What are Employee Benefit Schemes?

Added by Love Business East Midlands | 8 December 2012

UPDATED: 8 February 2013

In today’s harsh economic climate providing staff with pay increases and incentives can seem like a strain on resources.

However, it doesn’t have to cost the earth to put in place a benefits package that can reward and retain your most treasured employees.

In fact, some insurers are now allowing the employer to share some of the cost with the employee – a real win-win for everyone. And, with long-term absence of more than 6 months costing the UK private sector more than the Government’s annual rail budget (£3.1 billion)*; that’s a big bill!