Benefits scheme design consulting

We are experts on corporate benefits.  Our specialist consulting team has won numerous awards including UK ‘Corporate Adviser of the Year' for the last four years (2004, 2005, 2006 and 2007) in the Money Marketing Financial Services Awards, an accomplishment unmatched by any of our competitors.  Our team in Asia is made up of specialists who have many years of experience in providing advise to businesses in the region

If you have no benefits and reward strategy in place
    
Our specialists will work with you and develop a strategy that is appropriate for your business and meets the needs of your employees.  We will conduct an analysis to assess:

• The business case (financial impact, return on investment); 
• The business readiness (risks, resources and systems); and 
• The business need (competitive pressures, employee abd key stakeholder opinion, other competing projects). 

Typically, our study and report will include:

• A programme that meets the Company's growth, people and reward cost objectives;
• A benefit structure that is appropriate for attracting the right talent;
• An approach to get the best value for money in providing those benefits;
• A plan to ensure the programme is adequately communicated and easily understood by the employees based on their aspirations, locations and demographics. 

If you have a benefits and reward strategy in place

Our specialists will help you review your package to assess:

• Whether the selection, level and set up of the benefits that you currently offer is appropriate; 
• Whether the original strategy is still appropriate to your business today; 
• Whether there is any duplication of benefits on offer, whether they are accurate (i.e. do they cover everyone that you think is included) and whether they match your contractual terms and conditions; 
• Whether you are getting the best price or could your organisation get better value for your reward spend; 

If you want to find out whether flexible benefits are right for your business

We will help you to prepare a return on investment business case to determine the costs and potential savings that could be generated by implementing flexible benefits.

If you want to implement flexible benefits

We will walk you through the entire process from carrying out the initial fact find and feasibility study through to communicating the scheme.  Once your new scheme is live, the story really begins. Following the implementation we will help you evaluate the success of the scheme and to continue to grow and develop it in the future.

Reward cost management

The cost of providing employee reward is significant for any business to manage.
If the cost of providing and administering employee rewards and benefits significantly outweighs the value recognised by employees and business leaders, that spend does not represent good shareholder value.

As part of our Intelligent Reward proposition we increase the shareholder value associated with reward spend. 

The big issues

• The cost of employee reward, attraction and retention has a direct impact on a company's profitability;
• Many companies have no way of collating and measuring the cost of the benefits they provide, far less actively managing, controlling or equalising them across their businesses;
• There is an increasing focus on realising a demonstrable return on investment in HR.

The big questions?

• What do we spend on benefits today?  
• How does that compare with the past?
• How does that compare with our competitors?
• Did we keep our reward cost in budget?
• Are the benefits we provide worthwhile?

The answers?

Our specialist consultants use the data held about you and others in your sector and our unique reward cost tracking tools to provide board level reward cost reporting and to make recommendations for you on developing and implementing your future strategy.