In our last blog we discussed the importance of workplace wellbeing and shared tips on how to implement a Wellbeing Strategy. Whilst many businesses may offer an Employee Assistance Programme and a large number of organisations provide health promotion benefits, such as fruit or discounted gym membership, there are many other employee benefits available that should be considered.
Getting insights from your employees and your employee absence data is a good first step in ascertaining what benefits are most valuable and will produce the best return on investment. Having a HR system that can easily provide employee absence data, can be a huge help.
It can be difficult to know what type of benefits you should be offering your employees, and this is where expert advice from an Employee Benefits Consultant can help.
An Employee Benefits Consultant can be invaluable in assisting with your business case by;
Analyzing your requirements:
The types of benefits that you want can depend largely on the demographic of the company. Benefits Consultants play an important role in helping companies to better understand their employees and develop options that will offer them more job satisfaction by catering to them and their lives.
Providing value for money:
Your consultant can review the market, negotiating with providers and using their knowledge and expertise get you the best deal possible.
Providing product expertise:
An Employee Benefits Consultant will know which products and services to recommend. A Benefits consultant will be able to discuss current benefit trends and provide benchmarking information on what benefits are being provided in your industry.
Ensuring Compliance:
Your consultant will review your proposals in line with relevant legislation.
Assisting with promotion:
Providing benefits plays a big part in retaining employees, but if you’re employees are not aware of what benefits are being offered to them, then you are loosing out. Employee Benefits consultants will offer to hold inductions for your staff, to ensure everyone knows what benefits are in place and what it means for them.
The role of an Employee Benefits Consultant does not cease once the benefits have been initially implemented – during the policy year benefits consultants are available to provide updates on improvements or innovations to your existing benefits and/or to obtain key performance measures to help measure benefit performance and return on investment.
Talk to Eppione Today About Employee Benefits for Your Workforce
Eppione are Employee Benefits consultants who help businesses to become a better workplace and for the employees to be the best they can be.
We can review existing Employee Benefits to ensure they are fit for purpose and value for money and our online HR and Employee Benefits platform can help your business to thrive by offering flexible benefits to your employees, enabling them to choose benefits that are best suited to their needs.
It really helped when you explained how an employee benefits consultant could help evaluate your teams and find the best plan for your company. I heard that my uncle’s starting a company next year and is currently looking for a healthcare plan for his future employees, so I’ll make sure he reads your insight immediately. Thanks for the information on how to find the best employee benefits plan for your company’s talent.
It’s fantastic that you elaborated that providing benefits plays a big part in retaining employees. I like what you said, and A benefits consultant can review current benefit trends and provide benchmarking information on what benefits are offered in your sector. I appreciate your assisting me in learning more about how businesses operate and why it is critical to listen to employee views.