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Corporate
Employee Benefits
Corporate benefits are particularly important in differentiating one
company's employee package from another. It can make the difference
between attracting the right calibre of employees or losing them to
a competitor.
A comprehensive corporate benefits package comprising of group life
and group retirement benefits does not have to be as expensive as
one might think. The perceived value from the employee's perspective
can be far greater than the actual monetary amount and can lead to
attracting and retaining high quality personnel.
A corporate retirement benefit scheme
Advantages to the employer
• Assists the company in recruiting and retaining key
personnel.
• Ability to tailor the scheme to the individual company's
needs allowing the employer to provide different levels of benefits
for staff at different levels.
• Ability to stipulate a period before employees can join
the scheme thus rewarding key people in the organisation and creating
an incentive for junior employees to achieve higher benefits.
Advantages to the employee
• Attractive benefit provided
by the employer that make the employee value the Company more highly.
• Perception of the employer
as a caring employer thus leading to the employee wanting to continue
employment with the Company.
• The employee may feel his
future is more secure with the provision of a corporate benefits package.
What BSP can do for a corporation
We can help a company design an appropriate scheme tailored to its
needs with appropriate flexibility and funding levels.
Special master trust facilities offered by institutions can
make the setting up of a scheme trouble free.
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