SMEs looking to expand employee benefits packages to boost recruitment and retention
A recent survey showed that six out of 10 senior managers of SMEs said they would increase the benefits on offer within the next two years.
Around one in five said benefits which specifically address health and wellbeing would be their first choice.
SMEs are increasingly focusing on retaining and recruiting staff and as such recognise the role that a well-designed benefits package can play in addition to salary.
Smaller employers may struggle to attract and retain skilled employees if they cannot offer the benefits that many now expect at work. However, some of these may be much more cost effective than many think. For example, both group life and group income protection can cost as little as 0.2% and 0.5% of salary respectively.
At Corinthian Benefits, we do all the work so that you can concentrate on running your business.