Corporate
Strategy
Strategic employee benefits reviews. One of the main purposes of employee benefits is to attract and retain the right people. A strategic review ensures that your package mirrors your human resources and compensation strategy, and that the benefits are properly communicated to your staff. Utilising research techniques that encompass staff surveys and peer group analysis, we are able to create well-substantiated bespoke solutions that address the needs of both the company and its employees. In addition, as employment models become increasingly flexible, we can help you ensure your remuneration and benefits packages evolve as they should do - helping you maintain your company's competitiveness in the job market.
Flexible and voluntary benefits
Today, flexibility and choice are key components within an effective employee benefits programme. The old "one size fits all" package is no longer good enough. As a result, many employers are looking to enhance their benefits to reflect these developments. But they still need to minimise risk and cost. For some, the solution may be a full flex scheme giving employees an allowance and a choice of benefits. Others may prefer simply to enhance their existing benefits programme with a range of 'voluntary' benefits which employees choose and pay for themselves. With real savings for them and no hassle for you, this can be the ideal solution. Or both can be combined for maximum impact. Whichever approach is right for your business, the key to delivery is our own cutting-edge solution - BenefitsPlus. It can be easily integrated into your own systems so your employees have quick and easy access to their benefits. This can also be used to communicate any core benefits you provide. After all, effective communication is vital to any good employee benefits programme.
Employee benefits due diligence
When another business is being purchased, the buyer needs an accurate picture of the existing benefits program and the extent of potential liabilities, particularly in view of recent developments where many pension schemes are in deficit and may not have a liability management program. We can provide actuarial support to identify the risks and liabilities inherent in acquisitions, mergers and scheme wind-ups for both UK and international clients. Companies and trustees need to understand the nature of their pension scheme liabilities, how they are impacted by various factors, and consider how they might change in the future to allow an appropriate strategy to be developed to manage these liabilities. Managing these liabilities is where AWD Chase de Vere can help.
Retirement and redundancy counselling
Early retirement and redundancy programmes have become essential management tools to cope with the consequences of volatility in business markets. The employer's response to this challenge affects not only the future welfare of the employees leaving, but also the morale and loyalty of those remaining. Delivery can be by seminars or on a one-to-one basis depending on the circumstances and the budget available.
Executive remuneration
Strategic planning is essential to ensure that key directors and executives are remunerated not just appropriately, but tax efficiently. With salaries, bonuses and most benefits in kind subject to Income Tax and National Insurance Contributions, significant reductions can be experienced in actual take-home pay. Business owners also face the ongoing problem of how to draw profits from their business, with various options available including salary, bonuses, benefits and dividends.
Introduction