Corinthian_01, Author at Corinthian

15 June 2022

Although the people of the UK are constantly being warned that they are facing a pensions crunch in the future, in fact, hundreds of thousands of them are owed money in “lost” personal and company pensions.

The world of work has changed significantly over the past few decades. These days, the “job for life” concept has long gone. Now, people switch employers on a regular basis, and this has led to most people having multiple small pensions that are all too easy to lose track of.

Many pension providers are simply sitting on those assets, often long after those who are entitled to claim them reach the age of 75 or older. The problem is compounded by the fact that people change address relatively frequently, so it becomes difficult for those providers to make contact.

Yet, since only 40% of people aged 55 or older expect to be comfortably off during their retirement, it’s never been more important to locate that lost pension money. Fortunately, there are ways to do this by spring cleaning your finances to find your hidden treasure.

How can I find my missing pensions?

If you believe you have money in missing pensions out there, there are a few ways that you can track them down. If you’re rapidly approaching retirement, locating this hidden treasure could give you a valuable financial boost once you quit work, and if you’re still saving up, you may be able to find a higher-performing scheme that could put your existing funds to better use.

Speak to our team at Corinthian Benefits. Our dedicated team can do the hard work for you – in finding old pensions and advising you on your options for what to do next. Our pension management service my corinthian, enables you to keep all your pensions together in one place.

Not Too sure if you have missing pensions?

We can still help! Thanks to the Pensions Tracing Service, we can simply supply a few details such as the name of your scheme provider or employer and preferably an address. The service will search its database of personal and occupational pension schemes to locate the contact information for the scheme’s administrator so we can then get in touch with them to find out more about how much money you have stored away.

If you want help, drop us a line at [email protected], or call 0208 189 6100

1 June 2022

Every month one of our team at Corinthian Benefits answers a question from an employer, or employee, seeking clarity on pensions and benefits. If you have something to ask our team, submit your question to [email protected]

As an employer, I am seeing the costs of everything go through the roof. For my business to survive, I do need to keep and attract great talent. Can employee benefits help and can I afford them?

So – are employee benefits worth the investment?

When you are a business owner, one thing that you won’t want to have to do is spend too much money on something that you may not think are a worthwhile investment. You may not always need many things when it comes to running a successful business, but there are also equally some things that are 100% must-haves.

A great team working for you is just one example of this. For your business to survive, especially in a competitive world, you need the right people working for you, which means that you need to find a way to attract the best talent to your business.

There are several ways that you can do this. However, one that you should never underestimate is employee benefits.

So, why are employee benefits worth the investment, and can you really afford them?

The perks of having employee benefits

The first thing that we need to look at, is what exactly are the advantages of having employee benefits on others within your business? Of course, the main reason has to be that it rewards those staff members who work so hard for your company.

For you as the employer, it helps you to appeal to the best talent out there on the job market. When you show that you care about the people who work for you, then those looking for the best place to work will want to work with you.

Not only this, but when they start to work for you and know that these great employee benefits will continue, they are much more likely to want to stay with you, meaning that you retain your staff.

Can I afford it?

The next question is whether or not you can afford to pay out for employee benefits. The answer to this is yes. However, you may want to be able to work this out for yourself.

Look at it this way. The cost of recruitment is enormous, not only the obvious costs but also those you may not always think about. This applies to what you need to pay out to bring in the potential candidates and what you may lose in the staff member ready to move on to something new.

They are likely to take time off to head to interviews for new jobs, but they also may feel unmotivated and dis-engaged whilst they work and, therefore, be less productive.

If you are not sure whether or not this is a cost you can pay out, then why not come and see us here at Corinthian? We have put together our very own staff turnover calculator which is designed to weigh up the cost of employee benefits against the real impact of having them in place.

We hope that it shows you that not only are employee benefits something that you should do but also that they will be much more cost-effective than you may realise.

If you want help, please don’t hesitate to email: [email protected], or call: 0208 189 6100

25 April 2022

Almost half of businesses are planning no pay rises, despite the cost of living increasing.

