To reduce company expenses on recruitment, training and salaries and help to build long term staff loyalty, offering a comprehensive employee benefits package can be a more tax efficient way to attract the right type of staff to your organisation.
Whilst offering a competitive salary will always remain a key part of any recruitment package, other group schemes can be attractive to employees.
These schemes help build employee loyalty and productivity whilst minimising the loss of profits should an employee be unable to work following an operation, accident, sickness or disability.
Group schemes can be very competitive, especially for companies with a large number of employees. Also, as an employer, you should remember that group terms may have less onerous qualification processes than individual plans and you too can benefit from these plans.
At Willis Wealth Management we can help you to build and service an employee benefits package appropriate to the needs of your staff. We will also assist you in meeting all your legal obligations in respect of issues such as Stakeholder legislation.
Contact Colin Willis in our Employee Benefits team today to learn more.