Group Benefits

Stand out as an employer of choice

In a marketplace competing for skilled employees, standing out and differentiating yourself is becoming increasingly important.

Making employees feel more valued, by providing additional benefits to them, is likely to result in higher levels of commitment in return. This can result in increased productivity and profitability- value generated directly back to you.

A survey conducted in 2006* showed that companies with the best people-management practices can generate nearly twice as much value to shareholders as their average competitors.

Types of benefits you can provide to employees can include:

1. Life insurance
2. Total and permanent disability benefit
3. Trauma cover
4. Income protection
5. Health cover

*Unlimited/JRA Best Places to Work in New Zealand Survey"- March 2006

What are some of the "Return" benefits to you as the employer?

Loyalty, morale and productivity

Create a more effective workforce, that is more committed and enjoys being there. Employees with high morale and engagement display significantly less absenteeism- increasing the bottom line.

A Powerful Salary Negotiation Tool

Corporate benefits can be a cost effective way to create an attractive package for an employee. It's also a great way to show you care about them more than your competitors!

Support In Times Of Tragedy

Effective recruitment and retention

Retention of staff is much more cost effective than recruiting to replace. It costs somewhere between 25% and 150% of the average employees salary to replace them. Corporate benefits is a great way to attract and retain skilled staff.

Minimised Sick Leave Liability

It's been calculated that the cost to you of staff absenteeism could be 9% of payroll, where replacement labour and loss of of productivity costs are added to absence benefits that are paid*. A workplace income protection plan can help with unexpected illnesses and and injury, and may help get your staff back to work more quickly. A great tool to support productivity.

When an employee suffers a major injury, accident or even death it can cause a terrible setback for them and their family. Corporate benefits can provide vital financial support in times of need. It also sends a powerful message to your employees.

If you would like to know more about providing these benefits within your business, click here to email us or call us on the numbers listed below.

*Mercer's 2010 Australasian Absence Management Survey
Thanks to Sovereign Assurance Company Limited for content on Corporate benefits.