Employee Benefits
Attract and keep the best people.
Benefits that benefit you
While the benefits package you offer your people may seem about them, it’s actually your business that has most to gain.
As you know, your employees can be the biggest asset of your business. But today, attracting and keeping those star performers can prove a challenge.
And while flexible work patterns have been in demand for some time, it’s important to maintain a better work-life balance. Many businesses are looking at ways to entice and keep staff. We can help you find solutions that will benefit them and the business.
What are my options?
Fancy job titles and pay increases will only work short term. To become an employer of choice, you need to invest in your employees’ future, too. If you want to create a more enticing benefits package, we can show you how. Our expertise spans the full range of schemes, including:
This is a popular option that could benefit your business, well beyond attracting and keeping top talent. It can get your staff back to work faster than ever before.
When they’re treated privately, wait times tend to be shorter and appointment times more flexible too. Meaning employees can see a doctor without taking time off work.
Offering access to private care is also a great way to improve the wellbeing of your teams, boosting happiness and productivity. So if you’d like to know more about the plans open to your business, one of our expert advisers can help you choose the best package.
One of the first employee benefits on your list should be income protection. If any of your staff are off work beyond the usual statutory sick pay period, your income protection will kick in.
It pays their salary until they’re well enough to return, or they reach the end of their payment period. For starters, it’s reassuring for your people to know they’ll be paid for a longer period. And seeing as they’ll be more likely to return, it’s good news for your business too.
Salary sacrifice has become the go-to benefit for many businesses in recent years. It’s where your employees agree to reduce their earnings by an amount that’s equal to their pension contributions.
In return, you then agree to pay their total pension contributions.
It’s a simple way of making pension-saving more tax efficient. Better still, it usually comes with the added bonus of increasing your staff’s take-home pay as a result. Not only a great way to help them save for the future, but also to keep them happy and engaged with more money in the bank.
The purpose of life assurance is simple: should an employee pass away while on your payroll this policy pays a one-off sum of money to any beneficiaries named by your member of staff. Their death doesn’t need to happen while they’re at work, either. They only have to be employed by you at the time of their passing.
So while it’s an unpleasant thing to think about, it’s good for candidates to know that their loved ones will be well-looked after.
Pensions
Protect your business for life
When you have a good company pension scheme in place, it lets people know how highly you value your staff. But how do you choose the right one?
If you’re looking for a way to boost your employer brand, you may be wrestling with this exact question. To get you started, here’s a quick look at the kind of pension schemes you could introduce to your business.
According to research by Aviva, pension schemes were the most popular employee benefit after annual leave. So if you want to become a more attractive place to work, make sure you give your pension scheme plenty of thought.
Alternatively, you can let us do the work for you. We can review your current offering and make sure it’s competitive. If it’s not, then we can find you a new one that better matches your business.
Choosing a group pension scheme for your employees is a critical decision as an employer. Typically, a defined contribution scheme, such as a group personal pension, aligns with the government’s automatic enrolment requirements.
It is now a legal obligation to provide a workplace pension for eligible employees, with non-compliance risking fines from The Pensions Regulator. Selecting the right scheme among various providers can be challenging, yet a well-chosen group pension scheme enhances staff loyalty.
We simplify the pension landscape, guiding you to the most suitable policy for your business.
Make your benefits package work for you
If you’re ready to attract high quality candidates and build a loyal staff, then a good benefits package is one of your best tools. Let us make the entire process clear and simple.
Book your consultation
