"Do you want to be seen as an employer of choice…..? " "Are you aware that company benefits are a cost effective way to attract and retain the right people !”
Commonly known as employee benefits, they can come in many guises and are often used by companies as part of their staff benefits package and to meet employer’s duty of care to staff. They can be set up for all/sections of staff to provide features such as retail discounts, dental, medical insurance, life assurance, illness cover for key staff, cycle to work, child care vouchers. Such schemes are valued by employees and can be more effective and tax efficient than offering an increase in pay.
“The introduction of Automatic Enrolment (workplace pensions) has raised employer and employee awareness around ‘benefits packages’, so much so that more and more individuals will selectively choose an employer based on both their remuneration and benefits package. “
Essentially employee benefits schemes are a fundamental employer tool in attracting and retaining staff. This in turn can help provide a secure, efficient and productive work environment, whilst minimising human resources risks around business disruption, recruitment costs, staff profitability, lost work days and legal litigation.
With pressures on wages, we are seeing more and more companies embracing and understanding how such benefits can help a company to grow and protect itself, whilst potentially reducing its tax liabilities.
Whether your looking for key person, director or shareholder protection, group schemes such as – life cover, critical illness, income protection, private medical, retail discounts, HR/staff counselling, we have a modular solution to fit your needs so why not give us a call today to discuss how we can help.