If you’re looking to recruit the best and the brightest (as most of us are….), how can your company differentiate itself?
A few years back, it was easy: offer a fantastic pension package, and you immediately stood out from the competition.
Nowadays…? All employers have to offer a qualifying workplace pension scheme by law.
And as the minimum contribution rose again in April 2019, even a generous pension package doesn’t stand out as much as it used to. (Though of course that doesn’t mean you shouldn’t be offering one!)
So if pensions no longer always work as a key differentiator…what does?
Whilst most companies provide employees with a base range of benefits, the key is to make sure the right people are being offered the right benefits to add value at each stage of their life journey - and that they know about them.
And with benefits budgets being squeezed by tougher trading conditions, value for money becomes crucial.
How do you know if you're getting the benefit of your benefits spend?
Each year, your HR team could be spending hundreds of man-hours overseeing the renewal process for your different risk benefits, and transferring data from your systems to the provider’s.
In the event that an employee needs to call on one of their protection benefits, accuracy of data is absolutely key. However, submitting data is time-consuming, complex and can be liable to human error.
Our three-stage management process supports you throughout your scheme renewal.
Working with you, we will help your renewal process go smoothly by:
From an individual point of view, most people recognise that some element of protection is important whether it's for their car, holiday or home.
Interestingly, though, personal protection, the one that matters the most, is often the one that’s given the least consideration, mainly because it’s the one no one wants to think about.
We think it helps if you think of it as protection against a problem any person may have when they embark on a journey.
It’s something that can at least make things a lot easier if something really does go wrong.
If an employee suffers illness or injury they’ll have more than enough to think about, and it will be even harder for their loved ones should the worst happen.
But with protection, at least they can ensure that bills can be paid and loved ones are still supported.
So it makes sense for employers to use protection as a differentiating benefit, one that can help put employees' minds at rest.
82% of employees offer PMI to their employees
83% of respondents state that their organisation provides benefits to boost employee health and wellbeing
32% of employees offer critical illness insurance for partners and dependants, should the worst happen
Dental insurance is offered by 55% of employers to help employees keep the dental costs down
Protection for your employees
The right cost for your business:
How do you keep your business running smoothly whilst an employee is on long term sick leave?
We help employers establish the right insurance arrangements to enable a level of salary to be paid to an employee during a prolonged period of sickness or absence through injury.
We can help you manage the cost of continuing to pay some or all of your employee's salary whilst they are absent from work.
We access the whole market to find the right type of policy, providing cover that's aligned to your benefit strategy at a cost that's affordable to the business. Income protection gives you leeway to use the available budget to bring in temporary resource to meet client or productivity requirements.
Critical illness can cause serious financial hardship to employees.
Why not investigate providing a Group Critical Illness policy?
A benefit for an employer who really cares
PMI is widely recognised as one of the 'must-have' benefits for attracting and retaining your workers.
Finding the right medical cover can be time consuming and confusing. We can source a range of flexible Private Medical Insurance options for employers.
Health Cash Plans can be a valued low cost benefit employers can offer their employees to assist with everyday healthcare needs.
Does an employee need physio for those sporting injuries, or because something isn't moving as well as it used to?
Don't forget: Dental Insurance
Underwriting can be a lengthy operation.
If you need underwriting, we'll work with the provider to avoid holdups and ensure it’s completed in the shortest time possible.
We'll support you through the claims process and make sure benefits are distributed in accordance with the scheme’s rules, and that the Trustees use the correct discretion.
We help you understand your exact business requirements and your employees' needs, then tailor our service to you.
Our experts will obtain the best combination of cover and costs that exactly matches your requirements.
Our aim is to be your in-house broker and claims manager.
Just fill out the form and one of our experts will be in touch shortly