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An employee benefits package extends far beyond a salary and bonus structure and legislation means that certain pension benefits have to be in place for all staff.
Protecting your employees can be a valuable benefit and schemes can be established to provide death in service cover, income replacement and private medical insurance benefits.
Each of these can form part of a significant additional package of remuneration for staff and a way to incentivise all staff from factory floor to executive positions. Employers compete for staff on many different levels and putting in place a holistic employee welfare programme is a valuable benefit to many and can aid staff retention as well as recruitment.
A workplace pension scheme is a standard requirement for employees but selecting and administering the right scheme with the flexibility to work for your business and all its employees may not be straightforward. We can consult with employers to put the most appropriate arrangements in place and run regular clinics for employees, so they know exactly what they are building and how it is being managed.
It is important for senior members of staff to be protected from the business’ perspective as well, the loss of a member of key people from your team through death or illness can impact significantly on the running of the company and we can put protection in place to allow the business to continue to function without having a bearing on it value or the income it generates.
Protection contracts can also be written specifically for business owners and shareholders ensuring that the shares of the company and its ownership is placed in the right hands on their death. Business partners and fellow Directors can have peace of mind that the running of the company would not be further upset at a traumatic time and this sort of planning can reduce ongoing concerns in the boardroom.