Is your pension scheme and employee benefits package fit for purpose?
With more and more people becoming aware of how to position themselves in order to plan for the future, it’s never been more important for employers to assess the quality and strength of their benefits package.
By 2018 all employers with one or more members of staff must provide a qualifying workplace pension scheme. With a mass of recent publicity on the topic you can be sure that right now your staff are thinking about how they can best plan for retirement and their loved ones in the event of death or illness. How you approach this increasing awareness is critical to maintaining an engaged and motivated workforce.
Employers who have opted to simply comply with the statutory minimum obligations are now faced with the revision of existing provisions in order to remain competitive; with forward thinking organisations using ‘total reward’ as a central tool for recruitment and retention.
If you would like to review all or part of your employee benefit/total reward strategy, contact us today.