Is your employee benefits portfolio working for you?
In a world of tight budgets and pay freezes, your employee benefits package is crucial in helping to retain top talent.
If you’ve not looked at yours for a while, you could find that making a few changes to the levels of each benefit you offer could help you get more value from it, no matter whether your budget’s increasing, decreasing or staying the same.
For example, reducing the level of Life cover you offer - many employees already have cover through their mortgage - and introducing Income Protection, which can provide up to 80% of your employee’s salary if they’re long-term ill or injured, so you don’t have to.
With your employees 3 times more likely to suffer long-term absence than die during their working lives, it’s a back-up plan they’re more likely to need.
Income Protection also offers you plenty of business benefits:
- It provides a return on spend – every pound you spend returns an average of 48p in cost savings and efficiencies
- Options to ‘pay direct’ so you don’t need to keep your employee on the payroll
- It can provide free additional services, like legal help for your business
For more reasons why your business needs Income Protection, take a look at this short video.
James Henson 0800 988 0085
 IPSOS Mori/GMI/Mintel/Unum
 Centre for Economics and Business Research (Cebr) research carried out on behalf of Unum, 2012.