Read our flyer here:

No Wage Iincrease Plans Download

17 March 2022

Do you understand the implications of the increase in National Insurance contributions to your finances? If not please download our recent flyer here: Change is coming, ARE YOU READY?

National Insurance increases Download

25 February 2022

Great Ways To Say Thank You To Your Employees On This Employee Appreciation Day

In this week’s blog, we look at celebrating employee appreciation day along with a list of great ways to thank your employees.

Employee appreciation day (Friday 4th March) is the perfect opportunity for employers to recognise their hard-working team members, especially during challenging times. While I am a big believer that organisations should appreciate efforts all year round, it is a reminder to say thanks for all that our employees do and to shine the spotlight on those who make our work world a better place to be.

Employee recognition has a big impact on business. But it often gets forgotten and overshadowed by all the other stuff we typically think of when we think of what is to be done. It’s often seen as trivial, nice to have but lacking any kind of core importance for organisation success.

So why does this stuff matter?

Most people show up to a job with the hope of feeling valued and connected. Studies have shown that engaged employees are more productive and make better decisions for their company, they have more focus to get things right, and are more engaged to resolve issues when things go wrong.

Engaged employees are more productive because they like or love what they are doing. Engaged employees innovate more because they deeply want their organisation to succeed. A feeling of camaraderie, collaboration and teamwork is a fundamental need we all have as human beings. Having fun in the workplace helps us have fun and enjoy our lives at home.

So the question is, do your employees feel valued by your organisation? If you’re feeling inspired here are a few easy and actionable ways to celebrate Employee Appreciation Day.

Throw your own mini-festival

Hire a local musician, crack open a few beverages and host your very own Glastonbury or Woodstock. Get your team to switch off for the afternoon, put out a picnic (or get delivery in), and give your team a well-earned chance to sing, dance and reconnect with each other. Let’s face it, they probably won’t remember much about your cutting-edge tech-friendly vending machine, but they will remember the afternoon off, the singing, dancing and bonding with their work friends.

Celebrate with your own awards ceremony

Celebrate with your own awards ceremony. Bring the glamour and fun of the Oscars to your workplace and host your very own awards ceremony. Get the team together to vote for their favourite team tea maker, to the exceptional listener award. Ensure everyone is celebrated for their contributions and it is an event that looks back at the great things already achieved and gets everyone excited for what’s to come in the future.

Let’s get Quizzical

If your team are fond of a little competitive fun, why not extend your lunch hour and host your very own pub quiz? You can even nominate a Quiz Master to make sure everything runs smoothly. Pub quizzes are a fun way to engage staff and boost morale, and it’s also really helpful for team-building purposes. Add a few tricky trivia questions and some fun prizes and giveaways too.

Host your own Great British Bake Off

If you’ve ever fancied yourself as a Mary Berry or Paul Hollywood – this is the event for you. Yes if you’re accepting of a few crumbs on the office carpet, and love a lot of cake, why not host your own cake baking competition? Set a theme for the event, get everyone to bake their own creations at home, bring them in and keep them anonymous and have everyone be the judges! After all, who doesn’t love cake?

Trade places

Step down from being in charge, switch places with your team and allow them to nominate a new boss for the day. If you do something like this, don’t over-plan it. Give your employees the freedom to enjoy it on their own terms, and don’t be overly critical of their performance. Be encouraged by it instead. It’s a great opportunity for people to get out of their comfort zones, learn new things about themselves, and bond with coworkers.

Regardless of how you choose to celebrate employee appreciation day, always remember that your employees are what makes your company great. Yes, it’s important to reward them for their hard work, but it’s even more important to stop for a minute and thank them for the time and effort that they dedicate to your business each and every day, and have a few laughs and some cake in the process.

If you are interested in focusing on employee appreciation, spend 2 minutes taking our Happy Employee Scorecard and receive a unique report that shares how you can start improving your employee happiness in the workplace.

Head to https://scorecard.corinthianbenefits.co.uk/