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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Is your business paying any of these prices? You are paying too much!

Posted in General by Marcus on July 16, 2013 No Comments yet

Is your business paying these prices for goods and services?

Markets change, wholesale prices move, relationships are important, we hear all of this but they always result in a price increase from the supplier, not so much a negotiation more of a take it or leave it.

We thought we would give you 10 prices for items that if you are paying in excess of then, it is probable that you are paying too much.

You should also check our other posting that showed 10 suppliers that we have made significant savings against recently to see if they are supplying you. Cost Detectives list of Shame. Or are you one of them?

 

Are you paying more than…..

1                    1pence per minute for national or local calls?

2                   5.5 pence per minute for mobile calls?

3                   £11 per collection for an 1100 litre waste bin?

4                   Zero to have your Merchant credit card bill sent to you?

5                   £15 for your PDQ machine?

6                   £3 per payslip all inclusive for outsourced payroll?

7                   £9 per collection for Feminine Hygiene Disposal?

8                   You did two years ago for print of any kind?

9                   £8.70 for a case of 200ml Coca Cola?

10              Zero for insurance charged via any of your lease agreements?

 

These are just a tiny fraction of prices that we have identified that are too high, if you are paying in excess of any of these then just drop me a line Marcus@TheCostDetectives.co.uk and we can help.

Equally if you would like to check a price for anything just email us a current invoice, any cost from A-Z; from Live Lobsters to a taxi to Heathrow!

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Cost Detective asks have you been rolled over by your electricity company?

Posted in Cost Detective, General by Marcus on July 12, 2011 No Comments yet

Once again I have a business  client who thought they could just move electricity supplier to a cheaper one.

Unbeknown to them  in the very small print was a roll over term, this company was rolled  for two years!  The rate they are now locked into is about 30% too high!

The window for giving notice on your current contract is short, find out when it is to avoid being rolled over at a higher rate!

If you need any help with this or your other costs  just drop us a line at Save@thecostdetectives.co.uk.

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The Cost Detective highlights 3 things to look for on your business phone bill that indicate you are paying too much!

Posted in Cost Detective by Marcus on July 7, 2011 1 Comment

If you find any of these three things on your business telephone bill then get in touch with our Cost Detective, a member of the Part Time Experts Team, on save@thecostdetectives.co.uk and he will save you money.

  1. Your bill has the initials BT on it.
  2. You are paying the same for a 1 second call as you do for any other call under a minute.
  3. You pay more than 10p per minute for calling UK Mobiles.

 

[All the Part Time Experts blog postings are under 100 words so you can get on with your day.]

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