Employee Benefits
Employee Benefits
Employee benefits are non-cash entitlements within the employees overall reward package, which generally have a financial cost for employers, for example paid holidays, pensions, or company cars.
These are a hugely important element of the world of work. In negotiations and in day-to-day life, both employers and employees all too frequently focus solely on the salary being paid for the job at hand, rather than considering the total remuneration package on offer.
Every employee relies on employee benefits to some degree. Whether it is the company car you drive, the mobile phone you use, or the pension you are relying on, if you are employed by a business it is highly likely that you will be in receipt for some form of benefit. Employers, meanwhile, use benefits as a way of enticing top quality employees, boosting morale and, sometimes, to minimise tax.
The Financial Conduct Authority does not regulate advice on Employee Benefits.
Group Personal Pensions
A GPP is a pension plan that is offered by an employer to its employees. The plan allows employees to make contributions towards their retirement, with the employer also contributing towards the plan. The plan is managed by a pension provider, who invests the contributions and provides regular updates on the performance of the plan.
Employee Care Programme
We understand that your employees are your most valuable asset. That's why we offer a comprehensive Employee Care Programme to help you provide financial guidance and awareness to your employees. This gives them the opportunity to understand and plan for both their short term and long term financial objectives.
What are Employee Benefits?
There is a range of different benefits that may be on offer, from the basics like a pension, to less common examples like cycle to work schemes or gym membership.
