Basilea Pharmaceutica Ltd. is headquartered in Basel, Switzerland, and listed on the SIX Swiss Exchange. Basilea's UK business was established in 2006 to market their innovative and diversified portfolio of new drugs. The are based in Surrey and employ around 50 people.
Background
This case study looks at the implementation of an employee benefits by Mazars Employee Benefits which enabled Basilea Pharmaceutical to support their recruitment of talent from leading pharmaceuticals organisations.
Key facts
- 50 employees, Swiss owned pharmaceutical company
- Objectives - Implement a competitive employee benefit package to support their entry into the UK market
- Mazars Employee Benefits services – benchmarking, benefit provider selection, employee communication, implementation support, customised on-line technology solution
About Basilea
Basilea Pharmaceutica Ltd. is headquartered in Basel, Switzerland, and listed on the SIX Swiss Exchange (SIX:BSLN). Basilea's integrated research and development operations are currently focused on new antibacterial, antifungal and oncology agents to fight drug resistance and on the development of dermatology drugs. The company owns an innovative and diversified portfolio.
Basilea has a fully integrated R&D organization and has set up commercial organizations in Canada, France, Germany, the Nordics, Switzerland and the United Kingdom.
Basilea was founded in 2000 and went public on the Swiss Exchange in 2004.
Working with Mazars Employee Benefits
Basilea Pharmaceuticals approached usas part of a market review to find an employee benefit service provider to enable them to launch a competitive benefit package to support their UK recruitment drive and to enable them to compete for key UK employees working in the pharmaceutical sector, mostly for larger organisations like GSK and Pfizer.
With around 40 employees in the UK office, Basilea found that we were one of the few providers able to deliver a commercially viable solution without compromising on the quality of the solution. Successfully launched in 2008, Basilea now has an effective tool to aid their recruitment drive in the UK whilst also experiencing high levels of positive employee feedback from those already in the plan.
Design – our consulting team, working with Basilea’s HR and Finance diterctors, was able to develop a plan design which provided a competitive structure to attract new recruits.
Implementation – our complete service proposition enabled Basilea to progress the project with a single provider from initial feasibility through to employee launch communication and also the placing of the benefits with best of breed providers.
Ongoing support – finally, with the plan successfully launched, we provide a fully outsourced administration service centred on their on-line benefits management system. Employees are also provided with full support through help lines and access to personal advice where needed.
Key benefits
- Achieved the key aim of providing an attractive and highly valued reward offering to support their growth strategy in the UK.
- Implemented a complete benefits package on a cost effective basis for their organisation.
- Outsourced all benefit related administration within a fixed price service.
From the client
"For a smaller company what was important was working with an organisation that understood us, what we were trying to achieve and could help provide a competitive benefits package that supported our business objectives. We also wanted to be treated as an important client, that our business mattered"
Suzanne Wood, HR director, Basilea Pharmaceuticals Ltd
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