Employee Benefits for the small but bold business

Employee Benefits for the small but bold business

When it comes to Employee Benefits, what many small businesses don’t know is that it is possible to be profitable and efficient while creating a happy workplace that attracts and retains the best staff. With Lark’s Small Schemes offering, it’s no longer not an ‘either or’ thing.

Many small businesses are making an effort to bring in the type of employee benefits schemes that were once only available to the bigger players, and they’re doing it with little hassle and at a much lower cost than they first envisaged.

For many businesses, bringing on an employee benefits package is seen as an ambitious aim, but once in place, many businesses realise that it helps their bottom line - as employees are happy, so recruitment costs drop and the unbroken business continuity leads to stronger revenue growth.

So what makes a good scheme?

Firstly, you need to determine what your employees want and would appreciate. Consulting with your staff makes them feel engaged right away and ensures that the business only pays for the benefits that are going to actually be seen as beneficial to the staff.

Some of the most popular benefits include:

Group Income Protection - Provides cover to employees who cannot work because of long-term illness or injury to take the strain financially.

Group Critical Illness - Provide employees with a lump sum of money in the event that they are diagnosed with a serious illness or condition. This can be in addition to any group income protection they may have.

Group Life Assurance - A policy that is there to assist and provide comfort to an employee’s dependents during a difficult time.

Group Medical Insurance - Tailored coverage to allow companies to provide their staff with access to specialist care to help get them back to work quicker.

Other, simpler, benefits that a company can offer employees are:

  • healthy breakfast options,

  • yoga classes,

  • comprehensive learning and development programme,

  • health and wellbeing propositions.

Be bold

Small businesses that are bold and bring in an employee benefit programme can quickly see the advantage this brings to their business.

If you would like to take the next step to improve your business, feel free to get in contact with us so that we can craft a bespoke package that will help your business.