It’s not just about offering a salary when you want to recruit and retain good staff.
Increasingly, the benefit package you offer can be the difference between someone accepting a job or choosing to work for a competitor. It can also be a tool to retain good employees.
There are a wide range of benefits you can now provide to your employees, which a company can choose to financially contribute to or not.
The most commonly adopted benefits include a group pension scheme, death in service and private medical insurance, as well as group income protection, critical illness cover and dental plans. As employers become increasingly keen to add value to the remuneration of their staff, more companies are offering access to schemes such as cash plans, travel insurance and private GP services too.
One of the most popular incentives are childcare vouchers which can offer significant savings to working parents. Childcare vouchers provide a real benefit without a cost to the business and facilitating this scheme should be a priority for employers.
At English Mutual, our team of expert employee benefit planners are able to assist in setting up a employee benefit package which works for your business. They also provide a comprehensive review service, to ensure any arrangements you already have in place meet new legislation requirements and are cost effective, put simply, that you are not paying over the odds for the benefits you are providing.
To arrange a cost review of your existing employee benefit arrangements or to discuss setting up a new scheme, click here to arrange an appointment.