How to save money with employee Benefits. Get them reviewed!

Posted in Cost Detective by Marcus on August 1, 2013 No Comments yet

How to save money with employee Benefits.  Get them reviewed!

In a major survey of employees , the overwhelming majority rank Private Medical Insurance as their second most important benefit after a company contributing pension scheme.

There are many schemes available; anything from basic cover to get your staff back to work quickly, to full cover, that attracts and retains the most skilled members of your workforce.

Other benefits like Gym Membership, Health and Wellbeing Programs and Employee Assistance Programs (EAP’s) can also be combined with your Medical Insurance to add value to your employee’s benefits package and help them keep fit and healthy.

You may have Private Medical Insurance cover but is it the most suitable or are you paying too much?

Auto Enrolment for pensions is already here and rolling out to EVERY company in the next few years..even if you have a pension scheme in force, you should take advice on its suitability and compliance with the new regulations, many do not comply.

Basic Life Insurance (Death in Service) and Income Protection are also valued benefits,  giving employees the peace of mind that if they get ill and can’t work, or the worst happens, there would be a safety net for them and their families. These schemes are cheaper thank you might think.

This is especially important if you are a smaller firm trying to attract personnel from the larger companies. Even as a one man band, you can still benefit from the tax efficient life insurance that’s paid for by your company.

Get in touch to cost save without removing the effectiveness of all your employee benefits, or if you have nothing in place yet and you know you should.

A big thanks you to Seth Thomas at Ample Financial Services for doing most of the work for this blog.

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