IRIS FMP was tasked with managing the employee benefits transfer from an HR compliance perspective for pharmaceutical company Indivior.
De-merger of 60 employee division in 15 countries
Our client is a pharmaceutical company that has demerged from the original parent company that had approximately 37,000 employees, operating in over 60 countries. Our client has established themselves as a new stand-alone business, trading independently from the parent company with 60 employees in 15 countries.
IRIS FMP was tasked with managing the employee benefits transfer from an HR compliance perspective, working with brokers, providers and insurers on global basis to ensure a smooth transition and positive employee experience.
The project involved:
- Re-negotiation of employee benefit contracts with a reduced headcount, with the objective of minimizing potential increases in costs
- Retaining employee benefits on a matched basis to the parent company scheme
- Transference of car fleet management in a smooth and timely fashion, ensuring minimal disruption to vehicle users
- Development and management of bespoke global employee benefits portal, providing live data to employees, HR management and external payroll.
Following the transfer of employees, IRIS FMP is fully embedded in the new company’s global HR division, acting as the first point of contact to employees (existing and newly hired) in regards to their employee benefits.
IRIS FMP works in partnership with the internal HR leadership team, helping to develop internal policies and procedures and shaping the company’s employee benefits philosophy.
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