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Article: Regis uses flex for senior managers to style consolidated perks package.
- Article from:
- Employee Benefits
- Article date:
- August 10, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hairdressing firm Regis International has introduced a flexible benefits scheme for its senior managers in the UK as part of efforts to consolidate perks after a spate of acquisitions and to increase employee loyalty.
Implementing flex was Regis's first step towards consolidating 14 different benefit schemes that it inherited through a series of acquisitions, including that of Vidal Sassoon in 2002.
The flex scheme, which went live for 100 senior and head office staff in July, is provided by AWD Chase de Vere Consulting. It enables employees to increase their life cover and group income protection, as well as buy and sell holiday of up to one week.
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