Employee benefits programmes are a key factor in recruiting and retaining employees of the highest calibre. Our core competence is designing, installing and implementing them. We work with clients to identify an appropriate range of benefits. Then our position as an independent financial adviser enables us to source the most suitable and cost-effective products in areas such as insurance and pensions.
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A typical programme in the UK will contain an element of each of these benefits: Pension Plan - Normally 1 for 1 matching or higher contribution from the employer Life Assurance - Providing a lump sum benefit Long Term Disability - Providing a benefit to normal retirement age Private Medical Insurance - as an addition to the National Health Service
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However, employees have increasingly diverse priorities. So a flexible approach to benefit provision may need to be considered. With historically low unemployment in the UK, having flexibility within the total remuneration and benefits budget can make a significant difference to employees.
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Some core benefits need to be kept, but the flexibility to vary benefit levels and include a range of lifestyle benefits is important.
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As such flexible benefit plans grow in popularity, Bridgehead (UK) Limited is able to help employers structure attractive programmes while remaining within a controlled budget.
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And we will bring the same expertise to bear on administration.
As many benefits will have different tax and national insurance treatments, it is vital that an efficient administration system supports the flexible benefits programme. We achieve this with an online benefits communication and administration system called Staffcare, which is easy to use and economical to run. With access 24/7, employees are encouraged to visit the site regularly, update personal information, and access a wealth of educational and financial data about their employment and benefit programme. In fact, many clients use this system as their HR database; to record employee information, manage holidays and sick leave, create useful management reports and provide employees with total reward statements. Click here for a demonstration video of Staffcare. Bridgehead (UK) Limited is an appointed representative of PQR Financial Planning Ltd who are authorised and regulated by the Financial Services Authority.
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EMPLOYEE BENEFITS
Welcome to Bridgehead
Employee benefits programmes are a key factor in recruiting and retain...