Staffcare - An Overview for Employers

Recruiting & Retaining Quality Staff

The greatest asset of a company has to be its workforce. It is so difficult to recruit & retain quality staff that are the foundation of any successful and prosperous company. Therefore, the employer needs to offer something extra beyond the headline salary to attract the right people. CRA can assist by advising on a balanced reward benefit strategy that works for the employer and employee.

Increasingly, employers are recognising the importance of developing remuneration strategies that will attract, motivate and retain the best quality staff. If appropriate to the company, a flexible benefits plan enables employees to choose a mix of benefits that is appropriate to their individual needs, while allowing the business to set benefit parameters and control costs.

Staffcare – A Menu of Employee Benefits

Thoughtfully constructed employee benefit packages are a well-tried and tested means of attracting and retaining staff. Aside from considerable tax saving benefits, group cover is considerably cheaper than paying personal premiums.

To really understand and value their benefit package the employee needs clear communication and points of reference. For this reason CRA takes the extra time with employees to ensure the benefits are thoroughly understood.

The implementation of ‘Staffcare’ assists the employer to:
• Recruit & retain quality staff by offering an attractive range of benefits
• Have the employee back to work more quickly in the event of illness
• Replace an employees income in the event of long term illness
• Provide an employee with income and a lump sum to dependants in the event of death prior to retirement
• Provide an employee with a lump sum & pension at retirement.

Implementation & Communication

Sourcing, administering and communicating the benefit packages to members of staff can be a concern to management. This is where CRA can help.

We are large enough to have the resources to find the best product provider for the different benefit packages available, yet small enough to continue to offer the individual attention required to communicate the benefits to each and every employee. This is so important. All too often benefits schemes are offered to employees where they have no idea of their value. Which unfortunately defeats the whole object of offering benefits over and above the salary.

Rather uniquely, we seek to individually counsel each and every employee prior to the benefit becoming active. This has the effect of reinforcing the true value and understanding of the benefit to the employee. The initial meeting is usually the start of a bonding between us and we will always make ourselves available to the members. These relationships generally develop into us giving advice on everything from house purchase to debt restructuring. Many members of staff see this personalised approach as an additional benefit to help manage their financial affairs.

We specialise in advising on benefit solutions and can offer assistance with the communication and implementation of these, including specialist software. The latest generation of software can integrate data from payroll systems, benefit providers and your own administration systems to produce ‘Staffcare’ statements, contribution schedules and management reports.

Administration

Understandably, some employers fear potential complications in the administration of Flexible Benefit packages. Our back office resources and systems have been developed and designed to offer a complete outsource service that will allow you to concentrate on important business issues.

The administration of ‘Staffcare’ benefits is a partnership between the employer, employees, insurance companies and CRA. However, the process is extremely manageable by the use of ‘state-of-the-art’ technology. This brings together the various benefits from the different product providers to provide an easy to view package for each employee using a secure on-line tracking and administration system.

Employee’s perceptive value of a benefits package

Our aim is to educate and transform the employees’ perception of their benefits package. CRA effectively communicate this by individual counselling, which will improve the employees understanding and appreciation.

‘Staffcare’ offers the employees’ secure on-line links to monitor their benefit components. This will empower staff members to educate themselves about financial matters whilst keeping their personal information up-to-date. The real time ‘Staffcare’ statements available online will demonstrate the true value of benefits to your staff in personalised well presented and easy to understand web pages

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