Have you had staff leaving your business? Wondering why they are leaving? Losing employees to your competitors? Are you struggling to attract the right candidates for interview? Do you have an employee benefit scheme? If not, this may be one of the reasons your workers may be leaving you. Employee benefit schemes offer staff non-cash “benefits” as part of their overall employee package, on top of their paid salary.
There are many advantages to employers by having an employee benefit scheme such as helping your business stand out against competitors. By offering an attractive benefit scheme, you may encourage more suitable applicants to your business, whilst retaining those already employed, reducing turnover of staff, reducing recruitment and training costs, increasing staff health, productivity and morale.
Employee Benefits Schemes can include such items as:
- Extra holidays
- Company Cars and Car Allowances
- Enhanced Pension Contributions
- Private Medical Insurance
- Gym Memberships
- Shopping Vouchers and Incentives
- And Many More
Benefits may be subject to taxation and should always comply with current tax legislation
Benefits packages can be developed in-house, created and managed by internal staff, or can be outsourced to specialist businesses who can create, tailor and manage the scheme for you. Whatever your choice it is always advisable to take specialist advice from a trusted advisor such as Elliot Fletcher Ltd.
Elliot Fletcher Limited are a Liverpool based team of Independent Financial Advisors and are specialists in working with small to medium enterprises (SME’S) in creating, developing and expanding its employees benefits scheme, helping to enhance the overall salary and benefits package offered to its employees. They provide impartial, un-biased advice on the wide range of options available to you and they will give you the confidence to make the right decisions about your business Employee Benefit Scheme.
Do You Have an Employee Benefit Scheme? If you would like to meet an Elliot Fletcher expert to discuss your new or existing scheme then please make contact directly to arrange an appointment,
Telephone – 0151 709 2299
Elliot Fletcher Limited is Authorised & Regulated by the Financial Conduct Authority