Offering appropriate employee benefits is instrumental to attracting and retaining staff. You may not know what really matters to employees, but we do. Let us help you attract the best talent.
When investing your capital is at risk
Employees are more than just a cog in the machine. Happy employees are more productive, willing to share experiences and can help improve efficiency. While there are several ways to maintain employee happiness, employee benefits arrangements are particularly effective.
In the first instance, a good benefits package tells an employee they are valued. That feeling of self-worth increases loyalty and means staff are less likely to leave. This leads to higher productivity and employees are likely to find inefficiencies and create solutions. In short, they can help you reach more clients and improve the bottom line.
The trick is to find the right balance. That’s the employee benefits arrangements which encourage staff loyalty and retention without spending more than the business needs to or can afford. We can help you find that balance. Our personalised and independent advice will be invaluable.
For any business to be successful, they need a financial plan. It highlights their current situation, goals and how they can realistically get from one to the other. An important part of corporate financial planning is to consider employee pay and benefit arrangements.
Every benefit you offer the employee comes with a cost, whether that’s tangible, like paying for health insurance, or intangible such as paid time off. You need to be aware of these costs when creating financial plans and employee benefit arrangements.
Lynas Vokes is a well-established financial planning firm based in the UK. We have been operating for over 30 years and have experience in all aspects of financial planning. We’ll help you understand which employee benefit arrangements are most likely to be lucrative for the business and help you arrange the details.
We will also monitor the benefits and your financial plans to ensure they are performing according to predictions. You’ll receive regular updates and suggestions on how to improve your position further.
Contact us
Our dedicated and professional team is waiting to help you. Contact us today and let our expertise help you make the most of your money
Every employee is unique. If you want an effective benefits package you need to find the benefits that will appeal to the majority, even if that isn’t everyone. Of course, you can personalise some benefits. In general, the most popular benefits are pensions, healthcare schemes (including dental care), life insurance, child or dependent benefits and paid time off.
However, an increasing number of employees are interested in flexible or remote working. This number has increased dramatically since the COVID-19 pandemic. Most employees also appreciate ongoing training which can be factored in to a benefits arrangement, allowing you to create standards and rewards.
Mental health benefits have also grown in importance, alongside confidential counselling options. We can help you evaluate your employee base and decide on which benefits they are likely to appreciate and use. This will help you create an attractive employee benefits arrangement and maintain good cash flow and productivity.
Frequently asked questions
Understandably, you have questions. The following are the most frequently asked, however, if you don’t find your question and the answer here, don’t hesitate to contact us. We can help you with any query, no matter how big or small.
Most industries are highly competitive. To get ahead you’ll need the best staff available. The simplest way of attracting and retaining them is to offer an attractive package, that’s salary and associated benefits. The employee benefit arrangement can make a difference between hiring someone or not.
This is a personalised decision based on your business, its employees and the market you operate in. We can help you decide the most suitable benefit arrangements which will attract the staff you need.
It’s an expense, just like any other. The cost of employee benefits needs to be factored into your selling price. The greater the benefits package, the higher the price of your product. It’s a balancing act that we’ll be happy to help you get right.
This is a good idea but you need to specify that not all suggestions will be implemented. It will give you a good idea of what benefit requirements are commonly requested. Adding these will make your employees feel like their opinions count. We can help with this part of the process if required.
You can but it can be complicated and time-consuming. It’s generally better to discuss your requirements with the professionals and let them handle it.
Because we provide great results. Our dedicated team specialise in creating financial plans that work for businesses and individuals. That includes finding the most suitable employee benefits arrangements.
We can talk about how good we think we are but the proof is in the pudding. That’s why we’re on VouchedFor, so you can see genuine verified reviews from actual clients. It’s important to us that potential clients can see what it’s actually like to work with us and that clients have a space to share their honest feedback on our service so we can make improvements where necessary. We’re proud to have a 4.8 rating on VouchedFor – click to see where that rating has come from.
Related links
At Lynas Vokes, we offer a wide range of services to help you at every stage of your life’s journey. Click on the links below to view our recommended services or view our Services menu for our full range.
Pensions are still generally regarded as the most effective way to save for retirement. However, it’s a complicated field, we can help you understand group pensions and secure the best option for your future.
There are important corporate insurance options, specifically keyperson insurance and shareholder protection, which you should be investing in.
Every business needs to create a financial plan. Of course, creating an accurate plan is complicated but we can help you simplify the process.
Choosing appropriate employee benefits arrangements can be complicated and it’s not something you want to get wrong. Mistakes could cost you financially and impact productivity. Our knowledge and experience can help you make informed decisions and create a benefits package that works for you and your employees.
Contact us today to discuss your requirements. We can also help with pension planning, tax planning, life and health insurance and even investment strategies.
Testimonials
