Attracting and retaining quality staff is important to the success of your business. We can design, implement and manage the right employee benefits program to suit your business and combined with an effective communication strategy, promote you as an Employer of Choice!
Being an Employer of Choice means that your most talented staff stay with you throughout their career, applicants are eager to work for you and that other people envy your staff! Most Employers of Choice, offer staff a comprehensive employee benefits package, including KiwiSaver contributions, salary continuance, medical insurance and life insurance. Using our specialist understanding of KiwiSaver and group insurance plans, we can consult with you on the myriad of opportunities that exist in this space. There are even options that cost your business nothing! We are able to use the scale of your business to provide insurance products to your employees, which would normally cost significantly more if purchased individually.
As an employer, you can nominate a KiwiSaver scheme for your employees if they don’t choose one on their own. New employees who are automatically enrolled through Inland Revenue, or existing staff that choose to opt-in to KiwiSaver, will become members of your company’s preferred KiwiSaver scheme rather than being randomly assigned to default schemes.
We provide you KiwiSaver material with your branding, simple and consistent administration, ongoing education of staff and access to free financial advice. This is a major advantage of having a partnership with a financial advisory group such as Super-Advice, as it is illegal for employers to provide financial advice to their employees for all their financial matters.
KiwiSaver is still in its infancy and is currently voluntary, however embracing the KiwiSaver initiative with employees makes for a great story when promoting yourself as an Employer of Choice.
In addition to being seen as an employer that cares about its staff’s financial future, there are other advantages that come from choosing a company preferred KiwiSaver scheme:
Group insurance can come in a number of different forms, however, the majority of groups that utilise these insurance plans are employers and associations. The theory is, the more members in a group the more concessions the insurer will offer! Concessions will be in the form of premium discounts and little to no underwriting and pre-existing conditions may also be covered immediately.
For as little as 1% of your payroll, businesses can offer a benefit worth twice that to employees.
Research shows that employee benefits relating to personal financial security (medical, life and income protection insurance) are valued significantly by employees and especially their families as they can also benefit from these plans. All these benefits add up to making you an Employer of Choice.