Volvo Group India introduces flexible benefits plan
Bengaluru: Volvo Group India has introduced Volvo Flex, a flexible benefits plan, to provide comprehensive benefit choices that meet the needs and lifestyle of their diverse, multi-generational workforce. Volvo Flex Plan offers a wide range of insurance and non-insurance benefits centered around health & wellbeing to over 2500 employees.
Emphasizing on the importance of health & wellness as the key imperative in these times, this flexible plan has been designed after putting in comprehensive thoughts, which factored the employee inputs, available market offerings and co-designing some of the offerings basis employees’ feedback. Volvo Flex shall offer certain core benefits, along with additional Flex Points to tailor the rest of the plan, to suit individual requirements.
Speaking about this initiative, Amit Sharma, CHRO, Volvo Group, India said, “At Volvo Group, the health of our employees matters to us, which is why health and workplace safety issues are given top priority at Volvo Group. We look after each other, aiming to create environments where all of us are able to perform and feel fully dedicated. Caring and being cared for is an important part of our culture and this mindset is what makes the us strong and capable of continued succeed. Introduction of Volvo Flex carries forward this philosophy. Though currently Volvo Flex is centered around Health & Wellbeing, gradually we will expand this to other benefits too. This will allow the employees to build a customized benefits plan that will better meet their personal and family needs.”
In our endeavor to enhance our employee experience and achieving our aspiration to be the most admired employer in our industry, the new Flexible Benefits Program shall put Volvo Group among the few select organizations in the country, which have introduced such a flexibility in their benefits structure.