Why invest in Employee Benefits for your staff?

A well thought out and executed employee benefits strategy can be a great vehicle to make your staff feel valued, protect them when they are unwell, drive employee engagement, improve morale, increase productivity and improve the bottom line of the business. 

Which benefits are most highly sought? 

Health related benefits such as Private Medical Insurance and Health Cash Plans remain some of the most popular amongst staff. More and more employers are implementing mechanisms such as Group Life Insurance, Group Income Protection and Group Critical Illness as a way to show greater value to a diverse workforce.  

Larger businesses are embracing technology by way of benefit platforms, which not only drive HR efficiencies and improve benefit promotion, but also house an array of other staff benefits such as voluntary benefits, season ticket loans, salary sacrifice, retail perks, and facilitate reward and recognition tools for managers to deploy throughout the workforce.  

Finally, Employee Assistance Programmes and counselling services (which support good mental health for staff) are being widely adopted.         

Why should I use an Employee Benefits Consultancy to source and manage our benefits? 

Put simply, a benefits consultancy works with all insurers and service providers across multiple benefit verticals, meaning that any advice given will be independent, impartial and unbiased. A benefit consultancy will assist with understanding the needs of your people, the culture of your business and work closely with you to deliver a joined-up strategy, which not only delivers, but can also be measured. 

Is it expensive to use an Employee Benefits Consultancy rather than buying directly from insurers/providers? 

No. In fact their services are free of charge in the vast majority of cases and because they partner with all insurers/service providers, is consultative rather than sales focused in approach. 

Nick Hale, Engage Health Group