Attracting and retaining the best staff presents a significant challenge to all businesses. This challenge is further complicated by the changing and evolving nature of employees’ expectations of their employers’.
Despite economic uncertainty and the cost-of-living crisis, employment is increasingly about more than pay. Research by international recruitment company, Randstad, found that ‘work-life balance’ has outstripped pay to become the top motivator globally for employees for the first time. Other priorities include progression opportunities, flexibility, and for employees to feel like their employer has social and environmental values aligned with their own.
Thankfully, a compelling employee benefits package can support employers in achieving that goal. Demonstrating that employees can trust their employer to walk the walk – not just talk the talk – of caring for and protecting their health and wellbeing.
What employee benefits are there to offer?
Benefits such as group life assurance, group income protection, and group critical illness cover supports the financial well-being of your employees and protects their loved ones. Providing that protection, and the peace of mind it brings to employees, can help businesses attract and retain the best staff. We often find that clients moving from research and development into expansion can particularly benefit from our independent advice and proactive approach.
How can Jensten Insurance Brokers help?
Our aim is to ensure your employee benefits package remains relevant and that it grows and adapts as your business does too. The health and protection requirements for a start-up will differ from the needs of a business that is scaling up, for example. However, we’ve seen in the past numerous clients that haven’t adapted their cover to reflect their changing needs and/or haven’t maximised the additional value an expanded membership can deliver. Such as, lower costs per head, higher automatic acceptance limits, improved coverage, and more favourable underwriting.
To avoid letting your employee benefits package drift along and to get the most out of your employee benefits spend, why not let us review your options?
For a consultation about how we can help tailor a benefits package that aligns with your company’s values and meets the unique needs of your team, you can get in touch by email on employeebenefits@jensten.co.uk or by phone 0333 400 4873