Original Tender Description
NGN currently offer benefits via an online portal called iBenefit, our colleagues reward and benefit scheme offering choices in benefits and savings. This delivers a mixture of voluntary benefits and additional offers which the company is able to provide to all of its colleagues. NGN have been running the current scheme for 6 years and have added new benefits and offers each year/when available.
• Number of colleagues - 1400
• Workforce: predominately operational/field-based engineers; support and corporate functions office/homebased
• Number of payrolls: 1 per month
• Benefit year runs April to March
• Annual enrolment is a 3 week window mid-February to early March; benefits selected during the main election window need to be effective on 1st April each year. Annual enrolment is our colleague's opportunity to make the most of our exclusively negotiated deals and offers. Benefits can also be made from National Insurance and/or tax savings when payments are made through monthly salary.
• Most benefits are 'anytime', so are available throughout the year and can be selected each month. Exceptions, which are only available at main election window are highlighted in the table below *
• Voluntary benefits: Mixture of Gross pay (Salary Sacrifice- either tax and NI, Tax only, NI only) or Net Pay deductions - see above