Sainsbury’s is one of the largest retail chains in the UK with a diverse workforce of 150,000 employees has spread its business across the country via its 890 retail stores. In order to meet the goals or hit targets, Sainsbury’s encourage its employees in a unique style by providing them with reward is also known as Sainsbury’s Gift Card. It is a short-term valid gift card Sainsbury provides to its employees who have done well in their working records.
The reason why the company has kept this reward program to keep motivating and increasing the engagement of employees so that can help to meet achieve company goals without undergoing any deadline. The employees who deal with meeting the requirements of health and safety equipment are now really helped the company to improve the health and safety service through this employee benefit plan. Most importantly, the absenteeism record has been reduced to a great extent as the card is also awarded to them whose attendance report is excellent. Through this card, the employees will be able to reduce their expense on travel, restaurant and shopping for a certain period of time and hence they strive to work with this company with huge effort and dedication.
In order to say thank you to the employees, Sainsbury’s has also organized loyal service awards for its employees. This means the company wants to appreciate the employees and show them that they are valued. Even in this case, the company use the Sainsbury’s Gift Card that helps them to rewarding staff loyalty, retaining good employees and making staff feel valued and appreciated. Through this gift card, the employees will get a discount on selected thousand products from any Sainsbury’s store.
Without affecting the budget, Sainsbury’s provides voluntary benefits to its employees which includes bonuses and discounts on store items. In order to motivate and engage this voluntary benefits program has been launched by Sainsbury’s. The company also uses this benefit programs to recruit a good candidate by captivating the prospective employees with the discounted deals. With 1000 products from food, wine and fashion to grocery and electricals all are there to purchase at a discounted rate for the employees who have participated in voluntary benefits scheme.
Access the sainsburys employee benefits on oursainsburys
The company is also famous for providing Cyclescheme to its employees which was started in 2010. The scheme aims at making a healthier workforce which can be obtained by providing enrolment id but employees need to sacrifice some of its salary throughout the year. Currently, there are 700 employees who are using this Cyclescheme in Sainsbury’s. Apart from this, Sainsbury is keen to provide benefits via salary sacrifice. They have launched a holiday buying scheme through salary sacrifice.
The basic benefits provided by Sainsbury’s are a pension, healthcare, cars and family-friend policies. There is three type of pension plan, namely stakeholder pension, self-invested pension and Life assurance. Employees can adopt anyone based on their preferences. Healthcare carries dental and optical benefits based on voluntary factors. The company car is accessed by senior managers and store managers while management and above can apply for motorcycle loans.