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DebbyHannafordSeniorBeneftsConsultantCaseStudyExampleIdentifyifemployeesunderstandorappreciatethebeneftDeterminewhatthebeneftisrequiredforandwhattheReviewtheexistingmembershipFinallychoosethemostfttingbeneftproviderandselect4ReviewingyourBeneftsPackageAgoodemployeebeneftspackagecanhelporganisationstosupportretentionprogrammesbyboostingstaffmoraleandcanbecomeapowerfulrecruitmenttool.Howevertomaintainthestrengthofyouremployeebeneftsofferingtherangeofbeneftsprovidedshouldntbeaone-offdecisionitssomethingthatshouldberegularlyreviewedtomakesurethatthebeneftsyouoffercontinuetoftwithyourrewardstrategyandmeettheneedsofyouremployees.Perhapsmostimportantlyinthecurrentenvironmentitisvitaltoensurethatyourbeneftsarecompetitiveandthatyoucontinuallyreceivevalueformoney.Wewouldsuggestthatthisreviewisdoneonanannualbasis.Cleverrebrokingofemployeebeneftsisoneofthemostsuccessfulwaystoreducethecostsofarewardprogramme.Howevercareneedstobetakensothatyoudontendupwithbeneftsthatcostlessbutarealsonotablylessattractivethantheoriginalonesorprovidereducedsubstandardorlesscomprehensivecover.Aspartofthereviewthefollowingstepsneedtotakeplacecompanyistryingtoachievebyofferingitthebestproductfortheorganisation.Themarketneedstobethoroughlyresearchedandwhatisavailableevaluatedaswellobtaininginformationaboutthevariousprovidersandtheuniqueattributesofeachproduct.OncetheabovestepsarecompletedandaproviderhasbeenchosenitisimportanttoensurethatthenewbeneftsalongwithanyrevisedTCsarecommunicatedtoemployees.Thisisavitalpartofensuringthesuccessofafexiblebeneftsschemeifstaffdontknowenoughaboutthebeneftsthentheyareunlikelytoselectthemaspartoftheirpackage.NorthgateArinsoRewardSolutionscanworkwithyoutoaccomplishtheaboveprocessandthenbringaddedvaluebyusingourstrategicpartnersmarketpositionandstrengthtonegotiatepowerfullyonyourbehalftoobtainthebesttermsforyou.Thereisavastquantityofemployeebeneftproductsavailableinthemarketplaceandourspecialistbeneftconsultantsarefullyuptospeedwitheverythingthatisonoffer.Theycanthereforeworkwithyoutoestablishwhatwillappealtoyourworkforceandthensuggestinnovativebeneftoptionsforyou.AuthorTofndoutmoreaboutDebbyvisithttpsolutions.northgatearinso.co.ukdebby_hannafordAsupportservicesPLCcompanywasprovidingprivatemedicalinsurancedeathinserviceandincomeprotectionforits2100employees.Asaresultofreviewingthemembershipmerginganumberofhistoricalpoliciespackagingthedeathinserviceandincomeprotectionschemestogetherwithoneproviderandreducingtheinitialcommissionthisyearspremiumswerereducedby160000.