QS Financial Planning Solutions Ltd is authorised and regulated by the Financial Services Authority
FSA Registration No: 155158 © 2011 QS Financial Planning Solutions Ltd
Registered office: 2 Weekin Works, 112-
The information contained in this website is for the use of UK residents only.
No action should be taken as a result of information on this website without first taking personalised professional advice.
QS Financial provides independent corporate financial advice on employee benefits, pensions, company pensions, occupational pensions, money purchase pensions, flexible benefits, defined benefits schemes, group risk, group life assurance, group protection, total rewards, group personal pension, GPP, salary sacrifice, workplace advice, financial education, wealth management, financial advice, executive benefits, executive wealth management, care funding, care fees, long term care, employee advice, retirement planning and pension advice.
Scheme Design
Whether you are an expanding company looking at introducing a benefits scheme for the first time or an employer with a well established scheme, perhaps it is time to review whether what you offer is appropriate to today’s workforce.
All benefits should be ‘simple’ to understand even if you have many elements or options. If they are difficult to understand, employees won’t bother trying to understand so your benefit is ineffective as an employee recruitment and retention tool.
Not only must the scheme be simple to understand, it also needs to be communicated effectively for you to get good value from your benefit spend.
Making benefits ‘appropriate’ for your workforce
Different companies have different workforce dynamics. How you allocate your benefit spend should match the needs and desires of your employees.
Depending on your budget and employee profile, you might consider including:
- Life assurance benefit
- Income replacement insurance
- Critical illness insurance
- Healthcare insurance
The world is changing, benefits are changing. Perhaps you should see whether a change of ‘style’ would make your benefit spend more effective.
Call us on 0121 687 0880 or email us at advice@qsfinancial.co.uk
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