SD Worx wins HR Excellence Award for Best Employee Benefits, Compensation and Rewards Company

21 November 2017

Antwerp, 17 November 2017 – HR service provider SD Worx has been received the award for Best Employee Benefits, Compensation and Rewards Company at the annual HR Excellence Awards. The awards celebrate HR companies that provide innovative services and offer clear added value to companies in the private and public sectors.

An independent professional jury presented a total fifteen awards in various categories. SD Worx was also nominated in the categories Best HR Strategy and Transformation Company and Best HR Administration and Support Services Company.

 

SD Worx won the Best Employee Benefits, Compensation and Rewards Company award with the implementation of its Flex Income Plan (FIP) for start-up company THEO Technologies in Leuven, Belgium. The Flex Income Plan has been in use for ten years already and is a flexible remuneration system that allows employees to compose part of their wage package themselves.

Personalised wage package as an innovative HR tool

Demand for flexible remuneration systems is on the rise and smaller companies are also showing an increasing interest. Leuven-based start-up company THEO Technologies has managed to attract the best engineers with its personalised wage package.
Bibiana Rock of THEO Technologies: "At first, we wanted to devise our own flexible remuneration plan, but that was easier said than done. When one of the SD Worx experts introduced us to FIP, we knew immediately that it would allow us to make a huge difference, and it did. Our employees were soon convinced of the advantages. They receive a flexible benefits package on top of their salary. Remarkably, almost everyone prefers benefits such as extra leave days and a pension saving scheme to a company car, which is also an option. This also helps to reduce parking and congestion problems in and around Leuven."

Steven Van Hoorebeke, CEO SD Worx Group: "We are currently seeing the employer-employee relationship become more personalised. Employees are increasingly in control of their own careers with regard to flextime and location-independent work policies, remuneration, career planning and other matters. Their choices depend on factors such as age, gender, stage of life, employment contract, family situation, commuting requirements and culture. The extent to which employers offer these choices greatly affects their success and their chances in the war for talent."