Leading global biopharmaceutical company, MSD, has its head office in Courbevoie, France with over 1,800 employees spread over six site locations. Like many large organisations are starting to realise, MSD understood the importance of having a strong employer brand and engaging its employees as a way to attract and retain talent. MSD decided that investing in Benify’s market leading global benefits and total rewards platform was a great way to achieve this.
“The world of compensation and benefits is changing, and more companies want to make a difference. It’s really important to us that our employees know more about their compensation and their benefits and that they understand we are a good employer and that we want to attract and retain the talents we have in the company”, says Isabelle Couquiaud-Schbath, Compensation & Benefits Associate Director at MSD.
After the success of the employee benefits platform in France, MSD plans to roll out the platform in other countries.
“We wanted to know that we would be able to replicate the experience into other countries and use the setup we’d developed for France. We wanted to make sure that when expanding to other countries we could actually rely on the technology and developments we’d made so that the other countries wouldn’t have to redevelop the things we’ve already done as they have fewer resources than we have”, Isabelle shares.
1Creating Engagement81% of employees have logged in to the employee benefits platform, resulting in increased awareness of their benefits and increased knowledge of their employer’s investment.
2Employee Understanding of their Total Reward80% of all employees who have logged in to the platform have viewed their Total Reward Statement, which provides each employee with a complete overview of their total compensation outside of just their salary.
3Staying InformedThe most visited page to date has been “My Savings Plan”, an information-only benefit, which explains how the MSD supplier savings plan system works. Employees can stay informed, learn more and take advantage of their employer’s offering.
The world of compensation and benefits is changing“The world of compensation and benefits is changing, and more companies want to make a difference. It’s really important to us that our employees know more about their compensation and their benefits and that they understand we are a good employer.” - Isabelle Couquiaud-Schbath, Compensation & Benefits Associate Director at MSD.