Total Remuneration Package: Benefits & Perks

Total Remuneration Package

Benefits & Perks

Human Resources

Introduction Welcome Welcome this introductory guide to our We aretoone of the world’s leading Total Remuneration Package (TRP), a new universities, based in a diverse perspective on pay and benefits here at and exciting capital city.

Imperial.

As you’ll learn this guide, TRP Working atthroughout the College means includes yourjoin salary, pensions, annualof leave, you will generations staff and other non-financial benefits, such as who have contributed to solving professional development, wellbeing support problems on a global scale. and employee discounts.

Our people are the most important part of Your benefits are part of your Imperial and are at the centre of delivering our academic mission. Ensuring that you Total Remuneration Package are rewarded appropriately and fairly is critical (TRP) - a framework for how we to maintaining our success, and crucial compensate and reward to this is the pay and benefits we our people. provide to you.

against comparable institutions to ensure This booklet outlines some of the we’re competitive in the package we offer; key financial and non-financial and balancing our remuneration benefits availablepackage to you. If you’d against ourlike other income tocommitments learn moreand about our TRP to ensure we’re as a sustainable. whole, you can visit

our website.

2021 is a very active year for TRP. As well as the USS valuation, we have a number of other TRP milestones coming up, including the SAULSalary pension scheme valuation, reporting on our ethnicity pay gap for the first time (alongside our gender pay gap), our first international pay Equity and benchmarking exercise and reviewing the achievement salary structure for professional, technical and operational staff.

Benefits Most importantly, we want to provide you with the tools to better understand what you receive as a member of the College.

I hope that this guide provides an accessible Pensions introduction to the principles behind this transition, and what it means for you.

More half of our annual spend goes Yourthan Total Remuneration Package towards our people, the remaining on includes your with salary and pension, the facilities, infrastructure and other support along with financial and nonthat is needed for them to do their research financial such and teaching.benefits In 2019/20 we spentas £567m on wellbeing support, development people, encompassing all of the elements that Professor Ian Walmsley Leave make up TRP. Provost opportunities and There are two key factors that influence employee discounts. what we spend on our TRP: benchmarking

Perks Wellbeing Environment

Looking after your money Interest-free loans You are eligible to apply for a loan of up to £10,000 to assist with the cost of your travel to work.

In addition to loans for travel costs, we offer:

• A cycle to work scheme that allows you to rent and then purchase a bike at a reduced cost • Salary advances at the start of your employment and before you receive your first month’s pay • Loans to cover the cost of immigration application fees • Loans towards the cost of studies • Loans to assist with the cost of rental deposits

Saving you money

Perks at Work

Our Perks at Work is an exclusive shopping portal, allowing you to save money online, in-store and via mobile.

Whether you’re buying groceries, updating your wardrobe or planning a trip, there are exclusive savings or WOWPoints available on many brands. You can also invite up to ten of your family or friends.

We have a range of offers with local organisations, providing discounts on food, museum entry fees and shopping, to name a few.

Financial advice

Discounts

The College has signed contracts with a range of Independent Financial Advisers (IFAs) who are available to assist in reviewing your options when you need financial advice. These firms have been assessed to ensure that they have a sound knowledge of the pension schemes offered at the College and are able to offer a complete service at a reduced rate to staff.

On campus We have over 30 catering outlets offering discounts to staff on a range of food and drink. These outlets also accept payment by Yoyo, a dedicated payment app that allows you to earn loyalty points as you spend.

You’re able to take advantage of a free parking space in the College car park at weekends, discounted accommodation in halls of residence during the summer months and personal ICT service desk support.

If you fancy broadening your knowledge or learning a new language, we have a Our goal is to maintain our position as of evening aprogramme world-leading institution and ourand people lunchtime classes available are the cornerstone of this. This means at we need a comprehensive discounted prices.TRP to attract, LEFT – Figure 2: Breakdown of spend on staff costs in 2019/20

support and retain the best.

We also organise a range of

This requires significant investment. More social activities for you get than half of our annual spend goes to towards involved in and have a large our TRP, with staff costs in 2019/20 totalling £567m. network to support and varied

our staff, from informal drop-ins

The remainder of our annual spend is used to to highlighting opportunities fund what enables our people to do their work, for development. including investments in equipment, buildings and infrastructure.

Taken together, both types of spending allow us to remain at the forefront of world-leading research and teaching.

Your development We’re committed to helping you develop professionally.

The Learning and Development Centre provides a programme of development activities to enable you to learn the skills relevant to your role and to develop abilities that will equip you for promotion.

To further your development, we offer partial funding for your professional development, study loans and paid study leave. You’ll also be automatically registered with the College Library, allowing you to borrow books, access e-books, e-journals and databases.

Are you a postdoctoral member of staff or Research Fellow?

The Postdoc and Fellows Development Centre (PFDC) offers an extensive programme of professional skills and career development training, support and opportunities so you succeed in your current position while planning your next step. In addition, you are entitled to up to 10 days training per year that you can use to develop your personal transferable skills.

Supporting you and your family Our family friendly benefits can help you maintain a healthy work-life balance.

Our Early Years Education Centre provides outstanding childcare and education services to staff, alongside discounts for staff at several local nurseries.

With generous family leave, parental leave and emergency family leave, you’ll find our benefits go significantly beyond statutory requirements.

We also know that school holidays can be challenging for working parents. We’ve teamed up with Fit for Sport, who are leading experts in engaging children through activity.

We have been named in the ‘Top 10 Employers for Working Families’ out of over 100 organisations and were the only university to achieve this in 2020/21.

For each of the four previous years, the College was named in the Top 30 list.

Live well, work well

From competitively-priced private health insurance to an on-site dental practice, we’ve got you covered (sometimes literally, with our sunscreen dispensers around campus.)

Along with our Occupational Health team, we’re working to create a safe and healthy workplace. We recognise the importance of the wellbeing of our people, and we actively promote good mental health and a proper work-life balance.

Our employee assistance provider, Confidential Care, provides free and confidential

support, information and counselling on a range of work and personal issues.

Our chaplaincy offers free mindfulness and meditation classes that can help you manage stress and your mental wellbeing.

Move Imperial offer a range of sports facilities across multiple campuses, include gyms and a swimming pool. You’ll be able to access a wide range of classes, activities and support to achieve your physical wellbeing goals.

www.imperial.ac.uk/ human-resources/benefits