Reward and Employee Benefits
What is Reward?
Reward covers the whole spectrum of Compensation, Benefits and Recognition. Done well, this can be a motivator and can really aid retention. Done badly and engagement can drop significantly. Not sure whether you have a need for Reward support? Are employees coming to you claiming that they are underpaid? Are you in a position to respond with any sense of authority?
If any of the above sound familiar, engage Cornerstone Resources and we can guide you as to the market value of your employee’s roles. We can also advise on items such as how to best utilise your salary spend or what you should be setting aside to ensure you stay market competitive. We can also help you with the rest of your employee’s compensation package.
Using our significant knowledge of the UK employee benefits industry, we can help you access a range of employee benefits that will not only deliver value to your employees but will help you recruit and retain the skills you require to keep your business healthy.
Why should I provide Employee Benefits?
Employee benefits are a great way to increase engagement with your employees. Not everyone wants a ‘one size fits all’ package and with up to four generations in the workforce, there are often very different wants and needs within the same office!
Will this cost a lot?
The best thing of all is that many of them are cost neutral for your organisation. So you can provide your employees with a choice of how they want their overall package to look like without it costing the earth. Some options can be achieved via salary sacrifice which also delivers savings on National Insurance contributions.
What Employee Benefits are available?
A wide range of employee benefits are available in the UK. Below is a list of some of the options open to you but it is by no means exhaustive.
- Cycle to work
- Private Medical Insurance
- Health Cash Plans
- Voluntary Benefits
- Group Life Assurance
- Group Income Protection
So if any of the options listed above are of interest you, contact us by clicking the below button. Alternatively call Rob on 07494 161169 or Nicci on 07908 875146 and we can help provide your employees with a benefits package that meets their needs!