In today's fluid employment market, recruiting and then keeping employees is key to the success of any business. It is, therefore, essential for an employer to offer a competitive employee benefits package. An employee benefits package can consist of many different incentives, but amongst the most common are:
- Group pension facility
- Group death in service cover
- Income protection
- Private medical insurance
- Group critical illness assurance
Here at IFS we have a great deal of experience in advising on packages that best suit the needs of both employer and employee, as well as implementing the required benefits and servicing the plans so that your involvement can be kept to a minimum.
We also recognise that your employees need to understand the benefits and their options to fully appreciate the value provided, and this is why we are always happy to come and speak to your staff, on a one to one basis if required, to explain the package and answer any queries that they may have.
As well as advising on new benefit packages we are happy to undertake a review of your existing arrangements to ensure that they are being provided at a competitive cost and still meet the objectives set when they were originally created. We produce a detailed report as standard, covering all aspects of what we do including an explanation of the products, recommendations and the costs of the different routes available to you. All this is produced before you need to commit to working with us.
There is no one stop solution to this quite complicated area but if you are aware of what your employees want, you make sure that your employees know the value of what they have and you are aware of what your main competitors are offering, then you are off to a good start!
In this field we recognise that many employers do not have time to effectively run, monitor and re-broke your benefits as often as you should. Let us take the strain for you.
You will be able to study our report and recommendations prior to signing an employee benefits contract with us.
Sunday 24th July, 2016
The UK's vote to leave the European Union adds to risks for the global economy, finance chiefs say at the G20 summit in China.
The head of the International Monetary Fund, Christine Lagarde, is to stand trial over €404m payout to French tycoon Bernard Tapie, an appeals court confirms.
The Sun-powered aircraft Solar Impulse sets out from Egypt's capital, Cairo, on the last leg of its quest to circle the globe.
UK economic activity in July fell at its fastest rate since the aftermath of the financial crisis in 2009, data compiled from business questionnaires shows.
BBC News - Business