employees are invited to attend seminars, held all over the UK, addressing a range of topics, including: creating financial independence (encouraging employees to look at their finances and align them with future life plans); BT’s workplace savings provision; making the right investment choices; and effective tax planning.

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