Employee Benefits

You are probably only too aware of how difficult and costly it is to recruit and retain good quality staff and so will understand why many businesses are keen to enhance the employee benefits they offer.

Businesses realise that by offering employees ‘group’ benefits such as a pension scheme, life assurance and health insurance, they not only give themselves a better chance of attracting and retaining the staff their business needs but could also benefit from the cost savings of group plans. Many employers are now offering flexible benefit packages for their employees to choose from.

At Midland Financial Solutions Ltd, we have many years of experience working with employers and can advise you regarding the costs of implementing such arrangements, how to effectively communicate the value of these benefits to your staff and also provide your business with the level of ongoing administration and advice you require. We can also review any existing arrangements you may have to ensure they continue to meet the needs of your business.

We work closely with our business clients, providing them with ongoing advice regarding changes in legislation to ensure they are fully aware of their responsibilities.

For example, we can help you understand the potential impact on your business from the introduction of National Employment Savings Trust (NEST). The Government has recently passed legislation for National Employment Savings Trust (NEST) to be introduced in 2012 and they are intended to increase the level of pension provision in the UK by compelling businesses and individuals to make a certain level of pension contribution.

 

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