Award winning Thomas Carroll Independent Financial Advisers offer expert advice on workplace pensions and employee benefits. We will design an employee communication programme to suit your business needs and those of your employees.
As the challenges and opportunities to satisfy and retain people increase, so do the costs. The real challenge for employers is how to develop the best possible benefits programme within the constraints of the budget available and then to ensure it is communicated effectively to the workforce.
With all employers required to offer provision under Automatic Enrolment, will there be a move by employers to offer better pensions provision in order to attract and retain the best recruits?
It is important for employers to realise that the employer contribution offered is not the only factor in determining quality of the scheme. In particular, the standard of communication will be increasingly important as people seek more information and more support.
In some workplaces, individual and group meetings, clinics and printed material will be most appropriate. For others, digital channels such as email, the intranet and even social media can play a greater role. Online pensions education and information represents an important opportunity to add value to the employee offering.
Too few employees currently understand what their employer provides over and above their salary. This undermines their ability to protect their heath and wealth now and into retirement. It may also mean they may have little appreciation of a crucial part of their remuneration and rewards package.