SPOTLIGHT ON BENEFITS UNITED KINGDOM Spotlight on Benefits United Kingdom MBM % Yes This statistic shows the percentage of surveyed employers who responded positively to this question.

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  • SPOTLIGHT ON BENEFITSUNITED KINGDOM December 2012

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  • 2012 Spotlight on Benefits United Kingdom MBM

    Contents

    1. Overview......................................................................................................................................... 2 1.1. About 2012 Benefits Survey Report United Kingdom ....................................................... 2 1.2. If You Have Questions ......................................................................................................... 3 1.3. Confidentiality ...................................................................................................................... 3

    2. Participant List ................................................................................................................................ 5 2.1. Alphabetical List ................................................................................................................... 5 2.2. By Industry ......................................................................................................................... 11

    3. Background Benefits in the United Kingdom ............................................................................. 17 3.1. State Benefits..................................................................................................................... 17

    3.1.1. Retirement Benefits................................................................................................ 17 3.1.2. Death Benefits........................................................................................................ 18 3.1.3. Short-term Disability Benefits ................................................................................. 19 3.1.4. Long-term Disability Benefits.................................................................................. 19 3.1.5. Medical & Dental Benefits ...................................................................................... 20 3.1.6. Maternity Benefits................................................................................................... 20

    3.2. General Market Practice .................................................................................................... 22 3.2.1. Retirement.............................................................................................................. 22 3.2.2. Death Benefits........................................................................................................ 23 3.2.3. Short-term Disability Benefits ................................................................................. 24 3.2.4. Long-term Disability Benefits.................................................................................. 24 3.2.5. Medical Benefits ..................................................................................................... 24

    4. Statistical Results ......................................................................................................................... 26 4.1. Defined Benefit Plans......................................................................................................... 26 4.2. Defined Contribution Plans ................................................................................................ 27 4.3. Group Personal Pension.................................................................................................... 28 4.4. Stakeholder Pension.......................................................................................................... 28 4.5. Life Insurance .................................................................................................................... 29 4.6. Short-term Disability Benefits............................................................................................. 29 4.7. Long-term Disability Benefits ............................................................................................. 30 4.8. Medical Plans..................................................................................................................... 30 4.9. Annual Leave ..................................................................................................................... 30 4.10. Maternity ............................................................................................................................ 31 4.11. Travel ................................................................................................................................. 31 4.12. Company Cars ................................................................................................................... 32 4.13. Other Benefits .................................................................................................................... 32

    5. Definitions..................................................................................................................................... 34

    2012 Mercer LLC December

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    1

    Overview

    1.1. About 2012 Benefits Survey Report United Kingdom

    Mercer has collected information on benefits from a range of organisations operating across the United Kingdom. 228 organisations provided data to the 2012 Benefits Survey. This is the first launch of the benefits survey, which is a survey with data collection taking place all year round. Participants are listed in Section 2 in alphabetical order and also by industry. The contribution of these organisations is acknowledged as invaluable in the production of this report. Section 3 provides general information about benefits in the United Kingdom state and market practice on supplementary benefits to give context to the statistical survey results delivered in Section 4. Section 4 provides a summary of the key results of the benefits survey, where the median value (50th percentile) is used to demarcate prevalence and values. Results are presented for simplicity in standard format tables containing the following information.

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    % Yes This statistic shows the percentage of surveyed employers who responded positively to this question. It is relevant for some questions and not for others; where not relevant, it is left blank.

    Mean

    The sum of values is first calculated and then is divided by the number of observations. Unlike the median, the mean will be impacted by extreme low and high results. The mean itself is not an actual observation from the sample and in that sense does not necessarily reflect a typical practice.

    25th Percentile (Q1) After calculating the median, the first quartile is the mid-point of the lower half of the sample. The first quartile is the score below which 25% of the cases fall and above which 75% fall.

    50th Percentile (Median) The median is the mid-point of a range of figures. It is calculated by sorting all the values into ascending order then locating the value above which 50% of the scores fall and below which 50% of the scores fall.

    75th Percentile (Q3) After calculating the median, the third quartile is the mid-point of the upper half of the sample. The third quartile is the score below which 75% of the cases fall and above which 25% fall.

    Unless otherwise stated, local currency is used. In order to facilitate your understanding of the benefits information provided in our surveys, a glossary containing definitions of benefits and statistical terms is provided in Section 5.

    1.2. If You Have Questions If you have questions regarding the survey or the report, call us or e-mail us at:

    +44 20 7178 3172 Neil Hurst Neil.Hurst@mercer.com +44 20 7178 5649 Oxana Nagy Oxana.Nagy@mercer.com +48 22 456 40 83 Anna Szczerbak Anna.Szczerbak@mercer.com

    1.3. Confidentiality To ensure the confidentiality of all data, a minimum number of observations is required in order for statistics to be displayed. Three organisations must report at least three observations for a variable in order for the mean to be displayed. Four organisations and four observations are required for display of the median. Five organisations reporting at least five observations are required to display 25th and 75th Percentiles. Where there has been insufficient data for analysis, this has been indicated with --. Human Resource professionals who deal regularly with surveys are aware of the variance that may exist in survey data. Data may fluctuate slightly from year to year due to changes in the participant base. It is also important to note that within a sample, a significant amount of data may be reported by one organisation. It is also possible for data to change drastically from year to year due to industry-related factors and economic conditions.

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    Mercer is providing this survey information to its clients to permit them to make independent decisions regarding salaries and benefits. Because the exchange of salary and benefit information among competitors may be construed in certain circumstances as a means to facilitate an antitrust violation, Mercer has taken appropriate steps in collecting and disseminating this information in order to avoid such perceptions. The information and data contained in this report are for information purposes only and are not intended nor implied to be a substitute for professional advice. In no event will Mercer be liable to you or to any third party for any decision made or action taken in reliance of the results obtained through the use of the information and/or data contained or provided herein.

