Employee Benefits

In addition to Basic Salaries, there are a wide range of other employee benefits that you might want, or need, to consider.

Considering the provision of additional benefits may be part of your strategy for attracting, motivating and retaining the best people.

It may also be that your 'industry' or 'sector' has an established practice of providing certain benefits and you will need to at least match the 'norm' if you are to be competitive.

In the case of Pensions, providing employees with access to a Pension Scheme is a mandatory requirement, if you have more than 5 employees.

We also receive regular enquiries from Start-Up businesses in the UK, as well as from American and European companies who are setting up in the UK, and we can provide help and advice on constructing and sourcing various benefits.

Whatever your motivation, we can advise you on a range of benefits, including:

• Commission and / or Bonus Schemes are popular with Sales Roles and Middle / Senior Management, in addition to Basic Salaries
• Sickness Benefits – Statutory Sick Pay (SSP) or Company Sick Pay schemes (CSP). A good CSP scheme, linked to a PMI scheme (see below) can help to get absent employees back to full health, and work, much sooner
• Private Medical Insurance (PMI) provides access to immediate health care and a quicker return to work, and is therefore very popular for middle / senior managers
• Permanent Health Insurance (PHI) for long-term illness or disability cover is also popular, but not as widespread as PMI
• Holidays – a statutory minimum of 4.8 weeks per annum including 8 national holidays, increasing to a minimum of 5.6 weeks in 2009.  6 weeks is now quite common for senior managers or key employees
• Company Cars and Free Fuel are still relatively popular, despite tax increases/changes. Car Allowances have also become very popular in lieu of a vehicle
• Pensions Schemes are mandatory where there are 5 or more employees

  Related Topics:

  Absence Management

  Recruitment

  Retention