16th November 2010, London: Hitachi Consulting, the global business and IT consulting company, has appointed JLT Benefit Solutions Ltd (JLT) to manage its employee benefits on the BenPal platform.
Charlie Carrick, Solutions Director, JLT, says, "Hitachi Consulting had a number of challenges facing them in terms of their employee benefits strategy. Following Hitachi Consulting's acquisition of Edenbrook they needed to merge two pension plans into one new plan with Aviva. This was a great opportunity to harmonise benefits but to also increase take up by showing employees how valuable the benefits were that were on offer to them".
The BenPal platform and approach using a variety of channels to communicate and engage with employees - presentations, online media engagement, from emails to SMS as well as the overall attractiveness of the site helped to increase take up.
Anthea Carter-Savigear, HR Director, Hitachi Consulting, says "This has been a great opportunity to run all our employee benefits through one platform, BenPal, our Flex scheme, pensions and related communication is now part of BenPal. Take up of the voluntary and flex benefits, including new style benefits such as identity theft cover has been high, with positive feedback from our employees. This is not only great for employees, as they can manage all their benefits in one place, on a clear and understandable platform, but also for Hitachi Consulting as we now have insightful management information ".
Charlie Carrick continues, "It's been great working with Hitachi Consulting, both the company and the employees have embraced the BenPal platform. Most importantly more employees are now using the scheme and benefits".
Group Corporate Communications
+44 (0)20 7558 3387
JLT Benefit Solutions Ltd
Tel: 01727 775 102
BenPal is a new benefits management system, developed by JLT Benefit Solutions Ltd. It is a powerful, easy-to-use system that enables any company to develop an integrated online strategy for employee benefits. Offering both online and mobile access BenPal can be used to manage pension plans and their investments as well as other employee benefits. Whilst offering employees an easy way to access up to date benefit information and make changes, as well as a pension modeller, for Company HR and Finance teams there is an area to manage employee and benefits data, see real-time MI, store scheme documents and process deductions through the Payroll Centre. Launched in 2009, BenPal is already used by many leading companies.
About JLT Benefit Solutions Limited
JLT Benefit Solutions Limited (JLT) is one of the UK's leading employee benefit providers offering a wide range of benefit and pension services, including administration, actuarial and pension consultancy, investment, wealth management, Self Invested Personal Pensions (SIPPs), Small Self Administered Schemes (SSASs) flexible benefits, healthcare, benefit communication and financial education.
Authorised and regulated by the Financial Services Authority, JLT employs over 1200 professionals in the UK with revenues of some £90.5m in 2009. The recent acquisitions of HSBC Actuarial and Consultants Limited and iimia Wealth Management have supported JLT's continued expansion to become one of the four largest employee benefits consultancies in the UK. This year JLT was awarded Pension Scheme Administrator of the Year at the 2010 European Pensions Awards
Other pensions and employee benefits companies within the JLT group of companies include: Profund Solutions Limited, Independent Trustee Services Limited and Pension Capital Strategies Limited.
JLT Benefit Solutions Ltd is part of Jardine Lloyd Thompson Group plc.
Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson Group plc (JLT) is an international group of Risk Specialists and Employee Benefits Consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through our combination of independence, scale and specialism.
Jardine Lloyd Thompson Group plc is quoted on the London Stock Exchange and employs 6200 people worldwide and through JLT NetworkTM provides services in more than 120 countries.
About Hitachi Consulting Corporation
As Hitachi, Ltd.'s (NYSE: HIT) global consulting company, with operations in the United States, Europe and Asia, Hitachi Consulting is a recognized leader in delivering proven business and IT strategies and solutions to Global 2000 companies across many industries. With a balanced view of strategy, people, process and technology, we work with companies to understand their unique business needs, and to develop and implement practical business strategies and technology solutions. From business strategy development through application deployment, our consultants are committed to helping clients quickly realize measurable business value and achieve sustainable ROI.
Hitachi Consulting's client base includes 25 percent of the Global 100 as well as many leading mid-market companies. We offer a client-focused, collaborative approach and transfer knowledge throughout each engagement. For more information visit http://www.hitachiconsulting.com/
About Hitachi, Ltd.
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 360,000 employees worldwide. Fiscal 2009 (ended March 31, 2010) consolidated revenues totaled 8,968 billion yen ($96.4 billion). Hitachi will focus more than ever on the Social Innovation Business, which includes information and telecommunication systems, power systems, environmental, industrial and transportation systems, and social and urban systems, as well as the sophisticated materials and key devices that support them. For more information on Hitachi, please visit the company's website at http://www.hitachi.com/.
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