MANAGING EMPLOYEE RISKS HOW TO INCREASE THE IMPACT OF YOUR BENEFIT PROGRAMME

Transcription

1 MANAGING EMPLOYEE RISKS HOW TO INCREASE THE IMPACT OF YOUR BENEFIT PROGRAMME

2 HOW TO INCREASE THE IMPACT OF YOUR BENEFIT PROGRAMME Employers invest time and money in offering a comprehensive range of employee benefits and non-salary rewards to attract and retain the right employees. All too often companies do not put the same effort into promoting the benefits and rewards they offer; good communication is essential to make sure you make the most of your investment. In addition your employees will have diverse needs reflecting their personal circumstances, interests and aspirations, and those needs will change over time. It can be a challenge to offer the right range of relevant benefits, and then communicate and manage the programme efficiently with each employee. You may well find that you aren t offering the benefits that your employees really value, that the take up rate isn t as good as you expected or that the costs of managing your programme are escalating.

3 The TotalRewards system streamlines ongoing administration by providing a single platform for all data and benefit information. THE WILLIS APPROACH We provide a full service solution to help you develop, implement and deliver a rewards solution to meet your HR objectives. Listen Design Create Promote Manage Evolve Our project team will invest time with you at outset to fully understand your needs and objectives, and also your brand, culture, vision and values. We will remain focused on these throughout the process to ensure we meet your business objectives. We will consult with your nominated representatives and employees, sharing our ideas and experiences to develop and agree your programme design and detailed requirements. This could include workshops and consultation with key stakeholders, and employee representatives. We will review and source new benefit providers for you and then configure our TotalRewards technology platform to meet your requirements. Your solution will go through several levels of peer review, testing and iterations before it is released to you for acceptance to ensure quality and accuracy. We will consult with you to agree a communications strategy and develop a multimedia communications plan to engage your employees and encourage them to participate. On request we can also produce and deliver online, printed and face to face communications. We can manage and review benefits and benefit providers for you on an ongoing basis to ensure continued value for money. The TotalRewards system streamlines ongoing administration by providing a single platform for all data and benefit information with powerful management and reporting tools. On an ongoing basis we will work with you to review and refine the programme to continue to meet and exceed your expectations and those of your employees. We will gather feedback, share ideas and market developments, and consult with you and your employees over the on-going development of the programme to keep it innovative and leading edge.

4 HELPING ACHIEVE EMPLOYEE ENGAGEMENT and PARTICIPATION We can help you to develop your communications strategy and deliver a multi media communications plan to ensure employees are aware of their wider benefit package, and make use of what is provided. We can involve your employees in the ongoing development of your programme to ensure you provide the benefits and services they will value most. Your integrated employee benefits communication plan could include: Regular communications to highlight different aspects of your benefit programme. Face to face employee meetings to give every staff member a chance to find out more. A portal providing a single point of access for employees to view and manage all the benefits and services you provide in a consistent way under your brand. High quality, professionally produced, printed brochures and booklets. Targeted communications to provide employees with timely and relevant messages. Content, messages and ideas for you to use in your in-house publications. We can involve your employees in the ongoing development of your programme to ensure you provide the benefits and services they will value most. THE WILLIS ADVANTAGE With Willis you know that you are working with a partner who will be able to evolve your benefit programme with you, as your business grows and develops. Our advice and solutions are scalable and can be adapted across an international footprint; we have 3,000 employee benefit specialists in 120 countries. We have extensive expertise in handling Employee Risk which means we are aware of issues as they arise and can provide innovative solutions. TotalRewards provides a flexible platform for you to deliver your benefits strategy, and keep pace with the changing benefits marketplace. For more information, or to arrange a personal demonstration of the TotalRewards service, us at webl@willis.com or contact your Willis relationship manager.

5 WHAT WILLIS CAN DO FOR YOU AND YOUR EMPLOYEES If you are looking to increase the effectiveness of your benefits programme, Willis can help. With Willis TotalRewards your employees will have access to: A user friendly online portal to view and manage their individual benefits of employment. A personalised Total Reward Statement so that they understand the overall value of their personal package with information and resources to explain each element. A full and comprehensive range of flexible benefits so that their package can reflect the rewards they most value. Rewards just for you, a package of lifestyle discounts to save money on a range of goods, including specially negotiated insurance products from Willis. As an employer Willis TotalRewards will give you: A consultancy service to create, implement and manage a benefits programme that is right for you and your employees. A market leading technology platform to streamline the management, administration and communication of even the most comprehensive employee benefits package. A system to manage auto-enrolment and other requirements under pension reform. A solution that will grow with you, even overseas, and keep you competitive with other employers and compliant with market developments. Leave and absence management solutions to improve productivity and help manage employer liability, healthcare and income protection risks. Communications services to increase employee uptake and promote a greater understanding of the value on offer. Handling this well can lead to enhanced staff recruitment, loyalty and retention, improved productivity, a greater control over absenteeism and a better return on investment in people and benefits. It can be a challenge to offer the right range of relevant benefits, and then communicate and manage the programme efficiently with each employee.

6 Willis Employee Benefits Limited The Willis Building 51 Lime Street London, EC3M 7DQ United Kingdom Tel: +44 (0) Willis Employee Benefits Limited is authorised and regulated by the Financial Conduct Authority. Registered office: The Willis Building, 51 Lime Street, EC3M 7DQ. Registered number England and Wales. FP1171/9898/06/13