THOMSONS Online Benefits has seen its revenue grow to £22m a year in the decade since it was founded by Michael Whitfield and Chris Bruce.
Speaking on the 10th anniversary of the company’s creation, Whitfield, chief executive of Thomsons, says the next stage of its development will see an expansion of its global operations and a focus on the measurement of engagement in benefits. It now offers benefits in over 35 countries worldwide and contracts will see that figure rise to 48. The firm marked its growth from a small office in Victoria, London to business across the UK, Singapore and the USA, with a ball for employees at the National History Museum last month.
Whitfield says: “The idea for the business evolved over a number of years from working with clients who were increasingly frustrated by the growing benefit administration mountain, who wanted to find a more efficient way both to run and to empower their employees to take control of their benefits.
“We always believed that offering a combination of consulting, communication and technology could transform the employee benefits market and the value that both employers and employees derive from their reward packages.”
Bruce says: “We have been on an extraordinary journey of an internet start-up in the height of the dot-com crash, to a successful global business employing over 250 people with revenues in excess of £22 million.”