SLC Rail has introduced financial wellbeing support for its 80-plus employees nationally as part of a new cost-of-living benefits package.
The Birmingham, UK-based rail consultancy firm is offering staff access to one-to-one financial coaching and an all-in-one financial wellbeing service through a partnership with financial wellbeing and coaching platform Bippit.
Bippit complements the company’s current benefits and wellbeing package by providing every employee with access to a dedicated coach with professional qualifications from the FCA, along with a range of tools to navigate the current cost-of-living crisis. There are no tax or cost implications for any individual accessing the support.
SLC Rail wanted to offer the benefit free of charge to staff to “ensure that there were no barriers for people accessing the service”. It partnered with Bippit so that employees could have “the reassurance of knowing that they would be dealing with the same coach throughout their journey and that they were matched on the basis of the employees needs and requirements”.
The cost-of-living benefits package, which was launched in March 2023, includes shopping and lifestyle vouchers and is provided in addition to other money saving offers, such as a subsidised gym membership and a cycle to work scheme.
Sam Uren, director of SLC Rail, said: “We understand the challenges that our employees face with the ever-increasing cost of living. To support them, we have introduced a range of exciting new employee benefits. Among these benefits is our partnership with Bippit, which now provides free financial coaching and wellbeing services to all of our 80-plus employees. We recognise that this is a unique offering in our industry, and we are excited to see the positive impact it will have on our employees’ lives.”
SLC’s latest offering enhances its existing array of benefits, which includes flexible working, enhanced annual leave, private medical cover and much more.