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frequently asked questions | how to order | company history | press releases | |
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 PENGUIN FUN |
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Competitions & prize draws |
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Benefits Depending on eligibility, Penguin employees are entitled to the following benefits, some of which are Pearson group benefits..... The Pearson Group Pension Scheme The Pearson Group Pension plan offers a Money Purchase pension arrangement. The employee and the Company pay towards plan benefits. Employee contributions are based on 'pensionable salary' which is the rate of basic pay at 1 January each year. Depending on the section the employer chooses to join, contributions will be as follows:
Life Cover Life cover for members of the Pearson Group Pension plan is FOUR times pensionable salary. For non-members of the plan a sum equal to TWICE the employee's basic salary is payable. The Pearson Profit Share Plan The Pearson Profit Share Plan is a discretionary bonus based on the profits of the Worldwide. Employees of the group have the opportunity to earn up to 5% of annual salary, payable in April each year. The scheme is open to all 'employees' who have a minimum of 6 months continuous service in the financial year to which the Profit Sharing relates and are still employed at the time of payment. Penguin UK Bonus Scheme The Penguin UK bonus scheme is a discretionary bonus that gives all employees the opportunity to earn a percentage of salary (dependant of grade) on the achievement of company-wide and individual performance targets. The World-wide Save for Shares Scheme This offers employees the chance to own a stake in Pearson's future. The employee can save between £5 and £250 from their salary every month for 3, 5 or 7 years. The savings earn interest in the form of a guaranteed tax-free bonus over the 3,5 or 7 years. At the end of the savings period the employee can use all, or part of their savings and tax-free bonus to buy Pearson shares at discounted prices. Car/Cash Allowance Depending on grade, employees entitled to a company car can choose a car to a set lease value. Employees may opt instead for an annual cash allowance or may opt to downsize their car and receive a cash allowance as well. Season Ticket Loan Employees may apply for an interest-free loan for annual season tickets for travel to and from work. Discounted Purchases A 60% discount may be obtained on Penguin Group titles by ordering direct through the Customer Service department. Give As You Earn Pearson administers a Give As You Earn scheme for all UK employees and matches any money an employee wishes to donate to charity to a maximum value of £40 per month. This is a tax efficient way of donating money, as donations are not taxed. Pearson Health Care Plan The scheme is available to all permanent staff and may be extended to employees' families. The Company pays 50% of total contributions and cover includes hospital charges, specialist fees, NHS cash benefit etc. New employees may join the when they commence employment, or membership commences on 1 March each year. Occupational Health Unit The Occupational Health Unit provides services such as pre-employment health checks, inoculations, and blood donor sessions. Appointments can be made with the Company Doctor and Company Occupational Health Nurse in strict confidence. Sickness Benefit Employees are entitled to generous company sick pay. Company sick pay will be provided upon receipt of satisfactory medical evidence Peopleline Peopleline provides a full range of confidential counseling and information services to help Penguin employees with any difficulties related to home or work. A confidential service is available 24 hours a day, 365 days a year and offers telephone and face to face counseling, legal advice, management support and critical incident support. Maternity Leave Employees with more than 1 years service are entitled to 26 weeks maternity pay and up to 52 weeks maternity leave. Paternity Leave New Fathers are entitled to 20 days paternity leave to be taken at any time during the first years of the child's life. (A Maximun of 10 days a year). Childcare Payments The Company makes payments to eligible employees with children under five years of age to assist with child minding expenses. Eligibility will depend on salary level. Compassionate Leave Compassionate leave may be requested for the care of sick children, aged or seriously ill relatives, partners or other persons to whom staff have a responsibility or upon their death. 21 Year Service Award When an employee achieves 21 years service with the Company, they will receive an engraved gold watch. Pre-Retirement Run Down In the last six months of employment staff may work a reduced week of 4 days six months prior to retirement and 3 days 3 months prior to retirement, if they so wish, without loss of salary. Holiday Entitlement The holiday year runs from 1 January to 31 December. The full holiday entitlement starts at 25 days per annum, and grows to 30 days after 5 service. Health Club Membership The company offers discounted membership to local health club facilities at the Strand. Pulp Books A selection of pulp books are made available free of charge on a daily basis for employees. A maximum of two books per day may be taken. |
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