Introduction of an Employee Benefit Package
A local, specialist house builder wanted to introduce an employee benefit package for its twenty five employees.
The company did not have any employee benefit schemes in place and needed guidance both in terms of structure and implementation.
We first met with the company to discuss the budget available and their priorities in terms of the schemes to be established.
We analysed and discussed different options before making a bespoke recommendation, comprising of a pension scheme, death in service and private medical scheme.
As well as recommendations in terms of the actual benefit schemes, we explained our three tier service proposition and the levels of support involved with each – both in terms of the initial set up of the schemes and the on-going service provided.
FOCUS worked closely with the company to establish the new schemes and to ensure all areas of the administration involved ran smoothly, for example, the deduction of pension contributions from payroll.
Working with the company going forward, FOCUS will be on hand to answer any questions as they arise and will provide an annual service review discussion to ensure that everything is running smoothly. We will also be providing annual review meetings for the employees.
As the company grows in size over the forthcoming years, FOCUS will work closely with them to ensure that employee benefit service provided can adapt and change where necessary, and, as legislation changes demand.