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 rises again in April, 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 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:
- Supporting you as you submit your data to your selected provide
- Helping you sense-check employee records so that the process is simple and efficient
- Benchmarking your premiums to en
sure that the rates charged by your provider(s) are competitive vs. the market as a whole
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 you may have when you embark on any 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.
72% of UK employers currently offer a workplace pension to their employees
65% of UK employers are currently providing occupational health benefits
Critical illness cover is offered by 65% of UK employers, should the worst happen
Employee assistance plans are offered by 62% of UK employers keen to help their employees
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
Practical cover at affordable cost
Private Medical Insurance for businesses
Consider the cost to your business if one of your key staff fell seriously ill.
Could your business afford to wait whilst they are waiting for NHS treatment?
Company-sponsored cash plans are the alternative to full medical insurance.
They provide cover for life's little emergencies.
Does an employee need physio for those sporting injuries, or because something isn't moving as well as it used to?
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.
Our service commitment:
We help you understand your exact business requirements and your employees' needs, then tailor our service to you.
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