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    2

    Participant List

    2.1. Alphabetical List Organisation Name Industry Name

    AB Mauri FoodAccellent Medical Equipment and SuppliesAccenture High-Tech Other or CombinationAccolade Wines Beverage and TobaccoActavis UK PharmaceuticalADVA Optical Networking TelecommunicationsAetna Global Benefits Europe Insurance Health and MedicalAlbert Browne UK Medical Equipment and SuppliesAlexion Pharma International Services PharmaceuticalAlfa Laval MachineryAlly Financial Finance/Banking Other or CombinationAmmeraal Beltech Plastics and Rubber ProductsAmway Europe Consumer Goods Other or Combination Amway UK Consumer Goods Other or Combination Arch Chemicals ChemicalArch UK Biocides ChemicalArla Foods FoodAsiaInfo-Linkage H.K. Systems UK Branch High-Tech Other or CombinationASM UK Sales High-Tech Other or CombinationAtlantic Plastics Plastics and Rubber ProductsAvon Cosmetics Consumer Goods Other or Combination Bacardi Martini Beverage and TobaccoBang And Olufsen UK Consumer Goods Other or Combination Barry Callebaut UK FoodBASF ChemicalBaxi Heating UK Machinery

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    Organisation Name Industry Name

    Baxter Healthcare Medical Equipment and SuppliesBE Aerospace High-Tech Other or CombinationBeam UK Beverage and TobaccoBissell Homecare Overseas Electrical Equipment, Appliance, and Component BMW Group Financial Services Finance/Banking Other or CombinationBMW UK Transportation Equipment AutomobileBMW UK Manufacturing Transportation Equipment AutomobileBoeing UK Transportation Equipment AerospaceBoots UK RetailBosch Siemens Home Appliances Electrical Equipment, Appliance, and Component BP International Oil & Gas DownstreamBristow Group Utilities EnergyBRITA Water Filter Systems Consumer Goods Other or Combination British American Tobacco Beverage and TobaccoBritish American Tobacco UK Beverage and TobaccoBritvic Soft Drinks Beverage and TobaccoBurberry ApparelBurger King Corporation FoodBusiness Connexion Services Other or CombinationCapital Group Companies Global Finance/Banking Other or CombinationCargotec MachineryCarl Zeiss High-Tech Other or CombinationCarlsberg UK Beverage and TobaccoCBee Europe Consumer Goods Other or Combination Cereform FoodCheckpoint Systems Computer and Electronic ProductsChemetall ChemicalChiquita Brands FoodCinetic Landis MachineryCoca Cola Enterprises Beverage and TobaccoColgate-Palmolive UK Personal CareCorn Products UK FoodCorning TelecommunicationsCP Kelco UK ChemicalDanfoss MachineryDanfoss Heat Pumps MachineryDanfoss Randall Electrical Equipment, Appliance, and Component Danone FoodDeere and Company European Office MachineryDENSO Manufacturing UK Transportation EquipmentDENSO Marston Transportation EquipmentDENSO Sales UK Transportation Equipment Auto PartsDiageo Beverage and Tobacco

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    Organisation Name Industry Name

    Dr Reddys PharmaceuticalDr Reddys Laboratories PharmaceuticalElementis ChemicalEnerflex UK Oil & Gas UpstreamESB Energy International Utilities EnergyEstee Lauder Cosmetics Personal CareFederal-Mogul Transportation Equipment Auto PartsFederal-Mogul Aftermarket UK Transportation Equipment Auto PartsFederal-Mogul Bradford Transportation Equipment Auto PartsFederal-Mogul Camshaft Castings Transportation Equipment Auto PartsFederal-Mogul Coventry Manufacturing Transportation Equipment Auto PartsFederal-Mogul Friction Products Transportation Equipment Auto PartsFerrero UK FoodFIAT Industrial MachineryFives North American Combustion UK MachineryFives Stein MachineryFoster Wheeler Energy Energy Other or CombinationGallaher Beverage and TobaccoGambro Lundia High-Tech Other or CombinationGardner Denver MachineryGates Power Transmission Consumer Goods Other or Combination General Mills UK FoodGeneral Motors UK Transportation Equipment AutomobileGetinge Medical Equipment and SuppliesGiesecke & Devrient GB High-Tech Other or CombinationGivaudan UK ChemicalGlaxoSmithKline UK Healthcare Consumer Goods Other or Combination Goodyear Dunlop Tyres UK RetailGrundfos Pumps Wholesale DistributionH J Heinz Company FoodHalliburton Worldwide Oil & Gas UpstreamHasbro Consumer Goods Other or Combination Hella HLGB Transportation Equipment Auto PartsHenkel Consumer Goods Other or Combination Herbalife Europe Wholesale DistributionHickson Chemical Supplies ChemicalHilton Worldwide Hospitality/RestaurantHitachi Europe High-Tech Other or CombinationHoganas Great Britain ChemicalHoneywell Durable Goods, MiscellaneousHR Reward Partner High-Tech Other or CombinationICAP Finance/Banking Other or CombinationIKEA Retail

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    Organisation Name Industry Name

    IMI Cornelius Beverage and TobaccoIMI Kynoch MachineryImperial Tobacco Limited Beverage and TobaccoImperial Tobacco UK Beverage and TobaccoInstron Division of ITW MachineryInteva Products UK Transportation Equipment Auto PartsInvensys High-Tech Other or CombinationJabil Circuit UK...

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