A competitive Employee Benefits Package attracts and retains good employees

A well-designed benefits package can help build a company culture that people want to be part of. You can enhance your reputation as an employer that recognises and rewards employees for their hard work, creating an environment where people feel appreciated and supported.

In fact, a benefits programme that rewards success, and aligns with your company’s values can help foster a sense of belonging. It shows your employees that you understand their needs and are willing to invest in their well-being. This can set your company apart from others and make it a place where people are eager to work.

One of the best things about a flexible benefits package is that it can reflect the diversity of your workforce. For example, not all employees will be interested in cycle-to-work schemes or discounted gym memberships, but for some, these perks are game-changers. The key is giving employees the freedom to choose what works for them. It can be a deciding factor in whether they stay with your company long-term.

Supporting health and well-being should also be a top priority. Research shows that 46% of employers have seen an increase in the number of workers experiencing issues with mental health in the past 12-months. When companies provide benefits that address these needs, they’re not only supporting employees but also creating a healthier, more productive workplace.

A great benefits programme can also provide essential well-being services like counselling, health advice, and support to employees who are caring for a partner, child, or elderly relative.

These offerings can give employees peace of mind, knowing that help is available when they need it most.

Having a fantastic benefits package won’t make much difference if your employees don’t know about it or understand how it works. Communication is everything when it comes to helping your team get the most out of their benefits.

Take income protection, for example. It’s a valuable benefit, but many employees don’t appreciate its importance simply because they don’t fully understand it. That’s why educating your employees about their benefits is crucial.

At Amber River Premier, we work with employers to identify the benefits that matter most to their team. Then, we run seminars and provide resources throughout the year to ensure employees have a clear understanding of their options. This helps employees make informed decisions, whether it’s about pension savings, tax planning, or the cost of living.

Many of our clients want to offer a great benefits package without breaking the bank. The best way to achieve this is via a flexible benefits platform. It allows employees to pick and choose from a comprehensive menu of benefits, making sure they get what’s most important to them without employers paying for benefits that go unused.

For employees, having all their benefits in one place on a single easy-to-access platform makes things simpler.

For employers, it streamlines and automates the whole process, frees HR teams to focus on their core business priorities, and ensures the HR budget goes further.

Plus, a platform like this gives employers valuable insights into which benefits are being used, so they can keep improving their offerings based on what employees actually want.