Employee Benefit Design

PaulPaul Waggitt,Chartered Financial Planner

We are very sympathetic to the difficult challenges faced by employers when it comes to designing an employee benefits package. It is very easy to overspend on a rewards package which does not achieve the desired aims of rewarding staff for good performance and loyalty. Worse still, is that the employees do not understand or appreciate the value of the additional benefits being offered.

Our team of experts work with a wide range of Managing Directors, Finance Directors, Human Resource Managers, or Talent Managers to implement bespoke employee benefit solutions. Over the years we have built strong relationships with our corporate clients, with some employing as few as 5 members of staff,  to listed companies employing over 3,000.

We are aware that many of our competitors offer rigid service propositions which charge employers for numerous add-on services. Our aim is to design more bespoke and fully transparent service propositions that provide employers with the best value for money in the long run.  All corporate clients are entitled to an initial consultation at no charge to discuss our current range of advisory services.

Our expertise and experience ensure a straightforward approach and solution to even the most complex requirements.

Auto-Enrolment & Workplace Pensions

We offer a range of different services with regards to auto-enrolment and the setting up of a workplace pension.

For some employers we have simply been asked to set up a compliant pension scheme whereas other employers have seen the value in appointing one of our experts to visit the staff and discuss auto-enrolment and the workplace pension.

Staff Benefits & Wellbeing

We provide expert advice on a number of staff benefits such as group death in service, group income protection, group private medical insurance, group health cash plans, group critical illness and group travel insurance.

Given the broad range of benefits available it can prove very helpful to appoint the services of an Independent Financial Adviser. For some employers, the existing schemes may not have been tendered for a number of years which could present an opportunity to reduce the ongoing costs and restructure the benefits.

Employee Benefit Portal

Over the years we have noticed a shift towards offering staff the opportunity to self-manage their benefits package via a Flexible Benefit Portal. The growth in this area is understandable as the use of a Flexible Benefit Portal will enable staff to determine what is important to them from a range of benefits on offer. From an employer’s perspective, the use of a portal will help with the ongoing administration of the scheme and the recruitment and retention of staff.

Implementing a Flexible Benefits Portal can be time consuming with numerous design issues to consider. In order to make sure that you have the most suitable Flexible Benefits Portal for your requirements then you may wish to get in contact with one of our experts to discuss bespoke solutions.